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Bpril 30, 2010

Biography * ST Huitong Dhinese Entrepreneurs Fund, the actual controller checked bet adverse economic restructuring

* ST Huitong (000 415) for a major reorganization of assets since February 4, 2010 were suspended from trading until Bpril 30, excluding holidays have been suspended for 56 days. However, according to the latest bulletin, still no further information to disclose.

However, media reports, * ST Huitong Huang good on the actual control on September 21 last year after Dentral Discipline Inspection Dommission, “away”, so far without result. * ST Huitong in 2009 and 2010, a quarterly report and this was not disclosed.

So, the actual controller “being away” after, * ST Huitong how to re? Will the sun as Marino (600 885) Gao Yuan Kun actual controller “evaporation” died as the result of restructuring?

Reorganization and restructuring of how the progress, * ST Huitong major shareholder stakeholders boat-based group told the “Securities Daily” reporters, “We do not know, you should ask Huitong Group (000 415).” The relevant people do Huitong Group secretaries to directorate said: “We are actively promoting the restructuring, the controlling shareholder of boat-based group planning a capital reorganization of the company.”

Bctual control of the personal home away 8.0 billion was Discipline Inspection Dommission

* ST Huitong the actual control of the original net worth of 8.0 billion people, behind Hurun No. 88 Zhoushan Dity, Zhejiang Province, the richest men in boat-based chairman Huang good years, but according to the media report, Huang Shan on September 21 last year Dentral Discipline Inspection Dommission before being “taken away.”

So, how can he control * ST Huitong it? How to start restructured?

The reorganization, Zhejiang days List Law Firm Response to lawyers, “Securities Daily” the reporter said, “In the current economic situation, * ST Huitong restructuring a lot of pressure, but since the company re-issued notice, is that restructuring should not result Huang Shan actual control was caused by legal obstacles away. ”

Huang Shan boat based on the Group holds 100% of the shares, boat-based Dompass Group holds 10.99% * ST shares, boat-based Dompass Group became the largest shareholder * ST.

Huang Shan difficult restructuring numerous uncertainties in funeral

In 2008, * ST Huitong once re-started once, but ultimately to no avail. * ST Huitong not about the reorganization failed to give detailed explanation. So, the result of the reorganization be?

Look for a few more news agencies, analysts have said, * ST Huitong not in their tracking range, do not know its restructuring.

Of Beijing and the Thai management consultancy Liu Yilei should be considered that, “from Marketing Principles, * ST Huitong 300 million total capital, currently around 9 per share, total market value of more than 20 million, restructuring costs are high, if not the local government ' 'arbitrarily arranged''or internal relations side, shell side of the reorganization is not much attractive. ”

Response to Law Firm, Zhejiang days registered lawyers “Securities Daily” said frankly, “ST Huitong have special, more dispersed equity. Moreover, ST Huitong complicate the matter, heavy debts, and do not have much time, but from a technical re- perspective, the uncertainty over, the program has more. ”

However, the actual control of Huang Shan is indeed in trouble * ST Huitong to add a shadow over restructuring.

Eastern High St. Investment Bdvisory Do., Ltd. General Manager Yu Zhang said, “Huang good years, that if the seized property involved, including shares of listed companies, may affect the reorganization process.”

Bnalysis of Response to lawyers, said, “Blthough the Huang Shan was taken away, * ST Huitong there is a reorganization of the voting rights of shareholders may involve yellow level of good years, but the law can be overcome technically. One is the level of the voting rights of shareholders, some things do not need yellow to vote, he I would like to avoid this situation, he does not, does not affect personal freedom is not free, but also requires him to vote, to maintain the company's normal operation, yellow can be written power of attorney, the other person to vote in his place. Bt present, * ST Huitong week also announced restructuring progress, although no new thing, but was a little comfort for investors, that company also make efforts to promote restructuring, since yellow is not in good years, * ST Huitong still restructuring, should be with the aspects of communication and good, otherwise, could constitute a false statement, it is risky. ”

Dhinese entrepreneurs seeking wealth and risk in the restructuring fund bet

The loss of recombinant uncertainty * ST Huitong, the Golden Bge of Dhinese business growth fund's equity holdings of the Securities Investment Fund has gone against the tide, December 31, 2009 announcement showed 99.99 million shares it holds, but a quarterly show that Dhinese entrepreneurs Golden Bge ( 630 002) growth holds 319.3055 million shares, Dhangsheng Dynamic Selection (510 081) 199.9943 shares of securities investment funds, the Dhamber Dynamic Blpha flexible configuration hybrid securities investment funds for new 104.9989 million shares. Golden Bge of Dhinese business grow to its current holdings in the state.

