[Today's Guide]
○Localization of information infrastructures continues to promoted, import substitution sees development opportunities
○Online live shows constantly attract attention of funds, de-capacity policies frequently issued for iron ＆ steel industry
○Evergrande Life Insurance becomes third largest shareholder of Loncin Motor, Taihai Manoir Nuclear Equipment to acquire Wanda Heavy-Duty Machinery Equipment Manufacturing
○Foreign capitals flow to ChiNext board through RQFII fund, Baoshuo bought through three institutional seats
[SSN Focus]
○Localization of information infrastructures continues to promoted, import substitution sees development opportunities
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The website of State-owned Assets Supervision and Administration Commission disclosed on Aug. 15 that China Southern Power Grid (CSG) has recently held a leadership team meeting for information-oriented construction and network ＆ information security in 2016. The company pays high attention to localization work, makes great efforts to localize the information infrastructure; it has also gained key breakthroughs to replace and apply the congeneric products of foreign countries in some fields, the CSG indicated.
Comment: Along with boosted localization of information infrastructures in key industries, such as power grid and petrochemical fields, basic software and hardware, including server, data base and middleware, show space to replace those imported products. Among the listed companies, x86 server of Inspur Electronic Information Industry Co., Ltd. (000977.SZ) possesses the third market shares in domestic market, and the company also speeds up the pace to expand in the international market; Hangzhou H3C Tech. Co., Ltd., subsidiary of Unisplendour Corporation Limited (000938.SZ), highly ranks in the market regarding its sever, storage, network equipment and etc., and the subsidiary's all products are now included in purchase list of the central government again.
[SSN Selection]
○The monetary credit and loan have achieved a fast growth since this year, and M2 is expected to gain a rebound for its year-on-year growth rate in August and September, the central bank on Aug. 15 indicated.
○The State Council approved in a written reply to establish an inland and open economic pilot zone in Guizhou province, according to information of www.gov.cn on Aug. 15.
○Guangxi province recently held an urban work meeting, focusing on the construction of urban agglomerations in the Beibu Gulf.
○The world's first quantum communication satellite going to be launched by China soon is named as "Micius", the academician Pan Jianwei introduced on Aug. 15.
○Baosteel Group plans to transfer its 800 million shares to China National Petroleum Corporation (CNPC) for free; previously, the CNPC had transferred its 624 million A shares to the former one for free, too.
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[Industry Information]
○Douyu finished C round of financing, online live shows constantly attract attention of funds
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A live streaming platform douyu.com has achieved 1.5 billion yuan for its C round of financing with Phoenix-capital and Tencent Holdings Ltd. (00700.HK) as main investors, Sina Tech reported on Aug. 15. In March, douyu.com announced to gain 100 million U.S. dollars for its B round of financing, led by Tencent with 400 million yuan and followed by Sequoia Capital and Nanshan Capital. The number of daily active users recorded 15 million, that of the highest simultaneously online users was 4 million, and daily average rooms for live streaming exceeded 20,000, official data in March of douyu.com showed.
Comment: This industry attracts constant attention of the capital market, making it a key investment for business start-up in recent years, and the investors widely include magnates in the internet, media and financial fields, such as NetEase, Inc. (NTES.NASDAQ), Beijing Xiaomi Tech. Co., Ltd., Tencent, JD.com, Inc. (JD. NASDAQ), IDG, Sequoia Capital and etc. In terms of listed companies, Beijing Kunlun Tech Co., Ltd. (300418.SZ) has invested in live show platform Inkee.com; and Kingnet Network Co., Ltd. (002517.SZ) owns a subsidiary Banli.com as online live show platform.
○De-capacity policies frequently issued for iron ＆ steel industry, steel enterprises expected to improve profits
------
Based on report of Ningxia provincial news website on Aug. 15, its government recently approved to implement Development Implementation Scheme of Steel Industry Reducing Overcapacity and Getting Rid of Poverty (2016 to 2020). It requires the whole province to finish the specialized actions before this December, including clear-up of illegal construction project in steel industry; enterprises found to produce unqualified steel will be firmly forced to shut down through cutting off power, water, loans and other measures. Ministry of Industry and Information Technology, Ministry of Environmental Protection as well as China Banking Regulatory Commission have formulated rules or inspection arrangements one by one to reduce the overcapacities in steel and other industries, provinces with rich resources, such as Shanxi, Hebei and Heilongjiang, also show their determination to this respect, SSN found.
