China Everbright Bank Shanghai Lu Yan Group and Huijin stock rights dispute

NetEase Financial August 2 News of Everbright Bank A-share IPO, began today in the national Beijing, Shanghai, Guangzhou, Shenzhen Four road show. Everbright Bank Shanghai First promotion by the underwriters CICC held.　　In response to the recent report on the dispute between Huijin and Everbright on the stake, the bank said Huijin is now a major shareholder of Everbright Bank, and Huijin will maintain its status as a major shareholder after the listing of Everbright Bank. Today's road show is in the CICC's Shanghai office, a number of brokers and fund companies sent people to participate in the promotion. In response to the recent report on the dispute between Huijin Company and Everbright Group on the stake of Everbright Bank, the Deputy Secretary of the party committee of Everbright Bank and the chief audit officer lined up today said that Huijin is now a major shareholder of Everbright Bank, and Huijin will maintain its status as a major shareholder after the listing of Everbright Bank.　　Huijin Company, representing state-owned commercial banks, is a common arrangement of state-controlled state-owned commercial banks, which is no different from other state-owned commercial banks. According to the State Council on the reform and reorganization of Everbright Group, Everbright Bank is an important part of Everbright Group.　　Huijin, as an important shareholder of Everbright Bank, exercises the function of the investor through the Board of Directors of the Bank and helps the bank to strengthen the construction of corporate governance.　　Huijin is now a major shareholder of Everbright Bank, and Huijin will maintain its status as a major shareholder after Everbright Bank's listing, he said. It is understood that some investors are concerned about China Everbright Bank 20 billion U.S. dollars in foreign exchange assets, in the exchange rate changes in the renminbi may exist risks.　　CICC said today in the promotion meeting, Everbright Bank board and management attaches great importance to avoid the equivalent of 20 billion yuan in the dollar exchange risk, the financial department in 2009 to complete all settlement work, in the future will not be due to the injection of foreign exchange losses. According to the latest report of Hunan Finance and securities, the forecast of Everbright Bank in 2010, 2011 and 2012 will achieve net profit of 10.194 billion yuan, 13.152 billion yuan and 17.302 billion yuan, corresponding to the diluted EPS is 0.25 yuan, 0.33 yuan and 0.43 yuan respectively. Xiang-Fortune Securities believes that the reasonable value range of Everbright Bank is around 2.73 yuan ~3.17 yuan.