Steel firm draws fund interest Van Shung Chong has transformed itself from a Hong Kong trader into a China industrial play, winning investor notice.

(From South China Morning Post)

Byline: Nichole Chan

Investors could be forgiven for not knowing the business of Van Shung Chong Holdings. Its small profits have put the company far below the radar screens of many players, even small-cap enthusiasts.

But a pair of fund managers - reportedly Value Partners and Barings, according to sources - have taken notice. The two fund managers have apparently bought shares in Van Shung Chong (which is a steel products distributor and processor, by the way) from majority shareholder Huge Top Industrial.

The interest in Van Shung Chong from the fund managers comes amid increasing bullishness toward industrial stocks, which are tipped to become the star performers in the second …