[Today's Guide]
○NDRC supervises construction of charging facilities, SGCC to launch new round of invitation for bids
○National Aviation Industry Base to locate in Wuhan, industrial cluster worth RMB100 bln to built
○Green Pine shares transferred at premium, Wanjia acquires e-sports companies
○Strait Shipping to buy Xinhai Ferry Wharf, Zhongke Electric to acquire Shinzoom Technology
[SSN Focus]
○NDRC supervises construction of charging facilities, SGCC to launch new round of invitation for bids
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Four departments led by the National Development and Reform Commission (NDRC) on Sept. 12 jointly released the Notice about Accelerating the Construction of Charging Infrastructure for Electric Vehicles in Residential Area. 11 measures, including strengthening the renovation of facilities in residential area, standardizing the construction of newly-built residential area, actively developing piloting work and demonstrations and etc., are proposed to support the construction of charging piles for electric vehicles. In addition, State Grid Corporation of China (SGCC) has launched two rounds of invitation for bids for charging piles in 2016, totaling around 1.4 billion yuan and holding line with the figure throughout 2015. As disclosed by industry insiders, the company might launch another round of invitation for bids in the fourth quarter of 2016.
Comment: Under the backdrop that policies about subsidies for the construction of charging piles are frequently launched in various places, the construction demand for charging stations and charging piles is greatly boosted. The purchasing by the SGCC might further boost the development of the industry. Besides Nari Technology Co., Ltd. (600406.SH) and XJ Electric Co., Ltd. (000400.SZ) under the SGCC, the shares won by other private enterprises in the bidding also rapidly climb. Shenzhen Kstar Science ＆ Technology Co., Ltd. (002518.SZ) indicated on interactive platform that it will actively participate in the invitation for bids carried out by the SGCC. The shares won by Hangzhou Zhongheng Electric Co., Ltd. (002364.SZ) in the bidding are maintained at around 6 percent in recent rounds.
[SSN Selection]
○The General Office of the State Council recently printed and distributed the plan for improving the standards and quality of consumer goods. It is supposed to let advanced standards lead the quality improvement of consumer goods.
○Experts attending the Sensor China Expo ＆ Conference 2016 held on Sept. 12 disclosed on the meeting that the 13th five-year plan for intelligent manufacturing, which will be rolled out soon, focuses on breakthroughs in five core technologies with sensors included.
○The Department of Housing and Urban-Rural Development of Guangdong Province indicates that around 88 km of urban underground comprehensive pipe gallery has been put into operation. It is expected that at least 1,000 km of urban underground comprehensive pipe gallery will be constructed by 2020.
○Since the controlling shareholder of Beijing Shougang Co., Ltd. (000959.SZ) is mulling on major issues related to the company, Beijing Shougang will suspend trading from Sept. 13.
○The general meeting of shareholders held by E-Commerce China Dangdang, Inc. (NYSE: DANG) approved the company's privatization deal on Sept. 12. The company will get delisted on the New York Stock Exchange.
TOP
[Industry Information]
○National Aviation Industry Base to locate in Wuhan, industrial cluster worth RMB100 bln to built
------
China Aerospace Science ＆ Industry Corp (CASIC) on Sept. 12 inked the Special Cooperation Agreement about Advancing the Construction of Wuhan National Aviation Industry Base with Hubei provincial government and Wuhan municipal government, vowing to build a new industrial cluster worth 100 billion yuan. According to the plan, the base will mainly focus on commercial aviation and the new-generation space launch and application. It will also strive to build four leading industries with the manufacturing of ground equipment for the aviation industry included through innovation of technology, commercial model and management.
Comment: Experts estimate that by 2020, the base will be able to annually produce 50 carrier rockets, 40 commercial satellites above 100 kg and 100 commercial satellites below 100 kg, striving to reach a market value of 30 billion yuan by 2020. Listed companies like Aerospace Communications Holdings Group Co., Ltd. (600677.SH) and Aerospace Hi-Tech Holding Group Co., Ltd. (000901.SZ) are under the CASIC.
