[CV Morning Reading] Saudi Aramco completed a $12.4 billion transaction, and Gree pushed the largest employee stock ownership plan in history.
important news
1. The US-led consortium bought the Saudi Aramco oil pipeline with US$ 12.4 billion, and China and the United Arab Emirates participated.
China’s Silk Road Fund and the Hassana Investment Company controlled by the Saudi Arabian government set up a consortium to invest 12.4 billion US dollars in the Saudi Aramco oil pipeline. According to an e-mail statement, the consortium, led by American company EIG Global Energy Partners LLC, has completed the acquisition of 49% equity of Saudi Aramco Oil Pipeline Company. Other members of the consortium include Abu Dhabi sovereign wealth fund Mu Badala Investment Company and Samsung Asset Management Company. Abu Dhabi is the capital of the United Arab Emirates, and together with Saudi Arabia, it is a major member of the Organization of Petroleum Exporting Countries.
It is reported that this is the biggest transaction of Saudi Aramco since its record $29.4 billion initial public offering at the end of 2019. (Bloomberg)
2. Call a number of banks to adjust the deposit interest rate, and lower the interest rate for more than one year or as a whole.
It is reported that a number of banks have recently issued a notice to branches to adjust the authorized management of deposit interest rates. The self-discipline mechanism of market interest rate pricing has adjusted the quotation method of RMB deposit preferential interest rate. After the change of quotation method, the interest rate of deposits below one year has increased, while the one-year interest rate level has remained unchanged, and most deposit products above one year have to be lowered. It is understood that the bank’s large deposit certificates were suddenly snapped up on weekends. According to the analysis, as the interest rate curve of deposit products goes down, the yield of money funds and cash products may be affected to some extent. (Broker China)
3. Gree pushes the largest employee stock ownership plan in history: 12,000 people can buy stocks at a 50% discount.
On the evening of June 20th, Gree Electric announced the first phase of the employee stock ownership plan (draft). The total number of employees to participate in this employee stock ownership plan shall not exceed 12,000. The capital scale of the employee stock ownership plan shall not exceed 3 billion yuan. The employee stock ownership plan plans to buy the company’s repurchased shares at 27.68 yuan/share, and the purchase price is equal to 50% of the company’s recent average price of repurchased shares, which is 51% lower than the closing price of shares on Friday. Participants include Dong Jiangao and others. (China Fund News)
4. The first batch of 9 publicly offered REITs went public today, with the price limit of 30%.
The first batch of publicly-offered REITs sought after by 31.4 billion yuan will be officially listed on June 21st, and the market will pay attention to its ups and downs on the first day of listing, market activity and discount premium rate. According to the announcement of the first batch of public offering REITs, this kind of products set the price increase and decrease of 30% on the first day of listing and 10% on the first day of non-listing. However, due to the good quality, reasonable valuation and stable income expectation of the first batch of products, they were sought after by funds during the product issuance period. Many institutions and investors believe that there may be a high premium on the first day of listing, and investors are advised to pay more attention to the long-term investment value of products. (gelonghui)
5. Bitcoin fund holdings hit a four-month low.
According to CoinDesk, bitcoin fund holdings hit a four-month low. ByteTree data shows that on Friday, the holdings of closed-end funds in the United States and Canada and exchange-traded funds (ETFs) in Canada and Europe fell to 782,558 pieces (worth about $28.72 billion), the lowest level since February 25. In the past three days alone, the holdings have decreased by more than 15,000 pieces. (gelonghui)
6. Shanghai Lingang (600848, Guba) New Area Daohe Asset Allocation Fund was established, with an initial scale of 30 billion yuan.