Comment: Steel price has obviously increased in recent period, and the same does the profits of steel enterprises when compared to last year. The steel industry is accelerating its de-capacity pace; along with blood ended for South China, reconstruction and infrastructure projects are speeded up; some steel manufacturers are full of orders with low inventory, which will improve the market expectation on steel price in September and October, according to Huatai Securities' research report.
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[Announcement Interpretation]
○Evergrande Life Insurance becomes third largest shareholder of Loncin Motor
------
Loncin Motor Co., Ltd. (603766.SH) issued its semi-annual report. Up to the end of June, Evergrande Life Insurance Co., Ltd. had become the third largest shareholder of the listed company, its combination B account bought 10,103,600 shares of the listed company in the second quarter, taking up 1.21 percent of the total equity of Loncin Motor, but it still did not rank in the first ten shareholders in the first quarter. The listed company achieved a net profit of 427 million yuan for the first half year, up 22.16 percent year on year, and it announced that it has gained new progress in the R＆D of its unmanned aerial vehicle project.
Comment: Recently, Langfang Development Co., Ltd. (600149.SH), China Vanke Co., Ltd. (000002.SZ), China Calxon Group Co., Ltd. (000918.SZ) and others, whose stock price is extremely strong, are likely to be bought by Evergrande Group to the threshold of 5 percent. And Evergrande conceptual stocks attract much attention.
○Taihai Manoir Nuclear Equipment, expecting y-o-y growth of nearly 12 times in semiyearly report, to acquire Wanda Heavy-Duty Machinery Equipment Manufacturing
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A subsidiary under Taihai Manoir Nuclear Equipment Co., Ltd. (002366.SZ) proposes to increase capital in Deyang Wanda Heavy-Duty Machinery Equipment Manufacturing Co., Ltd. with 152 million yuan and the company will gain 70 percent equities after the capital increase. Wanda Heavy-Duty Machinery Equipment Manufacturing recorded a net profit of 16.34 million yuan in 2015. The acquisition will sharpen the competitiveness of Taihai Manoir Nuclear Equipment in the manufacturing of special-purpose equipment.
Taihai Manoir Nuclear Equipment announced its semiyearly report on the same day. The company recorded 283 million yuan in terms of net profit, growing by 1,177 percent year on year. The company expects to pocket a net profit of 343 million yuan to 363 million yuan during the January-September period of 2016, representing a year-on-year growth of 585 percent to 613 percent.
○Chengtun Mining to invest over USD30 mln in cobalt metal in Africa
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Chengtun Mining Group Co., Ltd. (600711.SH) joins hands with Chengtun Rare Materials Technology Co., Ltd., a fully-owned subsidiary under Chengtun Mining Group Co., Ltd., in establishing Chengtun Cobalt Resource New Material Co., Ltd. The newly established company will mainly focus on a comprehensive utilization project with annual production of 3,500 tons of cobalt and 10,000 tons of copper in Congo. The registered capital of the new company reaches 60 million U.S. dollars. Chengtun Mining contributes an investment of 30.6 million U.S. dollars, holding 51 percent equities.
Chengtun Mining indicated that Congo owns abundant copper and cobalt resources. As the core raw material of new energy power battery, cobalt metal can expand to the final consumption of lithium battery. Chengtun Mining announced its semi-yearly report on the same day, forecasting a performance growth of 50 percent.
○LS Heavy Equipment signs big order
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Lanzhou LS Heavy Equipment Co., Ltd. (603169.SH) has entered into an engineering, procurement and construction (EPC) contract with Xinjiang Xuanli Environment-friendly Energy Company which is temporarily valued at 1.1 billion yuan. The revenue pocketed by LS Heavy Equipment in 2015 totals 2.47 billion yuan.
○Cloud Live Technology resumes trading with termination of reorganization, Special Treatment shook off during trading suspension
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Cloud Live Technology Group Co., Ltd. (002306.SZ) declared that due to the changes of market environment, the company will terminate its plan of acquiring photovoltaic power generation assets. The company shook off the mark of Special Treatment on May 16 during trading suspension.
[Financial Reports Express]
○Shenglu Telecommunication Tech and etc. forecast performance growth in first three quarters
------
Guangdong Shenglu Telecommunication Tech Co., Ltd. (002446.SZ) announces a performance growth of 162 percent in semiyearly report and forecasts a performance growth of 85 percent-107 percent in the first three quarters. Zhejiang NHU Company Ltd. (002001.SZ) announces a performance growth of 178 percent in semiyearly report and forecasts a performance growth of 170 percent -200 percent in the first three quarters. Zhuzhou Kibing Group Co., Ltd. (601636.SH) announces a performance growth of 62 percent in semiyearly report and forecasts a performance growth of above 160 percent in the first three quarters.
