129770871305937500_9Chen Xu was a critical moment of industrial and investment funds sold in the world, "fire", while the mail fund a lot of selling in, fire and ice situation in two days, took place in a recent issue of CSR (601766.SH) body. On March 8, the CSR started private placement issuance of purchase, to the issuance of $ 4.46/unit price issue 19.6.3 billion shares, total of raise 8.755 billion yuan. However, the CICC, Goldman Sachs Gao Hua securities, UBS, sea and other well-known investment banks involved in the underwriting of securities issuance, issue applications to 133 investors, but the successful purchase of only 8. Due to lack of purchase requirements, March 9, in the Southern Group and Société Générale global and China Merchants Fund and additionalUnder the purchase, this issue was completed. However, before and after the issuance of the March 5, South China Post core growth fund in the car's third-largest shareholder
tera gold, has sold approximately 26.61 million shares in the secondary market shares of CSR, March 5, the shares held by 15%. Here, the stock dropped from $ 4.98 to March 23 resumptionDisc price $ 4.54, approximation of the price of additional, or 8.84%. On March 21, the "Twelve-Five" obtained through integrated transport system planning, and CSR announcement made cumulative $ 3.48 billion of new orders, CSR share price is still hovering in positive 4.6 from top to bottom. "Fire brigade" members on March 8, shares in CSRAt 4.76 $/unit. "According to our offer, there are about 6% discount, we think it is reasonable. "E Fund (micro-blogging) told this newspaper. On March 6, the CSR and underwriters of CICC to 34, 16 securities companies, fund management companies 12 insurance institutional investors, as of March 5, 2012Top 20 shareholders of the company and of the preceding non-repeating 3 institutions and 68 other issuers and underwriters of expressed intention to subscribe send subscribe for invitations to institutional and individual investors. In this long list, many of them Chinese, harvest, chongyang, calm this class top public and private companies, there is also a younger, Hony such additional lovers.All seem very smooth. On March 8, the issuance of purchase price, in 13:00 to 4 hours, only 8 are valid purchase quotes, total purchase amount of $ 8.36 billion. Which, in addition to $ 6 billion purchase of the CSR group, National Council for Social Security Fund, China railway materials company, penghua Fund (micro-blogging),Anhui Province investment Group Holdings Limited, harvest Fund (micro-blogging), China machinery industry group company limited and e Fund the total purchase amount only to $ 2.36 billion, with words of listed companies is: "below the South outside the vehicle-oriented investor issue limit of 3 billion yuan. "Due to lack of purchasing, China South locomotive and CICC has launched additional purchaseProgram. There were 4 companies and participation, CSR group supplementary purchase 80 million Yuan, industrial Global Fund (micro-blogging) and China Merchants fund additional purchase, $ 170 million and $ 150 million, respectively. In addition, in the course of purchase and the additional purchase, Dacheng Fund (micro-blogging) purchase, $ 110 million equity investment fund partnership and Tianjin, Cheng Xi additional purchase of 5,000Million appear to be invalid purchase. "We quote, we purchase amounts may be less and so appear to be invalid. "Ultimately invalid purchase, according to a person in the institution. For additional purchase of industrial and investment funds in the world, some of the institutions involved in the issuance of murmurs. "Listed companies and dealers and we said initially purchase amounts not less than $ 300 million, whyTwo of their last purchase, so little? This clear violation of the minimum purchase requirement. "Said one person involved in the quotation of fund industry. Even if the CSR group, industrial and investment funds in the world involved in the "firing line" purchase, but ultimately the institution purchase has not yet reached gold in CSR and expects the amount of $ 3 billion. Industrial Global Fund take part in the "fire" interpretation is that China SouthernValuation is at the bottom of the car. Not in the face of the post on March 21
tera gold, Premier Wen Jiabao chaired the Executive meeting of the State Council, discussed by the "Twelve-Five" integrated transport system planning, which is the key sentence: "completed a number of major railway projects. "Guotai Junan securities analyst Wang Fan ye:" CSR EMU currently in hand when the orders areOrder of speed: 380 km/h, this year a new line in the opening lines of 250 km/h vehicle requirements, and speed of 250 km/h EMU bidding in the second half is expected to restart. "China South locomotive additional funds without exception to express high-speed rail stocks look good. However
tera power leveling, this does not mean that institutions are operating on the same. CSR announced this year 35th list of its top shareholders, mail in two funds, brand optimization, long Yuan in the South of the great wall industry topics, as well as CITIC Securities are in column one, but they are not involved in this issue. Journalists have access to mail two funds in 2011 annual report, at the end of 2011, post core growth in China South locomotive 190 million shares, for its first major holdings;Postal optimization holds the core unit in 82.98 million shares, is also its largest holdings. In the first two months of this year, two funds are the only about 13 million shares and reduction of CSR 22.98 million shares. In fact, when at the end of the third quarter last year, post core growth in China South locomotive is only held by 34.4714 million shares, that is, in the last quarter of 2011,The Fund generous "sweep goods" which reach more than 150 million shares. CSR share price in early October last year, post core growth in stake at this time period possible. On October 12, 2011, China South City sold for $ 434 million, up 5.15%, to November 3, stage high shares of CSR to the $ 5.85/unit whenSold for $ 448 million. Traces can be, in the mail at the beginning of 2012 to March period, always in the reduction of CSR. According to CSR announcement, on March 5, post core growth in float to 177 million shares, postal optimization of core holding for 60 million shares, respectively, their stake in late 2011 reduced 13 millionShares and 23 million shares. Reduction of mail does not stop there. On March 15, China Southern announce the issuance of the first list of top ten shareholders. Mail core grew to 151 million shares in holding the third-largest shareholder, 502 e Fund managed by the national social security fund portfolio holdings of 100 million shares is the fifth-largest shareholder, the National Council for Social Security Fund going 2 buy 800More than 0 shares for the second-largest shareholder, great wall brand selection Fund increased storage of more than 40 million shares as the fourth-largest shareholder. Of CSR on the issue during the March 5, cumulative post core growth fund sold China South locomotive up to 26 million shares, and core optimization and email disappears from the list of top ten shareholders of the Fund could not be informed of changes in its position. Between the big reduction, China Southern's shares dropped $ 4.98/unit from March 5 to March 15, close of $ 4.54/unit, or 8.84%. Mail fund investment and research departments in one Executive told this newspaper, was not involved in the issuance of CSR, is because the CSR for purchase, setting the limits of at least $ 300 million, in addition to the overall trend of high-speed rail industry unit,Is also known as the clear, limited period of 12 months for funds, uncertainty, risks. Mechanical researcher at another fund company in Beijing to express more directly, for gold and CSR to corporate roadshows, investment and research departments held CSR, earn up to 12 months and the market gain similar benefits, "If there really are,Or in the secondary market is more convenient, the discount rate is too low. "Source: SINA declared economic observation network: media this message is reprinted from Sina, SINA posted this article for the purpose of passing more information, does not mean to endorse their views or confirm the description. Article content is for informational purposes only and does not constitute investment advice. Investor operations accordingly, at your own risk.
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