Jardine Strategic / Zhongsheng

Jardine Strategic / Zhongsheng: Deutsche says, the up to HK$5.6b (US$772m ) investment that Singapore conglomerate Jardine Strategic will make in Chinese motor-vehicle dealer Zhongsheng (0881.HK) will dilute Zhongsheng's FY14 EPS by up to 18%. Investors are unconcerned, however, sending Zhongsheng stock up 12% to lead Hong Kong gainers. That is perhaps for good reason. Deutsche Bank also calls the deal a "strategic positive" for Zhongsheng--citing Jardine's background running dealerships in Asia and the ability for Zhongsheng to use the funds to reduce debt.