Also shared, FWIW, a review of some info on 19.4% holder Shanshan;
It has definitely been cashing up.
- It just flagged a MAJOR (74-79% reduction) in annual profit is pending - down to between 239 million yuan (Aus$51.161M) to 285 million yuan ( Aus$61M) [ source here].
- During the year it sold approximately AUS$185M worth of shares in Ningbo bank
- It also sold a clothing arm to VIP shop for AUS$600M in July [Links here]
- Just sold down (to under 20%) its holding in public company Shanshan Brands on Feb 2, 2020 for about AUS$35M
( https://hotcopper.com.au/posts/42742564/single)
(http://www.sjfzxm.com/global/en/523818.html)
..... and during the year bought 19.4% of Altura with some of its proceeds ? ($22+M? )
For more on Shanshan (including carbonate requirements) please search the inimitable @Sungar ‘s excellent posts ( and thank you, Sungar wherever you once again are for all of your shared research ! )
...Here’s the last direct interview posted on leader Zheng Yonggang’s intent
Sungar post 10/08/19
And also comment from James Brown’s Finance News Interview 06/11/2019
James Brown: Recently, we welcomed Ningbo Shanshan as our largest shareholder in Altura at 19.4%.
Shanshan is the largest global anode and cathode producer and certainly in the top four of electrolyte producers, so having them come on board with a fairly senior holding the register, they hold a board position, so obviously we've got intelligence and alignment with which was happening in the downstream battery industry is very reassuring to all shareholders in Altura.
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