Suzhou New District Hi-Tech Industrial Co., Ltd. (600736.SH), Zhejiang Guangsha Co., Ltd. (600052.SH) and Beijing Enlight Media Co., Ltd. (300251.SZ) announce a performance growth of over 600 percent, over 800 percent and 291 percent, respectively, in their semiyearly reports.
○Shuanghuan Driveline and etc. announce high share conversion and dividend
------
Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ) expects a year-on-year growth of 34 percent in terms of net profit in its semiyearly report. The company proposes a 10-for-10 share conversion and forecasts a performance growth of 60 percent at most in the first three quarters. Sungrow Power Supply Co., Ltd. (300274.SZ) expects its net profit to grow by 35 percent in its semiyearly report. The company proposes an 8-for-10 share conversion combined with 1 yuan dividend for every 10 shares. Jilin Jinguan Electric Co., Ltd. (300510.SZ) expects its net profit to grow by 6 percent from a year earlier in its semiyearly report. The company proposes a 10-for-10 share conversion. The net profit of Yunnan Chihong Zinc ＆ Germanium Co., Ltd. (600497.SH) is expected to decline 42 percent in its semiyearly report. The company proposes a 10-for-10 share conversion combined with 1 yuan dividend for every 10 shares.
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[Trading Trends]
○Foreign capitals flow to ChiNext board through RQFII fund
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SSN learnt that the CSOP SZSE ChiNext ETF saw a net inflow of around 23 million Hong Kong dollars on Aug .15, being subscribed by foreign capitals for the sixth time this month. Totally, over 40 million Hong Kong dollars have flowed to the ChiNext Board of the A-share market through this RQFII fund this month. In the secondary market, the ETF recently surged with increased turnover and its market price sees premium against its net value. As of the trading hours of Aug. 15, the HK dollar-denominated part of the ETF saw a premium of 2.33 percent.
○Baoshuo bought through three institutional seats
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The trading volume ranking list on Aug. 15 shows that Hebei Baoshuo Co., Ltd. (600155.SH) was bought through three institutional seats with a total of 67.06 million yuan, accounting for 10.8 percent of its intraday turnover. The shares of the company were sold with 9.72 million yuan through another institutional seat.
Comment: The securities sector moved up 5.72 percent on Aug. 15. Baoshuo's applications of acquiring 100 percent equities of Huachuang Securities Co., Ltd. through private placement and raising supporting fund have been nodded conditionally. Institutions believe that the capital strength of Huachuang Securities will be sharply increased after the reorganization and the fundraising of supporting funds. Huachuang Securities will see constant capital replenishment and might expect sound performance later.
○Various capitals keep vieing for the throne of Vanke
------
The trading volume ranking list on Aug. 15 shows that China Vanke Co., Ltd. (000002.SZ), soaring to the daily limit of 10 percent today, was bought with 727 million yuan, accounting for 9.26 percent of its intraday turnover, through the institutional seat of a business department under Guotai Jun'an Securities Co., Ltd. in Guangzhou. 965 million yuan of the shares were sold through another institutional seat. The aforesaid business department never presented itself on the trading volume ranking list of Vanke this year. Its location is just one street away from the headquarters of Evergrande Real Estate Group. According to latest information announced by Hong Kong Exchanges and Clearing Limited, Nexus Capital purchased 18 million H shares of China Vanke on Aug. 11, increasing its shareholding of Vanke's H shares from 7.46 percent to 8.84 percent. It is declared on the website of Nexus Capital that it is a private investment enterprise headquartered in Hong Kong.
[Trading Alarms]
○Hongsheng Heat Exchanger Manufacturing and Shandong Head to launch IPO
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Wuxi Hongsheng Heat Exchanger Manufacturing Co., Ltd. (732090), principally engaged in heat exchanger, will issue shares at 8.47 yuan per share with an up-limit of 10,000 shares per account. The P/E ratio is 23 times. Shandong Head Co., Ltd. (002810.SZ), mainly involved in cellulose ether, will issue shares at 9.91 yuan per share with an up-limit of 8,500 shares per account. Its P/E ratio is the same with that of Hongsheng Heat Exchanger Manufacturing.
