Mianyang Industrial Fund Small trial pioneering board to seize the Sheng Yun machinery will

The largest domestic renminbi fund-Mianyang Industrial Fund for the first time in the Gem Flash. This Friday, Anhui Sheng Yun Machinery Co., Ltd. IPO, Mianyang Industrial fund holds the 10.46% stake in the first issue.　　"Lucky" is also in the limited partnership status of the Mianyang fund soon after the partnership, venture capital was allowed to open a securities account, lifting the risk of exit path. Shengyun Machinery main conveying machinery products and environmental protection equipment product development, production and sales, the proposed issue of 32 million shares, after the issuance of the total share capital of 128 million shares, raise capital of 177 million yuan into an annual output of 60,000 meters belt conveyor, such as 2 projects.　　The shareholder includes the national investment Gao Ke, the daxin Science and technology, the fusion and so on many investor organizations. The Mianyang fund, which is the third largest shareholder, is one of the most "shiny" shareholders. Data show that Mianyang fund was established in December 2008 as a limited partnership, its general partners and executive Partners for CITIC Securities holding subsidiary-CITIC Industrial Investment fund Management Co., Ltd., limited partners including the National Social Security Fund, CITIC Securities, China Bank investment and other institutional investors,　　and Ya-GE, a group of listed companies and well-known enterprises. Earlier this year, the Citic Industrial Fund announced the completion of the Mianyang fund, raising the scale of up to 9 billion yuan, become the largest renminbi fund.　　It is reported that the fund mainly invests in finance, consumption, energy materials and machinery manufacturing four areas, has invested projects including mountain rice wine, million information and so on. In fact, the Mianyang fund is the latest Shengyun machinery shareholders. June 2009, the Mianyang fund invested 39 million yuan, 3.90 yuan per share of the price subscribed to the Sheng Yun machinery 10 million shares, boarded the "last bus."　　Even more fortunate is that the Mianyang fund to take stakes in Sheng Yun Machinery soon after the SFC to the "Securities Registration and settlement management measures" some of the provisions of the amendment, allowing the partnership to open a securities account, a venture to exit the way suddenly enlightened. Jin Huiyu Ventures with limited partnerships do not have such a good "luck". January 2008, Jin Huiyu 3.12 yuan per share of the price, the contribution of 27.6 million yuan by the Sheng Yun machinery 8.8462 million shares. But since the partnership exit policy was not clear, in August 2008,　　Jin Huiyu will be 6 million shares per share of the price of 3.50 yuan, a total of 21 million yuan transfer to the fusion; at the end of 2008, the remaining 2.8462 million shares to 3.12 yuan per share price, the value of 8.88 million yuan transfer to the actual control of Jin Huiyu Lin Yinping. From the stock price, the Mianyang fund investment is quite cost-effective. 2009, Shengyun Machinery to achieve ownership of the parent company's shareholders net profit of 48.5934 million yuan, the basic earnings per share of 0.55 yuan, 3.9 yuan of the shares of the price is equivalent to 7 times times P/E. Once the Sheng Yun Machinery was successfully listed, it was conservatively estimated that its investment return was more than 4 times times.