Not vested
i think Ajisen did the placement thru GS on Friday.
And the following was the analyst report from GS on April 6
DJ MARKET TALK: Goldman Starts Ajisen At Buy; HK$18.50 Target
1504 [Dow Jones] STOCK CALL: Goldman Sachs starts Ajisen (China) (0538.HK) at Buy and sets the target price at HK$18.50 (based on 35X FY10 P/E).
"China's restaurant market is under-penetrated compared with developed countries." The house expects a 30% net income CAGR during 2011-2013.
"Strong growth supported by both footage expansion and store earnings improvement provides a more solid foundation against its peers." Strategic alliance implies stable long-term footage expansion, as Ajisen has cooperated with more than 30 hypermarkets/department stores and it's now the preferred brand in these stores' new expansion plans.
The stock is up 6.8% at HK$16.08.
Source: Dow Jones Newswire