Top Ace Asset Management Ltd Lowers stake in China XD Plastics Co Ltd (CXDC)

China XD Plastics Co Ltd (CXDC) : Top Ace Asset Management Ltd reduced its stake in China XD Plastics Co Ltd by 20.0% during the most recent quarter end. The investment management company now holds a total of 800,000 shares of China XD Plastics Co Ltd which is valued at $2,728,000 after selling 200,000 shares in China XD Plastics Co Ltd , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.China XD Plastics Co Ltd makes up approximately 3.56% of Top Ace Asset Management Ltd’s portfolio.

China XD Plastics Co Ltd closed down -0.16 points or -4.69% at $3.25 with 7,066 shares getting traded on Monday. Post opening the session at $3.41, the shares hit an intraday low of $3.24 and an intraday high of $3.41 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Simplex Trading reduced its stake in CXDC by selling 5,266 shares or 95.07% in the most recent quarter. The Hedge Fund company now holds 273 shares of CXDC which is valued at $945.

China XD Plastics Company Limited (China XD) is a specialty chemical company engaged in the research development manufacture and sale of modified plastics primarily for automotive applications in China. Through the Company’s wholly owned subsidiary Heilongjiang Xinda Enterprise Group Company Limited (Xinda Group) China XD manufactures and sells modified plastics primarily for use in the fabrication of automobile parts and components and secondarily for applications in highspeed railway airplanes and ships. The Company’s products are organized into seven categories based on their physical characteristics: Modified polypropylene (PP) Modified acrylonitrile butadiene styrene (ABS) Modified PA Engineering Plastics Alloy Plastic Environmentally friendly plastics and Modified Plastic for Special Engineering.

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