LTH has steadily been increasing its stake in Hua-An, whose principal business is the production and soale of metal-lurgical coke and its by products, which are used to make steel. Its business operations are entirely carried out in China.
Its stake now stood at 5.54%.
With Huaan representing a good proxy to China’s growth story, in addition to the stock’s undemanding valuations, LTH’s accumulation of its shares could yield promising returns. Only time will tell whether LTH fund will continue to be a substantial shareholder over the long term.
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Sino Hua-An ... May 09
HuaAn .. July 2008
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