This looks to be a very successful and fast growing China equity fund....see a translated AGM speech from mid June. Reference to owning 10 mines, valued at about $1.7billion (my currency conversion).
Anyway what the fund may bring to MEO is yet to be seen, but enough for me to get back in, coming off suck a low base now.
Zuo Shanpan, Chairman's speeches at the staff meeting
On June 16, our staff based in Beijing held 26/f, 100 multipurpose Conference Center. Our Chairman Mr Zuo Shanpan, Zuo Qiangjun, General Manager, investment Department General Manager Wang, minerals Division Yu Yang, General Manager of departments to lead and staff participated in the Conference. The mobilization Conference held successfully, Herald the company's new journey begins.
Chairman Mr Zuo Shanpan speech at staff meetings, not only pointed out the way forward for the company's future development direction, but also greatly encouraged the staff morale and motivation.
First, review and experience sharing
Chairman, briefly reviews the current situation of the company and in this situation the company's achievements. Zuo Dong believes that each work is steadily progressing projects and products to market. Require all employees to grasp the following three directions: choosing the right platform, stick to your project integration, resources for the King to follow hongfu, promising! Meanwhile, Tung left with its own rich life experience and success stories, whispered, and development of great inspiration to all her future career.
Second, the general thinking and strategic deployment
Chairman says, the company now holds more than more than 10 mines, estimated worth up to 6 billion yuan. Hengfeng mining such as far-rich mineral, such as scarcity of quality resource projects in China, Korea, and Australia, Hong Kong, Shanghai and a number of listed companies signed a number of cooperation agreements. National policy on current colored energy of great importance and positive, is the company that currently has a significant opportunity, we cling on to it.
Zuo Dong suggested that the following general guiding principles and priorities of the company are: core products, seize market opportunities, the aggregate resources. First, build the core products. Grasp the current state policy directions, such as nonferrous metals and other scarce resources and achieve sustainable development. Company's key projects for the future 5: minerals Fund, securities investment funds, real estate funds, funds, short-term bond funds, such as the cultural industry. Securities Investment Fund is the largest future market opportunities, the company wants to put the most critical capacity, resource focusing on core strengths and competitiveness, hongfu formed its own characteristics, build hongfu brand and market awareness. Second, seize market opportunities. Encouraging national policies, grasp the opportunity, while standardizing, and constantly improve the risk management and control mechanisms. Third, the aggregated resources. Using the company's own projects, to build a secure and efficient funds management and control system.
Original
董事长左山盘先生在员工大会上的讲话
MEO Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