○Six departments and commissions to jointly crack down illegal trading of bank cards information, cyber safety to highlighted
------
Six departments and commissions, with the central bank, the Ministry of Industry and Information Technology (MIIT) and the Ministry of Public Security included, recently jointly printed and distributed a notice. It is determined that these six departments and commissions will jointly crack down illegal trading of bank cards information across the state from September 2016 to April 2017. Measures to be taken include checking the security and the accordance with standards of bank card terminals, the internal control management measures for protecting account information in banking financial institutions, non-banking payment institutions and bank card clearance institutions, the security of payment business system and etc.
Comment: The central bank indicates that criminals acquire information of bank cards illegally through Internet attack and refitting POS machines. So it has a long way to go to build cyber safety. In the opinions of institutions, cyber safety market is expected to see rapid development during the 13th Five-year Plan period. Toyou Feiji Electronics Co., Ltd. (300302.SZ) realizes replacement of foreign brands in key business system of mainstream industry and institutions are rosy about the company's duplication in pan-energy, finance and other industries. Bluedon Information Security Technologies Co., Ltd. (300297.SZ) is specialized in enterprise information security field and is a leader in internal supervision safety.
TOP
[Announcement Interpretation]
○Green Pine shares transferred at premium nearly 30 pct.
------
Shanxi Jia Hui Enterprise Management Consulting Co. Ltd. plans to acquire 49,622,600 shares (accounting for 12.86 percent of the company's total share capital) of Fujian Green Pine Co., Ltd. (300132.SZ) at a price of 11.79 yuan per share from the listed company's controlling shareholder and actual controller Ke Weilong and other eight shareholders. After the deal is finished, Ke Weilong is still the company's actual controller holding 18.52 percent stake in the company.
Comment: Actual controller of Jia Hui Enterprise Management Consulting is sYang Jianxin, who is actual controller of KJT.com. The transaction price of 11.79 yuan per share represents about 28 percent of premium compared with 9.19 yuan, which was the price before trading suspension.
○Wanjia acquires 2 e-sports companies
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Zhejiang Wanjia Co., Ltd. (600576.SH) plans to buy 100 percent equity of Shanghai Longlin Network Technology Company and Shanghai Kuaiping Network Technology Company by issuing shares at a price of 17.02 yuan per share through private placement and paying in cash. The acquisitions are valued at 414 million yuan and 370 million yuan respectively. Total net profits are promised to reach 61 million yuan, 76 million yuan and 90 million yuan during 2016 and 2018 respectively. Longlin Network Technology is engaged in e-sports content and Kuaiping Network Technology is specialized in training e-sports anchor and brokers and operation business of e-sports web portals. In addition, the listed company will also raise supporting funds of 250 million yuan by issuing shares at a price of 18.32 yuan per share through private placement from its actual controller and Hangzhou Pulin Investment Management Co., Ltd.
TOP
○Strait Shipping to buy Xinhai Ferry Wharf at RMB1 bln
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Hainan Strait Shipping Co., Ltd. (002320.SZ) plans to acquire 100 percent equity of Hainan Harbor ＆ Shipping Xinhai Ferry Wharf Co., Ltd. by issuing shares at a price of 12.94 yuan per share through private placement from its controlling shareholder and also raise supporting funds of 340 million yuan. After the deal is done, Strait Shipping will own assets of ro-ro passenger ship business and phase-1 wharf of new harbor through Xinhai Ferry Wharf, which is synergetic with the company's existing business.
○Zhongke Electric to acquire Shinzoom Technology at RMB488 mln
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Hunan Zhongke Electric Co., Ltd. (300035.SZ) plans to buy 97.6547 percent equity of Hunan Shinzoom Technology Co., Ltd. at 488 million yuan, 195 million of which will be paid in cash and the rest of which will be paid through issuing shares at a price of 11.66 yuan per share. Shinzoom Technology, a NEEQ-listed company, is engaged in producing negative electrode materials of lithium battery and its two biggest clients are BYD Company Limited (002594.SZ) and Hangzhou First Pv Material Co., Ltd. (603806.SH). The former shareholder promises that net profit of the company after deduction of extraordinary gains and losses will not be less than 35 million yuan, 45 million yuan and 55 million yuan during 2016 and 2018 respectively.