Last week, the Daohe Asset Allocation Fund in Shanghai Lingang New Area was formally established, with the initial scale of 30 billion yuan. It was jointly initiated by the Management Committee of Lingang New Area of Shanghai Free Trade Zone and Shanghai Daohe Long-term Investment Management Co., Ltd., and mainly invested in integrated circuits, biomedicine, high-end manufacturing, artificial intelligence and other fields in Lingang New Area and the Yangtze River Delta region. (The Paper)
7. The domestic cement market demand continues to weaken, and the national average cement price continues to fall.
In mid-June, affected by multiple factors such as high temperature, rain and senior high school entrance examination, the domestic cement market demand continued to weaken, and the national average cement price continued to fall. The northern market is stable and small, while the southern market is generally down. The main areas of price reduction are still concentrated in East China and Central South China. Among them, Zhejiang, Guangdong, Shaanxi and other provinces lowered the cement price by 50 yuan/ton. (Securities Times)
A shares
1. Contemporary Amperex Technology Co., Limited (300750, stock bar) denied forcing employees to buy Tesla: there was no quality problem and there was no forced purchase.
A few days ago, it was reported on the Internet that since March, Contemporary Amperex Technology Co., Limited has ordered managers to purchase Model 3, and claimed that Tesla returned these models to Contemporary Amperex Technology Co., Limited because of battery problems. In this regard, the relevant person in charge of Contemporary Amperex Technology Co., Limited said in response, "About employees buying Tesla, the company encourages employees to buy electric vehicles at preferential prices in order to promote full electrification, not limited to Tesla, including most of the brands we supply." The person in charge also stressed that "(these cars) have no quality problems and there is no compulsory purchase." (Beijing News)
2. This week, the flood of 100 billion yuan will be lifted, and the market value of brokerage stocks exceeding 70 billion yuan will be lifted.
This week, 44 shares will be lifted. According to the latest closing price, the total market value of lifting the ban is 110.191 billion yuan. Among the 44 shares, CITIC Jiantou has the largest market value of lifting the ban, and 2.386 billion shares will be listed and circulated next week, mainly due to the initial offering of shares restricted by the original shareholders, with the market value of lifting the ban as high as 73.705 billion yuan. Ruike Laser (300747, Share Bar) has a market value of 9.767 billion yuan, which is close to 10 billion yuan. The released shares are restricted shares of the original shareholders. Judging from the proportion of the number of shares released from the ban to the total share capital, Lianying Laser, Ruike Laser, CITIC Jiantou and Zeda Yisheng are among the top. (gelonghui)
3. Nearly 80% of the banking stocks are facing the trend of breaking the net market.
Last week, the CSRC officially issued the IPO approval of Shanghai Rural Commercial Bank, which will become the 41st A-share listed bank and the 10th A-share listed rural commercial bank. Since the beginning of this year, the bank’s IPO has been accelerating. Qilu Bank officially landed on the Shanghai Stock Exchange on June 18, and Ruifeng Bank has also completed the issuance of new shares and entered the waiting list. It is worth noting that the overall differentiation of the banking sector is prominent. While the overall index of the banking industry outperforms the Shanghai and Shenzhen 300, 40% of the bank shares have fallen below the issue price. As of June 18th, among the 39 listed banks, 31 banks have a P/B ratio of less than 1 (that is, "breaking the net"), accounting for nearly 80%, 16 banks’ share prices have fallen below the issue price, and 7 banks’ current share prices have been discounted by more than 30% relative to the issue price. (Futu Niu Niu)
4. The Securities Regulatory Commission revised and issued the "Regulations on Prohibition of Securities Market", which will be implemented on July 19th.
The new regulations divide market entry into "identity entry" and "transaction entry". If the information disclosure is seriously illegal and causes adverse effects, it will be included in the situation that the identity class is banned from entering the market for life; The ban on trading markets is applicable to illegal acts that affect the order or fairness of securities trading in violation of regulations and have serious circumstances. The duration of the ban on trading shall not exceed 5 years.
5. Zhongxing Fungus Industry (002772, Share Bar) of Flammulina velutipes Company plans to purchase 100% equity of Shengjiao Wine Industry.
On the evening of June 20th, Zhongxing Fungus Industry announced that in order to promote the development of the company’s dual main businesses and thus increase new profit growth points, the company planned to acquire 100% equity of Guizhou Maotai (600519, Guba) Zhenshengjiao Liquor Co., Ltd. (hereinafter referred to as "Shengjiao Liquor Industry") in cash.
