* ST Kama B mysterious buyers "float out" behind the scenes is Weichai?

The mysterious buyers who have taken *ST Kama B’s stake for a high price of 247 million yuan will soon “surface”. Yesterday, *ST Kama B issued a reminder announcement that Shanghai Quan Guan Investment Company captured 7.24% of the total share capital of state-owned legal person shares at a price of 247 million yuan.

Premium auction attracts attention

Kama’s announcement stated that on behalf of the People’s Court, China Merchants Huabo International Auction Co., Ltd. auctioned in Beijing on May 15th a total of 4637.1741 shares of state-owned legal person shares held by China Huayuan Group Co., Ltd., the company’s third largest shareholder, held by the company. Equity.

The reason why this auction is so concerned is because of its higher transaction price. It is reported that the evaluation value of the aforesaid equity target is only 73.8 million yuan, equivalent to approximately 1.6 yuan per share; and the total price of 247 million yuan is equivalent to up to 5.4 yuan per share, to the day the closing price of * ST Kema B is 0.502 US dollars per share (about RMB 3.5 is calculated as a premium of 150%.

It is understood that the shares of this auction originally belonged to China Huayuan Group Co., Ltd., the third largest shareholder of Kama. Since the outbreak of the crisis in Huayuan Group's capital chain in 2005, the Huarun Group has reorganized Huayuan. Since then, a number of equity assets held by Huayuan have entered judicial auction procedures. In April 2008, the equity of *ST Kama B held by Huayuan Group had been forced to auction more than 100 million shares at an auction price of 1.63 yuan per share, and China Hengtian Group was only 0.01 yuan higher than the auction price per share. The price successfully won the equity and became the largest shareholder of *ST Kama B.

"It is very likely that it is related to the integration of the industry. This price is not afraid of being involved in non-industrial capital." After the auction, there are industry analysts. It is reported that the stocks in this auction are all non-tradable shares and cannot be sold in the secondary market.

Mystery buyers are not showing up yet

However, what is surprising is that Shanghai Champion Investment Co., Ltd., which has cast such a "big deal," is not known. The reporter contacted Kema and the company’s secretary Dong Tong said: “We do not know the situation of this company. After contact, the other party only revealed the company name.”

The reporter inquires about the Shanghai Administration of Industry and Commerce and found that the company’s address is located in Room 113, Block 17, 152 Xiaodong Street, Qitang Town, Jiading District. However, as of press time, the reporter has not been able to contact the company's responsible person. In the public information, Shanghai Quanguan Investment Co., Ltd. only appeared as a taxpayer on the list of the “Tax Administrative Licensing Notice” of the Jiading District Bureau of the Shanghai Local Taxation Bureau.

The reporter consulted with a number of analysis agencies, and industry sources revealed that the behind-the-scenes push of this bid may be Weichai Power. However, when the reporter asked for verification from Weichai, a woman from Weichai’s securities department told reporters: “I don’t know about this, and everything is subject to the announcement.”

Guotai Junan researcher Zhang Xin analyzed that Weichai Power is one of the largest manufacturers of medium- and heavy-duty diesel engines with a displacement of 12 liters and above in China. The scale of semi-trailer tractors is the second largest in the industry, and the scale of production and sales of medium- and heavy-duty vehicles ranks within the industry. Fourth, the market share of key assembly parts such as gear transmissions has a relative monopoly advantage. According to the Kama official website, Kama ranks fourth in the domestic light truck industry and 12th in the China Card Industry, with total assets of 2.329 billion yuan.

If the Kema purchaser is indeed Weichai Power, the latter's purpose may lie in the development of a full range of automobile manufacturing groups through the Kama light truck business.

At present, Kama’s equity is relatively dispersed. The first major shareholder, Hengtian Group, holds 16.976%, and the second largest shareholder, Nanchang Industry Holding Group, holds 10%.