○Yasha Decoration undertakes and finishes decoration projects related to G20 summit
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Zhejiang Yasha Decoration Co., Ltd. (002375.SZ) undertakes decoration projects related to G20 summit. The project contract amount is 826 million yuan, accounting for 9.21 percent of the company's revenue in 2015. The projects have been finished and 677 million yuan of revenue has been carried forward. Confidentiality agreement terminates. The project of Hangzhou International Expo Center (the main meeting place of G20 summit) is the second largest individual building project in the world.
○Longjian Road＆Bridge and several firms won bidding of PPP projects
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Longjian Road＆Bridge Co., Ltd. (600853.SH) won the bidding of Public-Private Partnership (PPP) project of landscape Suining city, Sichuan province. The total investment in this project is estimated to be 1 billion yuan. Besides, the company also won the bidding of PPP project of urban road construction of Yuncheng county, Shandong province with total investment of about 1.022 billion yuan. Yunnan Yuntou Ecology and Environment Technology Co., Ltd. (002200.SZ) won the bidding of PPP project of building Renli old town in Sunning with a total investment of 1.32 billion yuan.
Long Yuan Construction Group Co., Ltd. (600491.SH) becomes competitive negotiation supplier of PPP project of newly-built schools in 2016 in Linwei district, Weinan city, Shaanxi province. Initial investment amount of this project is estimated to be 1.046 billion yuan. The company also won the bidding of PPP project of ring road of Shangluo city, Shaanxi province. The total investment in the project posts 444 million yuan. Xinjiang Guotong Pipeline Co., Ltd. (002205.SZ) signed strategic cooperation framework agreement with Shigatse municipal government and the latter will partner with the company to invest in infrastructure project of Shigatse through PPP. The investment amount is about 5.85 billion yuan.
TOP
○NDRC supervises construction of charging facilities, SGCC to launch new round of invitation for bids
○National Aviation Industry Base to locate in Wuhan, industrial cluster worth RMB100 bln to built
○Green Pine shares transferred at premium, Wanjia acquires e-sports companies
○Strait Shipping to buy Xinhai Ferry Wharf, Zhongke Electric to acquire Shinzoom Technology
[SSN Focus]
○NDRC supervises construction of charging facilities, SGCC to launch new round of invitation for bids
------
Four departments led by the National Development and Reform Commission (NDRC) on Sept. 12 jointly released the Notice about Accelerating the Construction of Charging Infrastructure for Electric Vehicles in Residential Area. 11 measures, including strengthening the renovation of facilities in residential area, standardizing the construction of newly-built residential area, actively developing piloting work and demonstrations and etc., are proposed to support the construction of charging piles for electric vehicles. In addition, State Grid Corporation of China (SGCC) has launched two rounds of invitation for bids for charging piles in 2016, totaling around 1.4 billion yuan and holding line with the figure throughout 2015. As disclosed by industry insiders, the company might launch another round of invitation for bids in the fourth quarter of 2016.
Comment: Under the backdrop that policies about subsidies for the construction of charging piles are frequently launched in various places, the construction demand for charging stations and charging piles is greatly boosted. The purchasing by the SGCC might further boost the development of the industry. Besides Nari Technology Co., Ltd. (600406.SH) and XJ Electric Co., Ltd. (000400.SZ) under the SGCC, the shares won by other private enterprises in the bidding also rapidly climb. Shenzhen Kstar Science ＆ Technology Co., Ltd. (002518.SZ) indicated on interactive platform that it will actively participate in the invitation for bids carried out by the SGCC. The shares won by Hangzhou Zhongheng Electric Co., Ltd. (002364.SZ) in the bidding are maintained at around 6 percent in recent rounds.
[SSN Selection]
○The General Office of the State Council recently printed and distributed the plan for improving the standards and quality of consumer goods. It is supposed to let advanced standards lead the quality improvement of consumer goods.
