Deep vibration industry's holding power to compete for state-owned bureau, Treasure can or lose-lose

The last 10 trading days the highest increase of nearly 70%, deep vibration industry A (000006) has undoubtedly become one of the most concerned companies in the recent two cities, and even once led to the collective strength of Shenzhen local stocks. The announcement of the listed company shows the two big pushing hands behind the deep vibration industry: Shenzhen State-owned bureau and Treasure Energy Department.　　The media have even described the two pushing hands with a holding power contest, although many in the industry interviewed said it was questionable.　　BEIJING a private equity personage thinks, the deep vibration industry recent rally has caused it to lose the safety margin, if investors really like real estate stocks, may wish to be thrown after the high to find a more secure margin of the company. Two pushing hands, July 20, deep vibration industry released simple statement of rights and interests, announced that, from June 18 to July 15, Shenzhen Industrial Development Co., Ltd. accumulated buy deep vibration industry 19.79 million shares, sell 20,000 shares; Shenzhen Investment Development Co., Ltd. buy deep vibration industry 18.3 million shares, sell 20,000 shares.　　Tai Shing Wah Industrial and silver-pass investment in the deep vibration industry, a total of about 38.09 million shares, accounting for deep vibration industry a total share capital of 5%, has ranked deep vibration industry's second largest shareholder.　　Someone's holding up the deck!　　It is understood that the giant Shing Wah Industrial is Shenzhen Bao can subordinate wholly-owned subsidiary, while the natural person Yiu Zhenhua 100% Holdings Shenzhen Bao can, the investment is Yiu Zhenhua brother Yiao Jianhui 100% shareholding.　　So the media call it a treasure. Interestingly, the first reaction is the hot money in Jiangsu and Zhejiang, July 20, the deep vibration industry issued the first announcement of the day, its shares to the trading bulletin. According to SSE trading information disclosure, in the day of Billboard, Citic Gold Qualcomm's three sales department Qi Qi List, ranked the top three in the day, the cumulative purchase amount of up to 44.1775 million yuan.　　Among them, Citic Jin Tong Hangzhou Yan ' An securities business department, Shanghai Huaihai Road Securities Business Department, Yiwu Chemical Road Securities Business Department Three sales department of the purchase amount is 19.2335 million yuan, 13.0665 million yuan, 11.8775 million yuan, and the corresponding sale amount is only 1.0308 million yuan. The next few trading days, deep vibration industry up to 50% of the maximum, in addition to hot money, who is in the buy? July 28, the answer to the initial announcement. The same day deep vibration industry issued a notice, Shenzhen State-owned Bureau and the concerted action of Shenzhen far to invest companies in July 23, 26th and 27th cumulative buy 31.73 million shares, the total shareholding ratio rose to 26.25%.　　In accordance with the average price of overweight, the increase in the cost of more than 230 million yuan.　　The announcement also shows that the huge Shing Wah Industrial and silver investment in the July 23 to 27th cumulative buy deep vibration industry A1783 million shares, plus upfront buying volume, the total shareholding ratio has reached 7.34%.　　It turns out that these two big push hands are buying. Things are not finished, July 28, treasure can be the main position of Guotai Shenzhen Duang Ganglu Sales department again appeared in the Buy list, buy deep vibration industry a A-share 16.1609 million yuan. On the basis of the average selling price of $8.56 per day,Treasure can be overweight on the day up to 1.888 million shares.　　July 30, deep vibration industry again announced that Shenzhen State-owned Bureau and the concerted action of Shenzhen far to invest companies on July 28, 29th again buy 6.2 million shares of the company, the total shareholding ratio rose to 27.06%. Shenzhen state Capital Bureau also said that in the future will be based on the overall situation of the securities market and the company's operating and development status and its stock price situation to decide whether to continue to increase holdings of deep vibration industry.　　Will not dispose of existing shares for the next 12 months.　　The so-called "holding power dispute" appears white-hot.　　Why the Secret Service? "What we have disclosed in the bulletin is a simple investment, a business act based on asset allocation."　　"The treasure can be related personage expresses.　　and close to the state-funded Bureau of the people said that the state-funded bureau to increase its holdings to show its maintenance of deep vibration industry a state-controlled status of determination, do not rule out the possibility of further overweight. Huatai Joint analyst Fish Jinhuagong think, treasure can raise brand deep vibration industry is the real intention is both offensive and defensive, or twofold. If the company to raise the brand and the deep vibration industry share price rise, the company can take the advantage of being a financial investor. Of course, since the current regulations require that the shares will be held for at least half a year before they can be sold, the move at least shows that the company is very bullish on the quality of assets, financial performance and long-term stock performance in the deep vibration industry.　　On the other hand, if the deep vibration industry shares did not rise as a result of the company to raise the card, Bao can still continue to increase the depth of the vibration industry, in order to seek the ultimate controlling power. Fish Jinhuagong says treasure can choose the deep vibration industry, and deep vibration industry share ratio is more dispersed, the actual control of Shenzhen state-owned bureau holding only 22% of the equity, the company's equity in a highly decentralized state, while the quality of assets more healthy and transparent, the company is a good potential acquisition of the object. From the valuation point of view, the company 3.3 million square meters of land, before the market capitalisation of only 4.4 billion yuan, which may be attracted to the treasure can choose to enter the price at the time of the more critical factors.　　But the fish Jinhuagong also admits that from the PE and nav point of view, the company's share price and the industry average is not particularly undervalued. "In the A-share market, it is difficult to buy, not to buy, to engage in malicious takeovers, not in a very strong background or in collusion," said one investment banker who has studied the merger of listed companies for many years. Now the total market value is below 1 billion, the controlling shareholder holding less than 20% of the abound, deep vibration industry is not a good acquisition object. In addition, the treasure can be a private enterprise, deep vibration industry's controlling shareholder is Shenzhen State-funded bureau, China since ancient times, people do not have the tradition of fighting with the government, treasure can be based on what to fight with the state-funded bureau? And the state-funded Bureau of the response is also very strange, Bao can buy 5% of the equity in the state Bureau after the 22% and 17% of the gap, in accordance with the current 2% will be announced once the provisions of the acquisition to 22% to announce at least 8 times, then its cost is much higher ah, the state-funded bureau has a lot of time to deal with, There is absolutely no need to be so hurried overweight. The last is to see who benefits, now it seems, because it takes six months or a year to sell, treasure can beand state-owned bureau are not winners, the stock price jumped 70%, in addition to the hot money, who ran? These are questionable. "It is understood that as early as 2003, the Department of Treasure can begin to enter deep industry group's deep industry logistics group shareholder seats, and deep industry Group is a wholly-owned subsidiary of Shenzhen State-owned bureau, since then, Bao can be the company's continued increase in the deep industry logistics group shareholding ratio, about 2007 years, deep Industry logistics group is Bao can be a wholly-owned holdings.　　Obviously, the department and Shenzhen state-funded bureau was formerly known. A private-equity person in Beijing thinks, "Sang, Yuwengdeli" is in dispute, when they have finished the fisherman will have nothing.