ZTE's second largest shareholder is determined to lose 20% in two months

Once in 2008 by the Zhejiang Yintai system to raise the market attention of ZTE Business (000715, closing price of 14.73 Yuan), recently encountered a large amount from the shareholders of the continuous reduction.　　The owner of the sale stake is not someone else, and it was the centralprosperityshopwellcapitallimited of the second largest shareholder of ZTE Business that Zhejiang Yintai raised the card when it was assumed to belong to the same parent company. Some analysts believe that two of shareholders to reduce the continuous reduction means that in Shenyang, Sasac is not interested in "the country into the people back" of the transfer of control, the choice will be in the hands of the stock to recover investment costs.　　At present, the central prosperity shopwellcapitallimited shareholding ratio has been sharply reduced from 26.3% in the semi-annual report to 6.34%. Second shareholder two months of urgent reduction 20% ZTE 18th announced that the company's second largest shareholder centralprosperityshopwellcapitallimited in the form of a large transaction on November 17, reducing the company shares 13.9 million shares,　　accounts for 4.98% of ZTE's total equity. This has been the shareholder's sixth time in two months of reduction. ZTE's previous announcement showed that the shareholder had been on a large trading platform since September 9 this year, with a sale of 56.153 million shares in the company's shares. The total cash amount of the second shareholder has exceeded $780 million by the published average price.　　Currently, Centralprosperityshopwellcapitallimited still holds 17.6771 million shares of ZTE Business, accounting for 6.34% of the company's total equity. The future or continued reduction for ZTE Business, Centralprosperityshopwellcapitallimited is a unique shareholder. ZTE Business and the main shareholder Citic Trust at the end of 2005, will be held by the 29.5% ZTE Commercial shares to the CITIC department store, after 2006, the company completed the share reform, Shenyang Zhongxing Commercial group and CITIC department stores respectively to 32.42% and 26.3% of the shareholding,　　The first and second largest shareholder of listed companies. In 2008, CITIC Group transferred 100% stake in Citic Department to Centralprosperity. ZTE's commercial advertising showed the company as a holding subsidiary of the Warburg Pincus Fund.　　And in November, the brand ZTE business of Zhejiang Yintai, its parent company, Yintai department store 24% Stake, is held by the Warburg Pincus Fund. Before the Zhejiang Silver Thai lifting, it is not denied that is optimistic about Shenyang local commercial department store market, so there are many outside the Yintai department will take the ZTE business platform to enter Shenyang's expectations. However, from the second half of last year, Zhejiang Yintai but began a substantial reduction in the 2005, and CiticThe new era of China, which has been holding shares in the Citic Trust, has also followed the bank's move to clear its stake earlier this year. In this regard, Everbright Securities analyst Tang Jia that the two shareholder move shows that in Shenyang Sasac is not interested in the "DPP" of the transfer of control, as the role of financial investors can not quickly obtain investment returns, the choice of accelerated return investment costs. and two shareholders in the announcement that the remaining 6.34% of the shares will continue to reduce, will be the overall situation of the securities market, ZTE's own stock prices and other factors to decide.