China Sea Trust to reduce *st V-ti billion hedge fund Sell-off kicked off

12.62 Bucks! In the recent strong rally, *st vanadium and titanium (000629, close to 12.62 yuan) yesterday's closing price has been higher than the second cash option of 2.07 yuan. In fact, on December 21, 2010, when the *st of vanadium and titanium shares for the first time on the 10.55 yuan, the tens of billions of arbitrage funds in the lure of excess income, has begun its selling pace.　　Today (January 7) *st of vanadium and Titanium announced that December 21, 2010 to January 5, 2011, the Sino-Sea Trust through the two-tier market to reduce 73,574,926 shares, and said that the latter does not exclude continued reduction.　　Analysts pointed out that, with the *st of vanadium and titanium shares continued to rise, the price of more than 10.55 Yuan two times the right to cash options more and more high, the Sino-Sea Trust reduction has opened up the tens of billions of arbitrage funds selling shares prologue. China Sea Trust reduction of 73.57 million shares December 16, 2010, the suspension of the one-month-long *st of vanadium and titanium restructuring plan finally announced. Steel vanadium in Panzhihua iron and steel with its own related business assets and Angang has a 100% stake in the mining industry, Angang Hong Kong 100% stake in the 100% equity of the company to carry out asset replacement.　　So as to achieve Pangang steel vanadium main to iron ore mining, titanium concentrate purification, vanadium titanium products production and processing, vanadium titanium extension products research and development and application of business transformation.　　The above-mentioned heavy positive, *st vanadium and titanium broke through a few months of consolidation, pulling 5 consecutive trading, of which the December 21 share price of the first two times to break the right to choose the rights to 10.55 Yuan, and the day Trading board once opened, the daily turnover reached 3.407 billion yuan, a record amount of time.　　According to *st Vanadium Titanium April 27, 2009 released the second cash option distribution announcement, *ST vanadium and titanium will be the first time does not exercise the right to cash choice of Pangang steel vanadium shareholders to add a cash option right, the right time for the April 25, 2011 to April 29, 2011, the right price of 10.55 yuan/share.　　In fact, since the December 21 stock price breakthrough two times the price of cash options, the earlier period did not choose the first cash option shareholders have begun to sell shares movements. Today *st vanadium and Titanium Bulletin further reveals the phenomenon. The announcement said that *st vanadium and titanium second largest shareholder in the Sea Trust from December 21, 2010 to January 5, 2011 through the two-level market continued to reduce the company shares 73,574,926 shares, reducing the proportion of 1.28%.　　Among them, December 21 ~ 31st, the reduction of 63.9749 million shares, reduce the average price of 11.43 yuan/shares, than its two cash options per share higher than 0.88 yuan, January 4, 2011 ~ 5th, reduce 9.6 million shares, reduce the average value of 12.18 yuan/shares, more than two cash option prices higher than 1.63 yuan. China Sea Trust after the reduction has been locked in advance a part of the investment income, is currently holding 284,283,687 shares, accounting for 4.96% of the proportion of total equity, and the Sino-Sea trust that the next 12 months have continued to reduce *ST vanadium titanium stocksThe possibility of a ticket. The stock price is facing the test in fact, many financial products, trusts, financial companies, brokerages in April 2009, such as crazy influx of steel vanadium at Pangang, the ultimate goal is to increase the share of two years after the two cash options.　　From 2010 *st Vanadium and Titanium released three quarterly report, the top ten circulating shareholders in the relevant arbitrage institutional investors have 7, of which the Sino-Sea Trust shares up to 357.8586 million shares. In the *st Vanadium Titanium Reorganization plan, the two-tier market even pull 5, followed by a slight correction, and then in the major securities dealers vigorously touted and carry funds absolute control plate, since December 28, 2010, *st vanadium and titanium again appeared a wave of strong forced empty-style rise, Yesterday, the share price hit a new high of 12.71 yuan, rising 2.44%, the closing price of 12.62 Yuan, two times the cost of cash options 2.07 Yuan.　　Under the Arbitrage Fund height control plate, the stock price is strong and stable pattern. But the risks are not negligible, as the stock price is strong bullish, its price is higher than two times, and the above 7 institutions, as well as the top ten current shareholders of arbitrage funds held by the market value has been more than tens of billions of yuan, in excess of the lure of the trust, the preliminary reduction in the early period, It seems that the tens of billions of dollars of capital reduction has been kicked off, so strong short power siege, *st vanadium and titanium share price is bound to suffer a certain impact.