○Experts attending the Sensor China Expo ＆ Conference 2016 held on Sept. 12 disclosed on the meeting that the 13th five-year plan for intelligent manufacturing, which will be rolled out soon, focuses on breakthroughs in five core technologies with sensors included.
○The Department of Housing and Urban-Rural Development of Guangdong Province indicates that around 88 km of urban underground comprehensive pipe gallery has been put into operation. It is expected that at least 1,000 km of urban underground comprehensive pipe gallery will be constructed by 2020.
○Since the controlling shareholder of Beijing Shougang Co., Ltd. (000959.SZ) is mulling on major issues related to the company, Beijing Shougang will suspend trading from Sept. 13.
○The general meeting of shareholders held by E-Commerce China Dangdang, Inc. (NYSE: DANG) approved the company's privatization deal on Sept. 12. The company will get delisted on the New York Stock Exchange.
TOP
[Industry Information]
○National Aviation Industry Base to locate in Wuhan, industrial cluster worth RMB100 bln to built
------
China Aerospace Science ＆ Industry Corp (CASIC) on Sept. 12 inked the Special Cooperation Agreement about Advancing the Construction of Wuhan National Aviation Industry Base with Hubei provincial government and Wuhan municipal government, vowing to build a new industrial cluster worth 100 billion yuan. According to the plan, the base will mainly focus on commercial aviation and the new-generation space launch and application. It will also strive to build four leading industries with the manufacturing of ground equipment for the aviation industry included through innovation of technology, commercial model and management.
Comment: Experts estimate that by 2020, the base will be able to annually produce 50 carrier rockets, 40 commercial satellites above 100 kg and 100 commercial satellites below 100 kg, striving to reach a market value of 30 billion yuan by 2020. Listed companies like Aerospace Communications Holdings Group Co., Ltd. (600677.SH) and Aerospace Hi-Tech Holding Group Co., Ltd. (000901.SZ) are under the CASIC.
○Six departments and commissions to jointly crack down illegal trading of bank cards information, cyber safety to highlighted
------
Six departments and commissions, with the central bank, the Ministry of Industry and Information Technology (MIIT) and the Ministry of Public Security included, recently jointly printed and distributed a notice. It is determined that these six departments and commissions will jointly crack down illegal trading of bank cards information across the state from September 2016 to April 2017. Measures to be taken include checking the security and the accordance with standards of bank card terminals, the internal control management measures for protecting account information in banking financial institutions, non-banking payment institutions and bank card clearance institutions, the security of payment business system and etc.
Comment: The central bank indicates that criminals acquire information of bank cards illegally through Internet attack and refitting POS machines. So it has a long way to go to build cyber safety. In the opinions of institutions, cyber safety market is expected to see rapid development during the 13th Five-year Plan period. Toyou Feiji Electronics Co., Ltd. (300302.SZ) realizes replacement of foreign brands in key business system of mainstream industry and institutions are rosy about the company's duplication in pan-energy, finance and other industries. Bluedon Information Security Technologies Co., Ltd. (300297.SZ) is specialized in enterprise information security field and is a leader in internal supervision safety.
TOP
[Announcement Interpretation]
○Green Pine shares transferred at premium nearly 30 pct.
------
Shanxi Jia Hui Enterprise Management Consulting Co. Ltd. plans to acquire 49,622,600 shares (accounting for 12.86 percent of the company's total share capital) of Fujian Green Pine Co., Ltd. (300132.SZ) at a price of 11.79 yuan per share from the listed company's controlling shareholder and actual controller Ke Weilong and other eight shareholders. After the deal is finished, Ke Weilong is still the company's actual controller holding 18.52 percent stake in the company.
Comment: Actual controller of Jia Hui Enterprise Management Consulting is sYang Jianxin, who is actual controller of KJT.com. The transaction price of 11.79 yuan per share represents about 28 percent of premium compared with 9.19 yuan, which was the price before trading suspension.
