SHANGHAI, Aug 23, 2011 (SinoCast Daily Business Beat via COMTEX) -- Guotai Asset Management Co., Ltd., a leading fund management firm in China, bought 15 million shares in an additional offering by Zhongjin Gold Corporation  with CNY 375 million in capital.
A Guotai AMC announcement shows that nine of its funds gained 11.40 million Zhongjin Gold shares with an investment of CNY 285 million. In detail, the Guotai Jinma Stable Return Fund, the Guotai Jinying Growth Fund and the Guotai Jinding Value-Select Mixed Fund bought 3.60 million shares, 2 million shares and 1.50 million shares with CNY 89.89 million, CNY 49.94 million and CNY 37.46 million separately. Meanwhile, the Guotai Jinpeng Bluechip Value Fund and the Guotai Jin Tai Close-end Fund bought 1 million shares each on average with CNY 24.97 million.
In addition, non-public offering funds under Guotai Asset Management purchased 3.60 million shares in Zhongjin Gold with CNY 90 million.
Zhongjin Gold says in an announcement that champion funds in the first half of the year, the CSFMC Longyuan Industry Theme Stock Fund, the Huashang Leading Enterprise Fund and the Bosera Balanced Fund, also largely increased holdings in the company.
 

Source:menafn