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SWS Research Co. Ltd is a subsidiary of Shenwan Hongyuan Securities 99 East Nanjing Road, Shanghai | (8621 Utilities | Company Research Bringing China to the World 2018 年 1 月 9 日 增持 潜在剥离负担 Transfer of coverage HONGHUA GROUP LTD (196 HK) Market Data: 8 January, 2018 Financial summary and valuation Closing Price (HK$) 0.78