On the first trading day of the year of the tiger new year, 10 billion private iloh Investment announced that it had officially liberalized the subscription and addition of its products since February. Previously, the company announced the closing of the offer in July last year and reopened the offering after more than half a year. The company said that the market had entered a relatively reasonable valuation range.
Years ago, magic square quantification, Jinglin assets, Jiukun investment, Hanhe capital, Yong’an Guofu and other head private placements successively announced self purchase, with a total amount of 1.025 billion yuan. Now, private placements have announced the opening of subscription. Let’s have a look at the signal behind it.
iloh investment announces open subscription
said that the market has entered a relatively reasonable valuation range
On February 7, Yiluo investment, a 10 billion private placement institution, issued a “temporary opening of raising announcement”, saying that the company has officially released the subscription and addition of its products since February 2022.
Yiluo investment said that the company announced the suspension of subscription in July 2021. In the past six months, the market surged and fell, and experienced several shocks, avoiding the potential risks brought by high-level fund-raising. “After half a year’s adjustment, the market has entered a relatively reasonable valuation range. At the same time, the company has also strengthened the allocation of investment research team and made more preparations for future investment work.”
Iloh investment also said that the company will strive to continue to create good investment returns for investors in the future. Thank you for your continuous support and trust.
In fact, Yiluo investment once issued a closing announcement on July 2 last year. At that time, the company said, “with the further expansion of the company’s scale, in order to protect the interests of existing investors, after careful consideration, we decided to suspend the initial offering of new products from August 20, 2021, and the existing products will only accept redemption and no longer accept subscription.”
Iloh investment also said that since its establishment in 2011, adhering to the concept of value investment and standardized operation, the company has always been committed to creating stable and sustainable absolute returns for investors with small fluctuation risk. “The mountains are high and the water is far away, and the paperback is slow. The temporary deceleration is for a stronger attack. We will restart the collection at an appropriate time in the future.”
the first 10 billion private placement in Henan
once “Oolong” raised a card Cosco Shipping Development Company Limited(601866)
In the 10 billion private placement, Yiluo investment is relatively low-key. Its registration and office are not in the north and deep of the traditional private placement gathering place, but in Zhengzhou, Henan Province. It exceeded 10 billion in 2020 and became the first 10 billion private placement in Henan. At the same time, the company rarely has relevant media coverage.
According to the website information of the fund industry association, Henan Yiluo Investment Management Co., Ltd. was established on February 23, 2011 with a registered capital of 10.01 million yuan; The company completed the filing and registration of private placement manager on May 26, 2014. The organization type is private placement securities investment fund manager. At present, the company has 33 full-time employees and the management scale range is more than 10 billion yuan.
Fund gentleman looked at it. At present, there are 117 private equity fund products managed by Yiluo investment, mainly of stock strategy, including Junxing, central China, Lotte and other series. The latest recorded products are on October 14, 2021.
According to the information on the company’s official website, Xu ChuanHua, chairman of Yiluo investment, has 18 years of securities investment experience, experienced two complete rounds of bull and bear market transformation, rich practical experience and stable investment style. The investment philosophy of iloh investment is to obtain excess returns by controlling long positions, avoiding large risks and pursuing the superposition effect of returns. Investment strategies include asset allocation strategy, main stock investment strategy, hedging strategy, offline subscription of new shares for fixed income strategy, band trading thickening position income strategy.
According to Xu ChuanHua’s resume, he entered China Greatwall Securities Co.Ltd(002939) as the project manager of the marketing department in June 2007. He started his own business in February 2011 and founded Henan Yiluo Investment Management Co., Ltd. as the legal representative, chairman and managing director of the company.
It is worth noting that in August last year, 10 billion private iloh investment once attracted market attention due to suspected “Oolong” placards Cosco Shipping Development Company Limited(601866) . At that time Cosco Shipping Development Company Limited(601866) announced that on July 9, 2021, several private equity securities investment funds managed by Henan Yiluo increased their holdings of 7.6377 million A-Shares of the company through centralized bidding through securities trading, accounting for 0.0658% of the total share capital of the company. As of July 9, 2021, several private equity securities investments managed by Henan Yiluo held a total of 406 million A-Shares and 182 million H shares of the company, accounting for about 5.0607% of the total share capital of the company.
