China Hu An

China Hu An: TDR update. Company receives approval for TDR listing, will issue 120m TDRs, with 1 TDR = 1.25 shares. Proceeds from TDR listing to boost mnftrg of copper rods, a major raw mat’l of wire and cable pdts. Recall CIMB recently returned from a plant visit, expects China Hu An to be key beneficiary of heavy govt investment in power transmission infrastructure. Has Buy call with $0.64 target.