Jinjiang Shoe Enterprises East Asian Sports Listed In Korea

Following the listing of three companies, including Meck, Qing Mei and Fei Ke, recently, the industry also reported that a shoemaking enterprise in Jinjiang was listed on the Korean stock exchange. The listed company was called "East Asian Sports", and the number of shares issued was 41% of the total share capital, which raised a total of 283 million yuan.

It is rumoured that the "main body" behind the "East Asian Sports" is the quality of Jinjiang shoes, but when the reporter asked for the quality of the news, the company's officials denied it. When a reporter called the chairman of the company's mobile phone recently, the operator who claimed to be assistant to the general manager denied the news of his listing in Korea, but admitted that it had the intention of going public, but the relevant information was not yet disclosed.

Speaking of the Korean stock exchange, the Quanzhou business circle is no stranger now. Last year, Quanzhou sports brand Hongxing Wordenka brand holder, China superstar international, was listed on the Korean stock exchange, with a financing amount of US $40 million 666 thousand and 300. Even earlier, Fujian Huafeng Textile International Group Co., Ltd., China United Technology Holdings Limited, Sanli locomotive and other companies with springs and business backgrounds successfully listed in Korea.

It is reported that since 2007, the listed companies in Jinjiang have developed rapidly from the 5 at that time to 23 now, and have set up a reserve repository including 78 enterprises. At present, 23 private enterprises in Jinjiang, which have successfully listed on the stock market at home and abroad, have accumulated a total of RMB 14 billion 36 million yuan, with a total market capitalization of nearly 120 billion yuan, ranking only second in the county cities after Jiangsu and Jiangyin. At present, Jinjiang carries out rolling management on listed reserve enterprises, declaring 8 key listed companies in Quanzhou, and 22 new listed companies at the Jinjiang level, increasing to 78. Apart from the listing of Meck, Qing Mei and Fei Ke, 3 enterprises such as Xin Hua, you LAN FA, Hua Li shoes and so on are expected to go public in the first half of the year. Jordan, del Hui, Xingye leather, profit leather, Pacific footwear industry, Tai Ya shoes and other 6 enterprises are expected to be listed in the second half of the year. Among them, Xin Hua company has submitted application materials to the HKEx, and 6 enterprises such as del Hui and Jordan have been reported to relevant provincial departments for guidance and record. In addition, more than 30 companies signed contracts with securities companies to enter substantive listing procedures.

Some small and medium sized enterprises, which are not very famous, choose to list abroad, which is becoming a new phenomenon in Quanzhou's enterprises. In this regard, the expert analysis pointed out that although some overseas capital markets are in the non mainstream market, but because of its low threshold, high efficiency, and controllable cost, Quanzhou private enterprises can still be listed on the market better. At present, Malaysia, South Korea, Australia, Germany and other non mainstream markets are being concerned by some small and medium-sized enterprises. Experts believe that where enterprises choose to go public is only based on objective conditions to make subjective choices, and there is no distinction between good and bad. The key is to see the purpose of listing.