6. The dividend is 24.236 billion yuan, and Kweichow Moutai (600519) plans to distribute cash of 19.293 yuan per share.
Kweichow Moutai issued an announcement on the implementation of equity distribution in 2020, and it is planned to distribute a cash dividend of 192.93 yuan (including tax) for every 10 shares, with date of record on June 24th, ex-dividend date on June 25th and cash dividend distribution date on June 25th. (Oriental Fortune (300059, Guba) Network)
7. TCL Technology announced the repurchase of the company’s shares, with an estimated total amount of 600-700 million yuan.
TCL Technology announced that it will buy back the company’s shares in a centralized bidding transaction, and the total amount of repurchase is expected to be 600-700 million yuan. The repurchased shares will be used for employee stock ownership plans or equity incentives. According to the official introduction, through the current employee stock ownership plan, TCL Technology will establish a salary incentive system based on equity redemption.
Hong Kong/US stocks
1. The former president of Tesla has sold shares worth $274 million since June 10th.
According to a document submitted to the US Securities and Exchange Commission (SEC), Tesla executive and president Jerome? Jerome Guillen left his job on June 3rd this year. Since June 10th, he has sold about $274 million worth of stock after exercising stock options. (Snowball)
2. Decide to develop its own chip architecture. It is reported that Samsung is trying to hire former engineers from Apple and AMD.
Clien.net, a South Korean forum, reported that Samsung is in talks with former architecture engineers from Apple and AMD, with the ultimate goal of finalizing Samsung’s own customized chip architecture. It is reported that Samsung is talking with a former engineer who directed the development of Apple’s chip architecture. In addition, the whistleblower also said that the engineer asked to control the whole project and team, but did not disclose any other information or specific names. (IT house)
3. Naixue Tea Hong Kong IPO Win Exhibition temporarily recorded HK$ 81.5 billion, oversubscribed by 158 times.
Naixue’s tea IPO in Hong Kong was launched on Friday (18th). According to the data of several brokers, Naixue’s tea fair temporarily recorded HK$ 81.5 billion, which was oversubscribed by 158 times. Among them, Futu lent HK$ 19.37 billion, Yaocai lent HK$ 16.9 billion and Huili lent HK$ 13.3 billion. (Hong Kong Economic Times)
4. Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor: The market value of mainland enterprises listed in Hong Kong accounts for 80% of the total market value of Hong Kong stocks.
Carrie Lam Cheng Yuet-ngor said that at present, more than half of the companies listed on the Hong Kong Stock Exchange are mainland enterprises, accounting for about 80% of the total market value of the Hong Kong stock market. With the rapid development of emerging and innovative industries in recent years, the Hong Kong Stock Exchange has implemented a new listing system. So far, 50 emerging and innovative industry companies have been listed in Hong Kong according to this system, and the total amount of funds raised has exceeded HK$ 510 billion. (Sohu)
IPO
1. Peron Precision plans to do an IPO on the Growth Enterprise Market, and more than 90% of the shares are held by the family of the actual controller.
According to the official website of Shenzhen Stock Exchange, the IPO of Growth Enterprise Market of Bellon Precision Technology Co., Ltd. has been accepted. According to the prospectus, more than 90% of the equity of Bellon Precision is in the hands of the actual controllers Yang Jiong, Wang Yangyang and their relatives, and it has a strong family-owned enterprise label. In addition, from 2018 to 2020, the concentration of Bellon precision customers has increased year by year, of which more than 60% of revenue depends on the largest customer, Shunyu Optics.
2. Ruineng’s IPO failed. During the year, 111 companies withdrew their orders.
According to the latest news from the Shanghai Stock Exchange, the IPO of science and technology innovation board, a semi-conductor of Ruineng, has been terminated. According to the Shanghai Stock Exchange, due to the semi-director’s withdrawal of the application for listing or the sponsor’s withdrawal of sponsorship, it was decided to terminate its listing review according to Article 67 (2) of the Audit Rules. According to Wind’s statistics, as of June 20th, the number of companies that withdrew their orders during the year has exceeded 100, reaching 111, among which the GEM has the largest number of companies, with 62 companies, accounting for 55.86% of all companies that withdrew their orders. (beijing business today)