The First Mainland Company Listed In Taiwan Is &Nbsp, And The Yangtze River Shipping TDR Will Be On Sale Tomorrow.

It is estimated that the maximum amount will be RMB 957 million yuan.

Previously, according to the Taiwan securities and Futures Commission of the Executive Yuan financial supervision and Management Commission (hereinafter referred to as the "Securities and Futures Bureau"), the Yangtze River shipping industry issued 100 million shares of common stock in new shares, and held 20 million shares of ordinary shares of its shareholders Mediterranean Success Group Inc to participate in the issuance of 240 million TDR shares and two shares.

According to Herrick Chang, the underwriter of Yongfeng securities, the issue price range of TDR is NT $17 to $19 per depositary receipt.

Based on this calculation, the Yangtze River shipping industry's largest financing amount in Taiwan can reach 4 billion 560 million NT dollars, or about 957 million yuan.

The Yangtze River shipping industry's first quarter performance report shows that the company's net profit in the first quarter was 586 million yuan, up 21% over the same period last year.

Taiwan listed first from Singapore to Taiwan.

According to the current financial regulations on both sides of the Strait, mainland and Taiwan registered companies are unable to IPO or issue TDR to each other's stock exchanges.

Although the factories and businesses of the Yangtze River shipping industry are in mainland China, the company's registered place is in Singapore, thus avoiding the current financial restrictions on both sides of the Strait.

The Yangtze River shipping industry, founded in 1956, registered the "shell" company in Singapore in early 2007. After that, it acquired the domestic entity companies and finally successfully listed in Singapore in the name of Singapore "shell" in April 18, 2007.

At present, the company's production base is located in Jiangyin, Jiangsu.

Zhang Yao said that as a Singapore listed company, the listing of the Yangtze River shipping industry in Taiwan does not involve securities regulation in mainland China, nor does it require the approval of the China Securities Regulatory Commission.

The proceeds will be first imported from Taiwan to Singapore head office and then pferred from Singapore to the mainland.

For the purpose of raising funds in Taiwan, sources said the Yangtze River shipping industry is talking about the purchase of shipyards to meet the needs of the resurgence of shipbuilding business and start orders.

The Yangtze River shipping industry did not disclose any takeover targets, but pointed out that the reasonable price of the underlying assets would be taken into consideration. After all, some smaller shipyards might face the problem of capital turnover.

In June this year, Yangzi shipping industry purchased 51% stake in Jiangsu Chang Bo shipyard limited company with RMB 156 million yuan, and enhanced the capital reserve of the other party.

Or sought out by investors in Taiwan to explore Hongkong's "red chips" company.

Taiwan analysts believe that as the Yangtze River shipping industry will be the first mainland company to list in Taiwan, Taiwan investors may feel fresh about it and may be linked with the mainland A shares, which will lead to active trading in the TDR market of Taiwan exchange.

"If investors are optimistic about A shares, they may have great imagination for the Yangtze River shipping industry."

Yuan Fu general manager Liu Kunxi said.

Analysts pointed out that the Yangtze River shipping industry's listing path in Taiwan will be a reference for other "red chips". Compared with Singapore, it will be more convenient to borrow funds from Hongkong to raise capital to Taiwan capital market.

According to foreign media reports, in addition to the Yangtze River shipping, there are a number of "red chips" on the issue of Taiwan depository receipts and Taiwan matters have been approached.

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Depository Receipts, also known as the certificate of deposit receipt or stock certificate, refers to the negotiable voucher that represents the foreign company's negotiable securities in a securities market, which is a financial derivative instrument in the category of corporate financing business.

Depository receipt generally represents company stock, but sometimes it also represents bonds.

The issuing company of a depository receipt, in order to enable its stock to circulate abroad, will entrust a certain intermediate institution (usually a bank, a custodian bank or a trustee bank) to a certain amount of stock, and notify the depositary bank of the depositary bank to issue the depository receipt representing the shares on behalf of the depositary bank, then the depositary receipt will start trading on the overseas stock exchange or the counter market.