Ann: Rocklands Financing Update, page-30

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malgmac

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22/12/14

12:35

Post #: 14496049
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Originally posted by shortchange ↑

What does all this really mean. Have to laugh at the Hoot and co the usual negativity and chip on the shoulders stuff. I also see the word dilution. What is dilution? CDU have only 235m shares where most Aussie companies are in the Billions of shares. Anything under 500m shares in an ASX listed company is now considered tight.

The real story as I see it: CDU is dual listing on the main primary board of Hong Kong Stock Exchange. The new shareholders released today is Haitong Securities, one of the largest Security Dealers in China with over 12,000 institutional and high next worth client in over 240 offices.
I think that this is the start of the new CDU with Oceanwide taking up $30m new shares, Minsheng Bank loaning $65m and probably more news to come.

Oceanwide is a massive privately owned company, who recently purchased Hutchison Harbour from Asia's richest man Li Ki Sheng for $4 Billion (see South China Post) and Minsheng a Global 500 company and with Haitong Securities with a listing on the primary board in HK this stock has now where to go but North in my opinion. As for dilution i dont think that there is enough stock out in CDU if 12,000 new clients come on Board from China.

As for Aussie Insto's, they dont really get a look in. I personally think that the investment by Aussie insto's is so small now that they dont rate anymore on a global market compared to the Asian market. They can now just go for the ride.

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Shortchange,

Here is the link to listing requirements in HK for both main board and GEMS. CDU do not meet a single requirement for main board listing and the exchange can waive or vary some of the requirements but not every single requirement.

https://www.hkex.com.hk/eng/listing/listreq_pro/listreq/equities.htm

CDU Price at posting: $1.33 Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Ann: Rocklands Financing Update, page-30

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