Understanding the Market | CHINA EB LTD retraces over 15% after a cumulative increase of more than 37% in the previous two trading days
China Everbright Holdings has accumulated a 37% increase over the past two trading days, and this morning it once dropped over 15%. As of the time of writing, it has fallen 13.68%, trading at HKD 11.04, with a transaction volume of HKD 739 million. Public information shows that Everbright Holdings is a leader in China's private equity investment, with the company forming two main businesses: private asset management and proprietary capital investment. According to an article published on Everbright Holdings' official WeChat account in May 2016, its subsidiary Everbright Qingdao successfully invested in Shanghai Micro Electronics Equipment Co., Ltd. in April 2016, holding a 11.98% stake post-investment. Additionally, according to a research report by Cathay Securities, typical investment cases in recent years include Shengmei Semiconductor and Shanghai Micro Electronics. However, the institution cautioned in the report that the above companies are historical investment projects, and some projects may have exited. It is noteworthy that recent rumors regarding Shanghai Micro Electronics "backdoor listing" have resurfaced. It is reported that Shanghai Micro Electronics entered the listing guidance process in December 2017 and withdrew its IPO filing last October, encountering obstacles in the listing process. Previous reports indicated that some industry investors speculate that it may choose to go public via a backdoor listing to avoid significant flaws in the IPO process
According to the Zhitong Finance APP, China Everbright Holdings (00165) has accumulated a 37% increase over the past two trading days, but this morning it fell more than 15%. As of the time of writing, it has dropped 13.68%, trading at HKD 11.04, with a transaction volume of HKD 739 million.
Public information shows that Everbright Holdings is a leader in China's private equity investment, with two main businesses: private asset management and proprietary capital investment. According to an article published on Everbright Holdings' official WeChat account in May 2016, its subsidiary Everbright Qingdao successfully invested in Shanghai Micro Electronics Equipment Co., Ltd. in April 2016, holding a 11.98% stake post-investment. Additionally, according to a research report by Guotai Junan Securities, typical investment cases in recent years include Shengmei Semiconductor and Shanghai Micro Electronics. However, the institution cautioned in the report that the aforementioned companies are historical investment projects, and some projects may have exited.
It is worth noting that recent rumors regarding Shanghai Micro Electronics "backdoor listing" have resurfaced. It is reported that Shanghai Micro Electronics entered the listing guidance process in December 2017 and withdrew its IPO filing last October, encountering obstacles in the listing process. Previous reports indicated that some industry investors speculate that it may choose to go public via a backdoor listing to avoid significant flaws in the IPO process
