Han's laser IPG selling equity to cash large amounts of cash
In the middle price of RMB, Yuan rate against the dollar October has 5 consecutive record high. Compared with early, middle price of RMB appreciation has reached 2.4%. The Bank for International Settlements (BIS) newly released September data indirectly advance the RMB's real effective exchange rate that trend. Data showed September index of real effective exchange rate of RMB was 117.4, up 0.3 point from the previous month, in August after a short fall, and rise again and reached record levels.
According to Han's laser 2012 annual report shows, the company's overseas business entity applying exchange rates of the main report project through December 31, 2012,: $ 100 = 628.55 Yuan. According to Treasury figures released by the society of Hong Kong on November 1 USD/CNY (Hong Kong) at the spot exchange rate fixing for 6.0874/97, namely $ 100 ≈ 608.74. Thus it can be seen, IPG owned by Han's laser 642,200 in the past 10 months (2012 ending book value of 269 million yuan) even if IPG shares does not fall, its book into RMB has been less about 8479199.92 Yuan. In contrast, for 269 million Yuan into fixed-term 1 year interest can be as high as about 8.877 million Yuan.