Monday, May 16, 2011

Light will increase this ban Bo Guangzhou country Fund when the current floating lo53es $ 27 million

Yesterday, ggec (002045, unit) announcements show that circulation of non-public offering of shares will be listed on the 17th.
Boshi Fund had spent more than a million involved in the issuance of the unit, floating losses of 27 million dollars so far, fate and the other four subscription object is similar to the floating losses in aggregate $ 64.53 million. Announcements show, this time lifting the limited number of shares to 21.88 million shares, accounting for the company's total share capital of 7.87%, listed circulation time is May 17. Participating companies will increase in 5 specific investors, public placement Fund only Boshi Fund subscription, the purchase price of the Fund last year to $ 16.8/unit has allocated a total 6.48 million, funds of $ 108.864 million. Guangzhou light May 13 's closing price was $ 12.61, than on the issue price has decreased by 24%. In other words, the present book floating Boshi Fund lost $ 27 million. Recommended reading · good regrets has Fund yuze
· fengji logic Investment Bank unit fund management fee or by performance received enhanced means base performance than pure means base electric branch homes break Wang yawei high playing new into mystery Guangzhou country light will increased lifted Bo Shi Fund floating losses Fund increased distribution food and wholesale retail private continuous five months run lost market national day Xin months site revealing three quarter layout opportunity information display, Guangzhou country light 2010 will increased 21.88 million unit raised funded 350 million Yuan into added 130,000 sets audio products technology project and expanded multimedia audio products export technology project, during total 24 home specific object participation purchase, which including meeting added rich Fund, and Huaxia Fund, and Yi fang da Fund, and industrial Fund, and Boshi Fund, and Xian international trust, and million joint securities, and sea pass securities (600,837, unit 's), and founder securities, and hongta securities, institutions investors
, Final price priority conditions, Boshi Fund, sing ping, Shanghai Tian Yu investment management company, Shenzhen huaqiang (000062, unit) investment company limited by guarantee and Zhongshan into investment company won.
Stimulation of increasing success message, secondary market channel of Guangzhou light shares jump on increased just 4 months share price up 21%, 21.2/unit of shares in its 2007 highs, after entering the third quarter of last year, up to now, however, decreased stock price shocks, the latest closing price of $ 12.61/unit, Trojan, or 41%. Share prices plunged and the current market decreased by about, also closely associated with the company fundamentals supporting weak. In 2010, although revenues continued to maintain steady growth of the company, but because of material costs, labour costs in the second half and the impact of RMB appreciation, product gross profit margin decline, net profit growth declines, after deduction of capital gains and losses of the company last year net profit of $ 95.47 million, fell 8.76%, below market expectations.
A quarter of the year, the company achieved revenues of 415.46 million Yuan, an increase of 47%, a net profit of $ 11.68 million, fell 67%. In addition are of concern, throughout 2010 Guangzhou light reduction of PRDFNO.1L.L.C shares of the company's second-largest shareholder, reduction of whole 7.38 million shares, resulting in under 15% per cent of its stake from the maximum, allowing companies no longer hold enterprises with foreign investment approval certificate.