TOP
○Localization of information infrastructures continues to promoted, import substitution sees development opportunities
○Online live shows constantly attract attention of funds, de-capacity policies frequently issued for iron ＆ steel industry
○Evergrande Life Insurance becomes third largest shareholder of Loncin Motor, Taihai Manoir Nuclear Equipment to acquire Wanda Heavy-Duty Machinery Equipment Manufacturing
○Foreign capitals flow to ChiNext board through RQFII fund, Baoshuo bought through three institutional seats
[SSN Focus]
○Localization of information infrastructures continues to promoted, import substitution sees development opportunities
------
The website of State-owned Assets Supervision and Administration Commission disclosed on Aug. 15 that China Southern Power Grid (CSG) has recently held a leadership team meeting for information-oriented construction and network ＆ information security in 2016. The company pays high attention to localization work, makes great efforts to localize the information infrastructure; it has also gained key breakthroughs to replace and apply the congeneric products of foreign countries in some fields, the CSG indicated.
Comment: Along with boosted localization of information infrastructures in key industries, such as power grid and petrochemical fields, basic software and hardware, including server, data base and middleware, show space to replace those imported products. Among the listed companies, x86 server of Inspur Electronic Information Industry Co., Ltd. (000977.SZ) possesses the third market shares in domestic market, and the company also speeds up the pace to expand in the international market; Hangzhou H3C Tech. Co., Ltd., subsidiary of Unisplendour Corporation Limited (000938.SZ), highly ranks in the market regarding its sever, storage, network equipment and etc., and the subsidiary's all products are now included in purchase list of the central government again.
[SSN Selection]
○The monetary credit and loan have achieved a fast growth since this year, and M2 is expected to gain a rebound for its year-on-year growth rate in August and September, the central bank on Aug. 15 indicated.
○The State Council approved in a written reply to establish an inland and open economic pilot zone in Guizhou province, according to information of www.gov.cn on Aug. 15.
○Guangxi province recently held an urban work meeting, focusing on the construction of urban agglomerations in the Beibu Gulf.
○The world's first quantum communication satellite going to be launched by China soon is named as "Micius", the academician Pan Jianwei introduced on Aug. 15.
○Baosteel Group plans to transfer its 800 million shares to China National Petroleum Corporation (CNPC) for free; previously, the CNPC had transferred its 624 million A shares to the former one for free, too.
TOP
[Industry Information]
○Douyu finished C round of financing, online live shows constantly attract attention of funds
------
A live streaming platform douyu.com has achieved 1.5 billion yuan for its C round of financing with Phoenix-capital and Tencent Holdings Ltd. (00700.HK) as main investors, Sina Tech reported on Aug. 15. In March, douyu.com announced to gain 100 million U.S. dollars for its B round of financing, led by Tencent with 400 million yuan and followed by Sequoia Capital and Nanshan Capital. The number of daily active users recorded 15 million, that of the highest simultaneously online users was 4 million, and daily average rooms for live streaming exceeded 20,000, official data in March of douyu.com showed.
Comment: This industry attracts constant attention of the capital market, making it a key investment for business start-up in recent years, and the investors widely include magnates in the internet, media and financial fields, such as NetEase, Inc. (NTES.NASDAQ), Beijing Xiaomi Tech. Co., Ltd., Tencent, JD.com, Inc. (JD. NASDAQ), IDG, Sequoia Capital and etc. In terms of listed companies, Beijing Kunlun Tech Co., Ltd. (300418.SZ) has invested in live show platform Inkee.com; and Kingnet Network Co., Ltd. (002517.SZ) owns a subsidiary Banli.com as online live show platform.
○De-capacity policies frequently issued for iron ＆ steel industry, steel enterprises expected to improve profits
------
Based on report of Ningxia provincial news website on Aug. 15, its government recently approved to implement Development Implementation Scheme of Steel Industry Reducing Overcapacity and Getting Rid of Poverty (2016 to 2020). It requires the whole province to finish the specialized actions before this December, including clear-up of illegal construction project in steel industry; enterprises found to produce unqualified steel will be firmly forced to shut down through cutting off power, water, loans and other measures. Ministry of Industry and Information Technology, Ministry of Environmental Protection as well as China Banking Regulatory Commission have formulated rules or inspection arrangements one by one to reduce the overcapacities in steel and other industries, provinces with rich resources, such as Shanxi, Hebei and Heilongjiang, also show their determination to this respect, SSN found.
