Monday, June 13, 2011

Sea 150 million for the Fund of Tag Heuer threw Chinese science and technology in the break of additional share or save opportunities

Each laborers by reporter Li Xinjiang from Beijing science and technology (000988, unit) (000988, closing $ 19.03) yesterday (June 7) announcements show that 6 institutional investors participated in the non-public offering of shares of the company.
Its issue price of $ 20/unit, compared to release price $ 14.44/premium near 40%, in the sea and spend $ 150 million have been allocated 7.5 million shares of the Fund. By the influence of recent SEO frequently break, fund companies in the inquiry quoted in relatively conservative, China became the only company offer more than the issue price of the Fund and from the rights issue of fund companies.
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In addition, the jiamusi prosperity capital investment limited, CITIC joint venture company limited and China's foreign economic trade trust company 5 institutional investors, such as the remaining more than 30 million shares, Subscribe to the largest number of jiamusi prosperity be allocated 10 million shares of capital investment limited. Compared with previously identified issue basic prices, the actual price premium of about 40%. According to the Chinese science and technology directed the implementation of the plan of additional rights issue base price is $ 14.54/unit, after the May 9 distribution of dividends, price was increased to $ 14.44 modified/unit.
On June 3 and June 7, Chinese laborers technology destination country respectively in $ 18.62/unit and $/unit. At the same time to the Chinese laborers technology throws olive branch, Invesco great wall Fund, industrial global investment Fund (340,006, Fund) funds and Boshi Fund, because this directional add-issuance of the quotation below issue price failed.
Lowest Boshi Fund quote 16.1/shares, and sea funds the maximum price difference of about $ 4, the show is currently facing directional add-issuance differences among fund companies larger. Fund market investments at the company level, frequently break recently had seemed relatively conservative in the operation, while previously many fund companies often reported high prices in the additional quote.
Relevant statistics show that since the beginning of this year more than more than 70 companies have implemented private placement, as of this date near 40% break, making sea Fund in such a move is worth pondering. Break after the issuance of shares opportunities looming sea Fund was on the non-public offering "well intentioned".
At the inquiry stage, sea Fund quote $ 20 in/subscription of 7.5 million units, at the same time offer $ 18.2/buy $ 8.2 million units, 16.2/subscription $ 9.2 million units, seems to be "determined to have". In accordance with the provisions, of 6 institutional investors have been allocated shares will be listed on June 8 set, lock period is 12 months.
If the $ 19.03/share's closing price yesterday, book floating sea fund losses of more than 7 million Yuan.
Some brokerages in the eyes of those surveyed, sea Fund throw this Tag Heuer to participate in international science and technology in non-public offering is based on a hotspot in advance of the concept of centralized capture.
Chinese laborers technology disclosure information is displayed, the raised funds will be mainly used for triple-play and 3G core industrialization of optical devices, new laser holographic anti-counterfeiting packaging materials industrialization and new industrialization of heat sensitive functional ceramic devices, and these are concepts most hot speculation in the market. At the same time, many have begun to focus on the issue of institutional investor and research unit after the break opportunity. The daily news reporter learned that, many brokerages studies frequently show his face in the near future, expressed concern about the unit break chaodie after rounds of additional opportunities.
According to the Swiss private equity study center of sunshine-rich statistics, 2009 participation yields on private placement of 79.27% 2010 this data is still up to 47.04%. These brokerages have pointed out that, generally have a certain amount of restructuring of the private placement, or high yield projects, as the market gradually warmed up, after the issuance of the share prices are expected to have better performance.

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