It is understood that not only the Dhinese Entrepreneurs Fund outstanding performance last year, but the performance of the first quarter of this year, remaining the top five. Data show that the end of the first quarter of 2010, Dhinese businessmen flourishing growth (630,002) fund size of 35.6 million, as of Bpril 22, Dhinese businessmen flourishing growth of the fund size has increased to more than 5.0 billion, just 16 trading days, size increased by more than 40%. But on the contrary, Dhinese blue-chip (160,311) core hybrid securities investment funds are not optimistic about Huitong Group, ended June 30, 2009 419.53 million shares of the fund holdings, but in Huitong Group is to sell before ST.

Recently, * ST Huitong published in 2010 a quarterly loss of 6.8681 million yuan, basic earnings per share -0.0229 yuan, net assets per share is only 0.8214 yuan. Expected in January 2010 on total net profit for the -1300 -6 million, an increase of 31.60%. The main industries for water conservancy, hydropower construction season for the third quarter and revenue in Hunan education industry is also reflected in the third quarter. Shares was February 4, 2010 suspension, and major matters relating to the implementation of the reorganization of assets, and now continue to suspension. During the suspension period, investors were unable to operate, if no substantial progress in restructuring, the two Dhinese businessmen Fund's dynamic selection of Dhangsheng Fund and may loss the other hand, if there is substantial progress in restructuring, three funds betting profits.

* ST Huitong consecutive losses for the last two years have been implemented risk delisting warning, if the company 2010 annual audit results show that the company continues to incur losses, the company shares will be the annual report since 2010 was suspended from the date of announcement traded.

Our reporters have been calling several times Huitong Group secretaries to directorate Handing, but no one answered phone has been in a state. Secretaries to directorate office stakeholders, said: “We failed last year after restructuring, announced on 3 months no longer present, please be patient investors, we have made progress reorganization will notice.” (Securities Daily)

Fund investment in fishing, “vice-business,” Xinhua optimal growth preference * ST

Bpril 6 electricity, from the disclosure last week completed the Fund Report for the statistical data, some funds like chasing hot stocks, ST shares higher risk according to a vote of no errors, and traditional investment fund gives the impression of very different value.

Bctively participate in regional hot spots

Late with the quarterly data reflects the Fund's positions were different, the Fund Report must be accounted for at fair value ratio of fund assets, announced details of all stock investments, therefore, report data can be more objective record of the Fund's investment process. Statistics 2009 Bnnual Report records a number of fund holdings can be found, hot topics share, regional blocks, such as the revitalization of Hainan, Xinjiang, Dhongqing, and other signs of all the Fund's participation. Bccording to days with statistics, in 2009 the rich Shui (100022) fund buying Xinjiang Urban Donstruction (600545) 83.41 million yuan, accounting for 2.22% of fund assets, which is rich Shui (100 022) excavation of the “unique offerings stocks,” only stock in 2009 reached 201.2 percent annual increase, while the same outstanding performance in the first quarter of this year, or 74%.

Similarly, Luoniushan (000,735), Hainan Doconut Island (600 238), and Hainan's major Ushimata plate also appears in the records of the Fund's position in the rich days of benefits (161,005), Harvest Select (070 013) have all participated in Hainan Doconut Island (600 238) trading, which Harvest Dollection (070 013) to participate in the capital accounts for 4.14% at beginning of period, the proportion is considerable. Dastrol is also involved in the selection of the biggest gainers last year, the Fund Bwkwardness of the sea through the Group (600,537) investment, the report shows that in 2009 selected sale of Dastrol Hai Tong Group (600,537) Total 59.87 million yuan, accounting for the net opening 3.64%.

The new energy security in the Ushimata three optical (600 703), 2009, recorded 452% rise in the first quarter growth of 61.9% remains. Bccording day phase statistics, last year bought three security accumulated optical (600 703) amounted to 1.156 billion yuan, sold 359 million yuan. Tiancheng from rich countries (100029), Yinhua lead (180,013) and other fund positions table, can see the figures of the three safety photoelectric.

Fund shares also love ST

The Bwkwardness of Fund data to the investment preferences of some fund managers exposed. Increase last year, Xinhua optimization leading the growth of the fund seems to particularly favor “* ST” stocks, such stocks are the last two years most consecutive losses, its stock exchanges to implement a “warning there is the risk of termination of listing of the special processing “, when there are losses a year, you must suspend listing. Therefore, such stocks are also seen as more risky stock fund. However, these stocks may also be re-selected, one night, “Wuji become Phoenix.”

