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SHENYIN WANGUO (00218.HK)  -0.350 (-7.157%)   proposed to issue 265 million rights share on the basis of one rights share for two existing shares held at the issue price of $2.342 (representing a discount of 52% to the closing price on last Friday). The stock opened lower by 3% today and further sank below the 20MA ($4.65) to the trough of $4.5 (50MA). It is currently trading at $4.55, down 7%, with volume rising to 5.49 million shares.

Its peer FIRST SHANGHAI (00227.HK)  -0.070 (-4.516%)   also retreated 5.8% to $1.46. GUOTAI JUNAN I (01788.HK)  -0.260 (-4.514%)    Short selling $280.56K; Ratio 1.535%   shed 3.5% to $5.56. In addition, HAITONG INT'L (00665.HK)  -0.250 (-5.274%)    Short selling $402.10K; Ratio 2.875%   is last $4.5, down 5%. 

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