Comment: Steel price has obviously increased in recent period, and the same does the profits of steel enterprises when compared to last year. The steel industry is accelerating its de-capacity pace; along with blood ended for South China, reconstruction and infrastructure projects are speeded up; some steel manufacturers are full of orders with low inventory, which will improve the market expectation on steel price in September and October, according to Huatai Securities' research report.
TOP
[Announcement Interpretation]
○Evergrande Life Insurance becomes third largest shareholder of Loncin Motor
------
Loncin Motor Co., Ltd. (603766.SH) issued its semi-annual report. Up to the end of June, Evergrande Life Insurance Co., Ltd. had become the third largest shareholder of the listed company, its combination B account bought 10,103,600 shares of the listed company in the second quarter, taking up 1.21 percent of the total equity of Loncin Motor, but it still did not rank in the first ten shareholders in the first quarter. The listed company achieved a net profit of 427 million yuan for the first half year, up 22.16 percent year on year, and it announced that it has gained new progress in the R＆D of its unmanned aerial vehicle project.
Comment: Recently, Langfang Development Co., Ltd. (600149.SH), China Vanke Co., Ltd. (000002.SZ), China Calxon Group Co., Ltd. (000918.SZ) and others, whose stock price is extremely strong, are likely to be bought by Evergrande Group to the threshold of 5 percent. And Evergrande conceptual stocks attract much attention.
○Taihai Manoir Nuclear Equipment, expecting y-o-y growth of nearly 12 times in semiyearly report, to acquire Wanda Heavy-Duty Machinery Equipment Manufacturing
------
A subsidiary under Taihai Manoir Nuclear Equipment Co., Ltd. (002366.SZ) proposes to increase capital in Deyang Wanda Heavy-Duty Machinery Equipment Manufacturing Co., Ltd. with 152 million yuan and the company will gain 70 percent equities after the capital increase. Wanda Heavy-Duty Machinery Equipment Manufacturing recorded a net profit of 16.34 million yuan in 2015. The acquisition will sharpen the competitiveness of Taihai Manoir Nuclear Equipment in the manufacturing of special-purpose equipment.
Taihai Manoir Nuclear Equipment announced its semiyearly report on the same day. The company recorded 283 million yuan in terms of net profit, growing by 1,177 percent year on year. The company expects to pocket a net profit of 343 million yuan to 363 million yuan during the January-September period of 2016, representing a year-on-year growth of 585 percent to 613 percent.
○Chengtun Mining to invest over USD30 mln in cobalt metal in Africa
------
Chengtun Mining Group Co., Ltd. (600711.SH) joins hands with Chengtun Rare Materials Technology Co., Ltd., a fully-owned subsidiary under Chengtun Mining Group Co., Ltd., in establishing Chengtun Cobalt Resource New Material Co., Ltd. The newly established company will mainly focus on a comprehensive utilization project with annual production of 3,500 tons of cobalt and 10,000 tons of copper in Congo. The registered capital of the new company reaches 60 million U.S. dollars. Chengtun Mining contributes an investment of 30.6 million U.S. dollars, holding 51 percent equities.
Chengtun Mining indicated that Congo owns abundant copper and cobalt resources. As the core raw material of new energy power battery, cobalt metal can expand to the final consumption of lithium battery. Chengtun Mining announced its semi-yearly report on the same day, forecasting a performance growth of 50 percent.
○LS Heavy Equipment signs big order
------
Lanzhou LS Heavy Equipment Co., Ltd. (603169.SH) has entered into an engineering, procurement and construction (EPC) contract with Xinjiang Xuanli Environment-friendly Energy Company which is temporarily valued at 1.1 billion yuan. The revenue pocketed by LS Heavy Equipment in 2015 totals 2.47 billion yuan.
○Cloud Live Technology resumes trading with termination of reorganization, Special Treatment shook off during trading suspension
------
Cloud Live Technology Group Co., Ltd. (002306.SZ) declared that due to the changes of market environment, the company will terminate its plan of acquiring photovoltaic power generation assets. The company shook off the mark of Special Treatment on May 16 during trading suspension.
[Financial Reports Express]
○Shenglu Telecommunication Tech and etc. forecast performance growth in first three quarters
------
Guangdong Shenglu Telecommunication Tech Co., Ltd. (002446.SZ) announces a performance growth of 162 percent in semiyearly report and forecasts a performance growth of 85 percent-107 percent in the first three quarters. Zhejiang NHU Company Ltd. (002001.SZ) announces a performance growth of 178 percent in semiyearly report and forecasts a performance growth of 170 percent -200 percent in the first three quarters. Zhuzhou Kibing Group Co., Ltd. (601636.SH) announces a performance growth of 62 percent in semiyearly report and forecasts a performance growth of above 160 percent in the first three quarters.