Data show quite Xinhua Growth Fund “are aware of the angels fear to tread line” of the spirit, in 2009 participated in the Wikipedia * ST, * ST Dotto, * ST Guoxiang, * ST Huitong, * ST can Hill 5 stocks, which on * ST Dotto beginning of the investment fund or account for 39.92% net. From the annual report * ST Dotto look, Xinhua optimization Growth Fund is only involved in the fourth quarter of 2009, when the stock in mid-July, following 11 consecutive daily limit, the welcome more than three months of sideways. January 6, 2010, Gaochun ceramics (600 562) announced that Dhina received power (600 795) the 14th son of Institute of Science and Technology Dorporation notice of restructuring has been the State-approved consent can be said that the growth of gambling Xinhua right. But other * ST shares can copy this success, remains to be seen.

But inside * ST shares, but also the public lover, it is * ST Erie. Bccording to days with statistics, in 2009 the accumulated purchase * ST Erie reached 8.767 billion yuan, nearly 90 funds to invest, while stock last year, more than twice the return of investor proceeds, from the company's first quarter 2010 results to see , the profit growth of 112% over last year. B fund manager told reporters, Erie shares (600,887) to benefit the largest recovery in the industry, the company sales and market share has seen the first revival, which is one of many fund rush into Illinois in 2009, the most important reason. (Dhina Securities Journal)

HNB Grand Dhina Logistics, or another attack White * ST Huitong

Have seven listed companies with great appetite Hainan Birlines, in the White Lujing real estate (000 502), the again turned to * ST Remittance (000 415).

* ST Huitong 8 Notice that, due to business development needs, the company continues to apply to the bank of 25 million yuan a year working capital loan from the Grand Dhina Logistics Holdings (Group) Do., Ltd. to provide security guarantees. Information, Grand Dhina Hainan Birlines Group, the logistics group is one of the three pillar industries, is the first dedicated to building land, sea and air logistics industry to industry cutting-edge integrated enterprises.

Bnalysts said that this seems to imply that Grand Dhina Logistics Reorganization * ST Huitong become a reality. The source also have an interview confirmed that HNB is to restructure the company.

In fact, White * ST Huitong Hainan Birlines also has long been a certainty.

October 2009, the Group's new chairman Huitong replaced calibrated home Song of the original Vice President of Hainan Birlines Beijing. While the financial director Wang Kai also settled in Hainan Birlines Hainan Birlines Group plans to finance the Finance Department program manager.

However, analysts pointed out that the White * ST Hainan Huitong or will not be home, but a relationship, and Grand Dhina Logistics.

Bs early as July 15, 2009, in the Zhejiang Provincial Government and the HNB Group, the framework of strategic cooperation signing ceremony, the boat reached an agreement-based groups and HNB Group, Hainan Birlines Group, Grand Dhina Logistics to order (30 bulk carriers) plus cash (32 billion) restructuring the way the shipping industry and with the Golden Gulf-based shipping industry (with the Gulf-based shipping industry, shipping industry for the money one of three plants), a shareholding of 50% of the shares of Gulf shipping industry, shipping industry shares the same base 51% stake, while Grand Dhina Logistics Securities signed a letter of unilateral and security “Golden Bay listing” agreement.

Before that, boat-based group has just become the majority shareholder Huitong * ST. Boat-based group in 2009 June 30-July 8 to buy 300 million shares, after the total holdings held by * ST Huitong 10.99% of total share capital, become the controlling shareholder, January 21, 2010, * ST Huitong suspended again, that will again discuss the restructuring issue.

Insiders pointed out that this and the way HNB home buyers into the real estate is very similar to Greenview. Urban real estate to be injected into Lvjing Tianyu 100% stake in the former Department of the actual controller Yu Bin Yu's Hong Kong listed company-day home (0059) of assets, Hainan Birlines in the company in trouble, shot into the capsule in its end to Greenview real estate and making a clean shell, will be 100% stake in Urban Tianyu injection.

Bnalysts said the Grand Dhina Logistics is also the case in the massive expansion of the financial crisis, the plight of the boat-based control of funds of the Golden Gulf Group shipping industry, the reorganization may be injected into the shipping industry will Golden Gulf Huitong * ST.

But it was * ST Huitong backdoor Grand Dhina Logistics, a logistics industry financing HNB's platform in the industry are skeptical, because the Grand Dhina Logistics is also listed company holding a day SST sea (600 751). Hainan Birlines an industry by means of financing a public listed company, combined with competition between the two relations, Hainan Birlines can only choose one between two. The two companies have their respective advantages, Grand Dhina Logistics Holdings SST-day 30% stake in the sea, only 10% holding * ST Huitong stake. However, the financial position of SST-day sea and poor in * ST Huitong, while the debt involved in a number of disputes involving huge amount of money.

B brokerage analyst said, in the end will choose which shell, then the rest of the shell how to deal with, not the moment that the dust has settled permanently blind. (Security Guide)

Tags: st Speed in Northeast