Why credit suisse buy RED CHIP??
A china company, some value that we have ignored???
Credit Suisse emerges as substantial shareholder of China Automobile Parts
Wednesday, 27 May 2015
By: M. HAFIDZ MAHPAR
KUALA LUMPUR: Credit Suisse Group AG has emerged as a substantial shareholder of China Automobile Parts Holdings Ltd (CAP) with a 6.576% stake.
CAP told Bursa Malaysia on Thursday that the Zurich-based financial services group, through Credit Suisse Securities (Europe) Ltd, had bought the shares from the open market last week (from May 18 to 21).
On Friday, May 15, Australia-listed mining firm Siburan Resources Ltd (SBU) had entered into a RM60mil share swap deal with Guotai International Holdings Ltd, a major shareholder of Main Market-listed CAP. The proposed deal would see SBU taking a 16.67% stake in CAP, which makes vehicle chassis components.
CAP closed 0.5 sen lower at 45.5 sen on Thursday.