Suzhou New District Hi-Tech Industrial Co., Ltd. (600736.SH), Zhejiang Guangsha Co., Ltd. (600052.SH) and Beijing Enlight Media Co., Ltd. (300251.SZ) announce a performance growth of over 600 percent, over 800 percent and 291 percent, respectively, in their semiyearly reports.
○Shuanghuan Driveline and etc. announce high share conversion and dividend
------
Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ) expects a year-on-year growth of 34 percent in terms of net profit in its semiyearly report. The company proposes a 10-for-10 share conversion and forecasts a performance growth of 60 percent at most in the first three quarters. Sungrow Power Supply Co., Ltd. (300274.SZ) expects its net profit to grow by 35 percent in its semiyearly report. The company proposes an 8-for-10 share conversion combined with 1 yuan dividend for every 10 shares. Jilin Jinguan Electric Co., Ltd. (300510.SZ) expects its net profit to grow by 6 percent from a year earlier in its semiyearly report. The company proposes a 10-for-10 share conversion. The net profit of Yunnan Chihong Zinc ＆ Germanium Co., Ltd. (600497.SH) is expected to decline 42 percent in its semiyearly report. The company proposes a 10-for-10 share conversion combined with 1 yuan dividend for every 10 shares.
TOP
[Trading Trends]
○Foreign capitals flow to ChiNext board through RQFII fund
------
SSN learnt that the CSOP SZSE ChiNext ETF saw a net inflow of around 23 million Hong Kong dollars on Aug .15, being subscribed by foreign capitals for the sixth time this month. Totally, over 40 million Hong Kong dollars have flowed to the ChiNext Board of the A-share market through this RQFII fund this month. In the secondary market, the ETF recently surged with increased turnover and its market price sees premium against its net value. As of the trading hours of Aug. 15, the HK dollar-denominated part of the ETF saw a premium of 2.33 percent.
○Baoshuo bought through three institutional seats
------
The trading volume ranking list on Aug. 15 shows that Hebei Baoshuo Co., Ltd. (600155.SH) was bought through three institutional seats with a total of 67.06 million yuan, accounting for 10.8 percent of its intraday turnover. The shares of the company were sold with 9.72 million yuan through another institutional seat.
Comment: The securities sector moved up 5.72 percent on Aug. 15. Baoshuo's applications of acquiring 100 percent equities of Huachuang Securities Co., Ltd. through private placement and raising supporting fund have been nodded conditionally. Institutions believe that the capital strength of Huachuang Securities will be sharply increased after the reorganization and the fundraising of supporting funds. Huachuang Securities will see constant capital replenishment and might expect sound performance later.
○Various capitals keep vieing for the throne of Vanke
------
The trading volume ranking list on Aug. 15 shows that China Vanke Co., Ltd. (000002.SZ), soaring to the daily limit of 10 percent today, was bought with 727 million yuan, accounting for 9.26 percent of its intraday turnover, through the institutional seat of a business department under Guotai Jun'an Securities Co., Ltd. in Guangzhou. 965 million yuan of the shares were sold through another institutional seat. The aforesaid business department never presented itself on the trading volume ranking list of Vanke this year. Its location is just one street away from the headquarters of Evergrande Real Estate Group. According to latest information announced by Hong Kong Exchanges and Clearing Limited, Nexus Capital purchased 18 million H shares of China Vanke on Aug. 11, increasing its shareholding of Vanke's H shares from 7.46 percent to 8.84 percent. It is declared on the website of Nexus Capital that it is a private investment enterprise headquartered in Hong Kong.
[Trading Alarms]
○Hongsheng Heat Exchanger Manufacturing and Shandong Head to launch IPO
------
Wuxi Hongsheng Heat Exchanger Manufacturing Co., Ltd. (732090), principally engaged in heat exchanger, will issue shares at 8.47 yuan per share with an up-limit of 10,000 shares per account. The P/E ratio is 23 times. Shandong Head Co., Ltd. (002810.SZ), mainly involved in cellulose ether, will issue shares at 9.91 yuan per share with an up-limit of 8,500 shares per account. Its P/E ratio is the same with that of Hongsheng Heat Exchanger Manufacturing.
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