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"Yang" Has Fallen Into The Market, And Shoe Companies Are Pleased To List Or Hold On Indefinitely.

2008/7/23 17:33:00 19

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"Yang" Has Fallen Into The Market And Shoe Companies Are Pleased To List Or Hold On Indefinitely.

It's hard to list.

"Yesterday, a Hongkong finance company specializing in some mainland listed brands as financial advisers revealed that yesterday, due to problems in financial data, the listing of hitlung could be shelved indefinitely.

A few days ago, Liu Yiyun, director of the Securities Division of the Fujian development and Reform Commission, pointed out that due to the tight fiscal policy of macro regulation and control, the demand for financing in enterprises was even more urgent. However, many enterprises were impatient and wanted to enter capital market financing.

Driven by interests, individual enterprises may overpack or even fake packaging.

Yesterday was the "solar heat" in the twenty-four solar terms, which is the hottest time of the year.

However, for the Jinjiang shoe company, which was originally listed on the 11 th of this month in Hongkong, it is nothing but a chill in midsummer.

On the one hand, the listing of the company is indefinitely shelved. On the other hand, it is impossible for the Hongkong stock exchange to make more stringent demands on some enterprises or to restart the listing in the short term.

According to the information learned by the foregoing insider, IPO was more restricted by objective factors, such as the financial content was not audited.

If the listing fails, the price is too high.

At the beginning of this month, the prospectus and the Jinjiang shoe company, which was scheduled to launch in Hongkong on 11, were thought to have made an early start. However, there was an unexpected situation. "Due to bad market conditions," the IPO, who was preparing to raise nearly 1 billion yuan of funds, announced that it would suspend its IPO a week ago.

In addition to the sluggish Hong Kong stock's impact on the company's scheduled plans, the reason why Xi De Long has suspended its move to the capital market has become the focus of suspicion outside.

It is worth mentioning that whether there is any fraud in the finance of Xi long long, there are many speculation in the bookstore. In July 8th, this newspaper had a paper on the "false loan" of "Xi long long listed on the stranded market". It first questioned whether the real reason for the suspension of IPO was whether it was a big market.

In the past 20 days, except for the "bad market", there is no positive explanation for Xi De long.

According to the reporter, he has been on a business trip recently.

According to the Listing Rules of the Hongkong stock exchange, the relevant declaration materials will be valid for half a year after hearing. In other words, within six months' time, the company can restart the listing plan at any time.

Once the validity period is over half a year, if we want to re-enter the capital market, we need to supplement the audit and other related materials.

But when he restarted, he did not seem to have much preparation.

Hongkong's Vida public relations official said that there is no new news on the company side.

According to the reporter's observation, two days after the announcement of the suspension of the IPO announcement, the prospectus and the notice of termination of sale were originally deleted on the front page of the website.

Liu Ming, vice president of sidelon, told the daily economic news yesterday that the listing is still on the sidelines.

It is noteworthy that, at the beginning of this month, when reporters interviewed in Jinjiang, many local businesses said they had great expectations for listing, and had made many preparations on hardware. If the listing is frustrated, most of the plans of Xi long long will be adversely affected.

"The cost of preparing for listing is only tens of millions of dollars, not to mention the loss of the market plan that has been rolled out after the successful listing.

It is understood that an enterprise from restructuring, listing guidance, application to the first trial, and then to the final approval, which often lasted for 3 years.

And from the internal norms, to hire financial advisors, auditing, lawyers and other intermediary services, the price is expensive, the cost of spending tens of millions or even tens of millions of dollars.

Once the listing is not successful, the huge cost of the enterprise may be lost.

In addition, due to the unclear property rights and non-standard financial management, there are still some problems in the process of restructuring, such as paying taxes or making high profits. These "compensation costs" tend to be very high, and some enterprises increase their tax costs by up to about 40000000 yuan.

Once the enterprise is finally unable to get to the market, there will be a subsequent increase in tax costs and the risk of being traced back.

Jinjiang listing office: combating listing black intermediary

According to relevant sources, the discontinuation of IPO may trigger a new round of reflection and a series of actions at the local government level.

The Jinjiang listing office, which plays a decisive role in Jinjiang listed companies, is silent about the interview.

Those who know the situation say that Xi Long lung is not a reserve company on the market. All the listing plans are completed by the company itself, which may be misgivings.

According to the reporter, under the tight monetary policy, Jinjiang listed companies as a better way to solve the financial problems, but excessive packaging and false packaging also began to show signs.

In order to guide enterprises to standardize the listing, Jinjiang is beginning to examine the source of some false packages - intermediaries and compile a list of black intermediaries.

"We find that some irregular intermediaries have begun to intervene (listed companies). Therefore, a working group will be set up to crack down on illegal intermediaries.

Liu Xiangyang, deputy director of Jinjiang listing office, said yesterday in an interview with the daily economic news.