Huabao Chairman two-degree urgent to lighten foreign funds escort for the same

Check out the latest quotes April 15, the company engaged in the consumption of tobacco flavors and fragrances business of Warburg International, the stock price in the month before the 52-week high of 10.78 Hong Kong dollar, again see its major shareholder and chairman of the Zhu Linyao high-level reduction move.　　The latter, in Monday (April 12), reduced its shares of 204 million shares, the market value of the shares is more than HK $2 billion, and the shareholding was dropped from 50.74% to 44.24%, thereby abandoning the absolute holding position. In fact, Zhu Linyao's intention has already been revealed, it was in October 09 months ago by placing the way to reduce the 150 million shares of Warburg, raising nearly 1.2 billion Hong Kong dollar, thus reducing the shareholding to 1.592 billion shares, the proportion of shareholding to 51.28%.　　The interest of the shares in the listed companies was diluted to 50.99% at the beginning of this year, and no Zhu was sought.　　Just a coincidence is that Zhu Linyao in the above stage thrown out of the plan before and after, the foreign funds Fidelity (FMR) and Wellington (Wellington) will be issued an increase in instructions to reverse operation with the Zhu of the set. For example, on October 7, 09 (that is, Zhu to reduce the 150 million shares of the day), Wellington on a change in July was just a big hand to sell more than 100 million shares of Warburg, the two consecutive days to spend nearly 700 million of the backhand total bought about 86 million shares of Warburg.　　Fidelity also in the next six months time to declare the collection of treasure chips, the total won nearly 100 million shares of Warburg, spent more than 100 million U.S. dollars.　　And in Zhu Linyao this week once again big hand to lighten the stock of the first day of the day, Fidelity and Wellington figure and together appeared in the buyer sequence, each swallowed nearly 75 million shares and 84 million shares of treasure chips, so that the ratio of both the shareholding to 10.51% and 7.79%. It is tempting to speculate as to why the two foreign funds are still so keen to receive goods at the present high level. is extremely optimistic about the development prospects of Warburg? Because the flavor and fragrance has the characteristic of high stability, it is not affected by the economic cycle, but the Chinese flavor and fragrance industry is still in the early stage, the industry concentration is low, the development space is very broad. Or for the gradual Zhu Linyao to escort, to avoid the price of pressure and frustration? (Zhu two degrees of reduction after the next day's share price fell only about 5%). Or to prepare for the subsequent arrival of the outside capital?