Friday, April 15, 2011 10:30:43 AM
In the report, Global Hunter Securities states, "The company announced this morning that it has signed what it calls a “strategic cooperation agreement” with China Construction Bank which will provide credit access up to RMB 10B (~$150MM) in growth capital. In our view, today's announcement greatly reduces the risk of any further near-term dilution and serves as another material form of institutional sponsorship."
Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/04/1007102/global-hunter-securities-upgrades-zhongpin-to-accumulate#ixzz1JbOh0Nvj
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