A big NVC OTC UBS holdings of nearly HK $62 million shopping spree

According to Hongkong, Ming Pao Finance reported in shareholder infighting NVC suspended over the month, but the battle for control of large shareholder and Chairman Wang Donglei Elec-Tech company founder Wu Changjiang, there is no end for like, but according to the central clearing system, NVC during the suspension, off-site warehouse activities are very frequent, with foreign Bank positions by more than 1%, or that investors are outside the shopping spree.

According to the central clearing system, NVC from August 13th suspended until yesterday, as many as 27 coupons for OTC banks rollover activities, including positions in recent days increased from 0.05% before trading surged to 1.11%, as before the suspension price of 1.77 yuan (HK $, the same below), the market value of NVC holdings UBS has reached nearly 62 million yuan. As for Goldman, Deutsche Bank, Citigroup, HSBC and other investment banking positions were decreased, which HSBC to NVC before the suspension of 205 million shares held by the original, accounting for 6.56% of the total number of shares, but in the end of a transaction, which sell about 33 million 120 thousand shares, the shareholding ratio fell to 5.52%.

The goods that the resumption of profit level off

Check the data, because in short selling ratio before the suspension of NVC is generally maintained at 5% below market estimates, the company suspended during the rollover or liquidation to the brokerage relationship without too much, plus the suspension of shares outside sell goods, the price at least 50% discount, so do not rule out the shareholders of investors or company. In the over-the-counter "swinger goods".

According to the current NVC shareholding structure, due to the two major institutional investors Saif and Schneider not have a position, even the news is both tend to large shareholders Wang Donglei camp, holding only about 10% of the Wu Changjiang theory at a disadvantage, however, has not named fund manager said, there are many small and medium-sized fund market, the OTC craze swept into the problem the company shares at par, because once the resumption of profit, even if the loss is not lost, "the value of Bo rate is very high.

In addition, the Hang Seng Index company announced yesterday, the NVC has been suspended for more than a month, it was removed from the Hang Seng Index, the Hang Seng Chinese generalized consumption mainland consumer goods manufacturing index, Hang Seng global composite index and hang seng index, effective September 29th.

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