insight into hanlong , page-22

Hi squiz.

Please read on.

Chinese Dragon Group has previously owned two listed companies,namely Golden Road Group (000510.SZ) and HTC shares (600331.SH).In the restricted shares lifted after the beginning in 2009,as the original HTC shares the second largest shareholder,Chinese Dragon Group,Sichuan Plain,Industrial Development Co,Ltd.Through the reduction of HTC shares 7831.22 million,cash amounting to about 827 million yuan.

Also from 2009.O'Hanlon Group,through its Industrial Development Co,Ltd (hereinafter referred to as "Chinese Dragon Holdings"),Golden Road Group holdings of shares in succession.
O'Hanlon who Jinlu Group Co,the largest shareholder.By the reduction of,Chinese Dragon Industries in early 2009 from Golden Road Group held 9.45% 4.55% down to the end,and from 4.55% in early 2010 to the end of last years reduction of 2.06%,the largest shareholder giving up grand Group.O'Hanlon Group,through the Golden Road Group,and several hundred million dollars cash.

O'Hanlon do obviously sell down their high holdings to make a profit in shares and cash.

Honga Group is also a hand to help Chinese Dragon Group.According to public information on,HTC shares were Liu Mosasaurs,the actual control is the Chinese Dragon Group Chairman of the Board's cousin Ambrose,Currently,HTC shares also being the largest shareholder holdings HTC shares of the shares.July 2,HTC announced that shares of the company's largest shareholder of Sichuan Honga Industrial Co,Ltd,following the June 29,after holdings of shares,on June 30 and the block trading system through Shanghai Stock Exchange,the cumulative holdings of shares 20million shares,representing 1.94% of total share capital.

However,these funds compared to the billions of dollars in total investment as the drop in the bucket.Hanlon in a press release issued yesterday,said the group had previously signed with China Export-Import Bank a sum of up to 15 million credit support agreement.Perhaps this is the greatest source of funding.

Skipping a bit,onto the last bit.

Compared to central and local state-owned enterprises,private enterprises in overseas resources acquisitions difficult to obtain bank loans.Sha Steel Group has convened more than a dozen medium-sized domestic private steel companies ready to form 50 million tons of steel production capacity of the private steel enterprises in the Commonwealth,and prepare to go overseas to buy mine,but because bank loans are not in place and other reasons have been unable to do so.

This was dated 19/07/2011.

So ends the second reading for the day.

Regards
Westcott.