Sino Grandness

Sino Grandness: Fidelity has emerged as a substantial shareholder in Sino Grandness, increasing their stakes from 4.6% to 5.2% (After some corporate changes between the holdings of their 2 investment arms in FIL and FMR) Not surprising, given that Sino’s impending spin-off is set to take place in 2014. Quite a lot of players vested in this counter, with Goldman through its convertible bonds, Alan Wang’s Asdew Acquisitions. The whole street is bullish on the counter with a consensus TP of $0.98.