Quanzhou'S Footwear Manufacturers Are Increasingly Keen On Going To The US Market. 2
A number of enterprises are put into action.
It is understood that there are many families.
Quanzhou Enterprises
Successful listing in the US.
In October 30, 2009, Lin Shui pan, President of HDL (China) Co., sounded the bell of the listing on the NASDAQ trading hall of the United States.
Prior to this, the Quanzhou based Jinjiang Cheddar enterprise, Windrace, owner of Xinlong brand and Acquiro invested by new horizon capital, announced the reverse takeover of the 2020 China Cap Acquiro of the US listed company and renamed it Exceed.
Since October 20th, Exceed has traded on NASDAQ with the "EDS" stock code.
This is the first China to visit NASDAQ.
Fast moving consumer goods
Manufacturing enterprises.
When asked by reporters why he was listed on Nasdaq, Lin Shui pan explained that the NASDAQ is a world-famous financial center, which is not only widely distributed in the market, but also mature in its operation mode, attracting investors from all over the world.
As the first domestic fast moving consumer goods company to enter Nasdaq, it will be widely concerned by the financial market, and will provide a great help for the future development of the company.
Many enterprises in Quanzhou involve
Textile and clothing
Traditional industries such as footwear manufacturing and food industry have a high degree of industrial concentration.
According to Yang Ge observation, over the past year, Quanzhou enterprises have shown strong interest in going to the US and Europe. He said: "after the financial crisis, some Chinese enterprises are actively brewing out of China and launching the international development strategy. Among them, some enterprises represented by Fujian and Zhejiang want to expand the overseas market through the takeover and merger action, and the acquisition of famous brands in Europe and the United States is one of the routine actions of these enterprises.
With this trend, enterprises will have more interest in listing in Europe and the United States.
Because in the process of acquiring and merging foreign brands, there are great differences between the East and the West in the process of acquiring and merging foreign brands. If it is not a standardized listed company, it is still difficult to control foreign brands through the existing cultural background and management system of domestic family businesses.
By listing overseas, Chinese companies are more likely to be accepted by foreign companies in the process of takeover. "
Spring enterprises have advantages in listing in the US
In addition, as far as the current situation is concerned, there are quite a few enterprises in Quanzhou sporting goods and shoes and clothing enterprises listed in Hongkong. As a highly concentrated industry in Quanzhou, the challenge of listing the same industry in Hongkong is increasing.
Yang Ge said that when the new spring companies want to go public in Hongkong, they must think more about how to differentiate themselves from those who have already been listed in Hongkong and convince investors to invest in them.
As for the US market, traditional industries such as shoes and clothing are still scarce in the market, and American investors are always optimistic about China's consumer goods industry.
According to Yang Ge, the listing of enterprises in the United States takes about 1 years from preparation to listing. From submitting materials to listing, it only takes 3 to 6 months. Compared with A shares, the time taken for listing in the US is much shorter, which reduces the hidden costs of capital, time and manpower input in the process of listing.
At the same time, the overseas capital market is more conducive to the two financing of enterprises, which is also one of the reasons for the keen interest of the listed companies.
Finally, Yang Ge revealed that under the background of strong interest and willingness, there are now many Quanzhou enterprises preparing for listing in the US.
"Although the pace of listing in the US has just begun, those successful companies listed in the US will bring a good example to the latecomers."
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