○Wanjia acquires 2 e-sports companies
------
Zhejiang Wanjia Co., Ltd. (600576.SH) plans to buy 100 percent equity of Shanghai Longlin Network Technology Company and Shanghai Kuaiping Network Technology Company by issuing shares at a price of 17.02 yuan per share through private placement and paying in cash. The acquisitions are valued at 414 million yuan and 370 million yuan respectively. Total net profits are promised to reach 61 million yuan, 76 million yuan and 90 million yuan during 2016 and 2018 respectively. Longlin Network Technology is engaged in e-sports content and Kuaiping Network Technology is specialized in training e-sports anchor and brokers and operation business of e-sports web portals. In addition, the listed company will also raise supporting funds of 250 million yuan by issuing shares at a price of 18.32 yuan per share through private placement from its actual controller and Hangzhou Pulin Investment Management Co., Ltd.
TOP
○Strait Shipping to buy Xinhai Ferry Wharf at RMB1 bln
------
Hainan Strait Shipping Co., Ltd. (002320.SZ) plans to acquire 100 percent equity of Hainan Harbor ＆ Shipping Xinhai Ferry Wharf Co., Ltd. by issuing shares at a price of 12.94 yuan per share through private placement from its controlling shareholder and also raise supporting funds of 340 million yuan. After the deal is done, Strait Shipping will own assets of ro-ro passenger ship business and phase-1 wharf of new harbor through Xinhai Ferry Wharf, which is synergetic with the company's existing business.
○Zhongke Electric to acquire Shinzoom Technology at RMB488 mln
------
Hunan Zhongke Electric Co., Ltd. (300035.SZ) plans to buy 97.6547 percent equity of Hunan Shinzoom Technology Co., Ltd. at 488 million yuan, 195 million of which will be paid in cash and the rest of which will be paid through issuing shares at a price of 11.66 yuan per share. Shinzoom Technology, a NEEQ-listed company, is engaged in producing negative electrode materials of lithium battery and its two biggest clients are BYD Company Limited (002594.SZ) and Hangzhou First Pv Material Co., Ltd. (603806.SH). The former shareholder promises that net profit of the company after deduction of extraordinary gains and losses will not be less than 35 million yuan, 45 million yuan and 55 million yuan during 2016 and 2018 respectively.
○Yasha Decoration undertakes and finishes decoration projects related to G20 summit
------
Zhejiang Yasha Decoration Co., Ltd. (002375.SZ) undertakes decoration projects related to G20 summit. The project contract amount is 826 million yuan, accounting for 9.21 percent of the company's revenue in 2015. The projects have been finished and 677 million yuan of revenue has been carried forward. Confidentiality agreement terminates. The project of Hangzhou International Expo Center (the main meeting place of G20 summit) is the second largest individual building project in the world.
○Longjian Road＆Bridge and several firms won bidding of PPP projects
------
Longjian Road＆Bridge Co., Ltd. (600853.SH) won the bidding of Public-Private Partnership (PPP) project of landscape Suining city, Sichuan province. The total investment in this project is estimated to be 1 billion yuan. Besides, the company also won the bidding of PPP project of urban road construction of Yuncheng county, Shandong province with total investment of about 1.022 billion yuan. Yunnan Yuntou Ecology and Environment Technology Co., Ltd. (002200.SZ) won the bidding of PPP project of building Renli old town in Sunning with a total investment of 1.32 billion yuan.
Long Yuan Construction Group Co., Ltd. (600491.SH) becomes competitive negotiation supplier of PPP project of newly-built schools in 2016 in Linwei district, Weinan city, Shaanxi province. Initial investment amount of this project is estimated to be 1.046 billion yuan. The company also won the bidding of PPP project of ring road of Shangluo city, Shaanxi province. The total investment in the project posts 444 million yuan. Xinjiang Guotong Pipeline Co., Ltd. (002205.SZ) signed strategic cooperation framework agreement with Shigatse municipal government and the latter will partner with the company to invest in infrastructure project of Shigatse through PPP. The investment amount is about 5.85 billion yuan.
TOP
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