However, this placard is suspected of “Oolong” placards. The announcement said that after July 9, 2021, due to the operational errors of Henan Yiluo traders, the funds under their management still traded the company’s shares. As of the date of this announcement, each private equity securities investment fund managed by Henan Yiluo holds 404 million A-Shares and 182 million H shares of the company, accounting for about 5.0453% of the total share capital of the company.
According to the information disclosed in Cosco Shipping Development Company Limited(601866) last November, the four private equity funds of iloh investment, Lotte No. 1, Junan No. 12, iloh No. 9 and Huazhong No. 3, occupy four seats of its top ten shareholders, holding up to 150 million shares in total, with a market value of 468 million yuan.
years ago, many 10 billion private placement companies actively purchased
I believe that there will be a repair market after the A-share Festival
Just before the Spring Festival, iloh investment once expressed its view on January 28 that at present, the valuation of A-Shares has also fallen to a low position. The long Spring Festival holiday has led to a weak willingness to enter the market. In the future, the bottom of the current market policy has been proved. With the expected disclosure of the annual report, the risk has been gradually released after the valuation returns, After the Spring Festival, the spring market driven by stable policy growth may gradually open. “We believe that the current policy bottom of the market has come. We believe that there are still good structural opportunities after the market and sentiment bottom come out after the Spring Festival.”
In terms of investment direction, iloh investment said that it mainly focuses on Marine Containers, hydrogen energy, high-end equipment manufacturing, cold chain logistics equipment, marine engineering equipment, etc., and is dominated by undervalued industry leaders with strong performance certainty and continuous upward boom. Peripheral and geopolitical tensions have recently disturbed the global capital market. Global interest rate hikes and tightening expectations have led to the continued return of valuation of core track stocks in the market, which has been generally adjusted greatly. The fundamental data of China’s market is good, and the reverse hedging policy has been implemented one after another. The only thing the market lacks is confidence. However, the wait-and-see choice of funds before the holiday is also one of the weak factors in the market. At the same time, it can be observed that the real credit demand of the market is still significantly weak again since December. At present, it is not a problem of market liquidity, It is expected that the central bank will focus on dredging the credit transmission mechanism in the context of maintaining monetary easing.
“At present, under the fundamental logic of China’s policy underpinning and economic stability maintenance, we believe that the bottom of the market policy has come. With the recent A-share correction, foreign capital continues to flow actively, and the northward capital continues to increase the net purchase of A-share assets recently. The RMB exchange rate appreciates against the trend. Foreign capital continues to be optimistic about undervalued RMB assets, and there is little risk of sharp decline in the market as a whole.
According to historical experience, market decline is often a good time to adjust the warehouse layout of high-quality assets. At present, the “policy bottom” of the market has been realized, and the “steady growth” policy has started to work one after another, which is conducive to the repair of market risk appetite. It is expected that the market will stabilize after the Spring Festival. At that time, the Fed’s policy that has a great impact on global asset prices will gradually become clear. It is believed that after the Spring Festival, when the market and sentiment bottom come out, the superimposed annual report is expected to usher in the repair market. ” Iloh investment said.
The A-share confidence index of Rongzhi · China hedge fund managers released by private placement paipai.com in February was 117.70, up 0.24% month on month, indicating that managers are optimistic about the restless market in spring. The confidence index report pointed out that the position of private placement decreased in January, and the more significant is that the proportion of private placement in medium positions (5-80%) increased more, among which the proportion of private placement with positions in the range of more than 80% (excluding full positions) accounted for 51.69%; Private placement in the range of 50% to 80% (excluding) positions accounted for 37%. For the February market, 53% of fund managers are neutral and 45% of fund managers are optimistic.
From January 27 to 30, according to incomplete statistics of fund Jun, 10 private placements including magic square quantification, Jiukun investment, Jinglin assets, Yong’an Guofu assets, Hanhe capital, PanYao assets, Hefu investment, Hongshang assets, Qinmu assets, Linyuan investment and Lingjun investment successively announced self purchase, with a total amount of 1.025 billion yuan. It is understood that most of the above private placements are private placement managers with a scale of more than 10 billion. Some private placements say that the holding time of self purchase funds is no less than 3 years or 1 year, and the follow-up will continue to be added at the right time.
