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Yaohua Pilkington Glass Managed Accounts Make CNY36mn Yield

Post Time:Apr 27,2009Classify:Company NewsView:279

The managed accounts of Shanghai Yaohua Pilkington Glass Company (SHSE: 600819) brought in CNY 36.22 million yields by the end of the first three months since trading on the Chinese stock market, in terms of its first-quarter and 2008 results.

The managed accounts entrusted to the management of two fund firms gained CNY 27.95 million profits on changes in fair value in January-March period. Nevertheless, the Shanghai traded company did not disclose how much the two accounts earned in the quarterly results.

Its 2008 report mirrored that the accounts achieved shining performance although the Shanghai Composite Index, the benchmark index on the Chinese stock market, tumbled by over 40 percent last year.

One account with initial capital of CNY 200 million entrusted to E Fund Management Company, a stock investment account, pulled in 807,000 incomes by the end of last year. The other one with initial capital of CNY 100 million commissioned to Bank of Communications Schroders Fund Management Company, a fixed-income products investment account, raked in CNY 7.47 million proceeds.

Source: Shanghai Yaohua Pilkington Glass Company Author: shangyi

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