IPO Chaos Chaos Audit System Again Questioned

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Chaos one: alternative IPO

"Eat a big jujube first, then take a hot spring bath, sit down and play cards, then pinch a rich foot, and finally chant (Yong) Qi for your hairdressing and go to work."

"A bar shop near the university is ready to be packaged and listed in the near future, and companies from all walks of life are listed."

The two sections of the Internet vividly tease the new phenomenon of IPO in recent years, such as playing cards, driving schools, foot bathing, etc., will be pformed into a listed company.

The unusual companies that have been on the market recently have become more and more confused.

In addition to the so-called "Poker first share" Yao's Poker is coming to IPO, and enter the threshold is low, the market share of only 1.8% of the good think you jujube industry also officially issued in May 12th.

There are more companies intending to sprint the capital market, and Chongqing rich overseas students who want to go to the bathing market want to go to Hong Kong next year. The Oriental Fashion Driving School says it plans to go public next year. If the listing is successful, it will become the first driving school in the world.

For these alternative IPO investors, the question is: what is the core competitiveness of these companies?

Where will the funds be raised?

Yao's poker playing cards has been widely questioned by the market.

Its listing not only affects the moral bottom line of China's stock market, but also what is its listing financing attempt?

What is the future growth of enterprises?

The prospectus said that the company needed funds to invest in the production base construction project with an annual output of 600 million pairs of playing cards, so that the company's annual output of poker can reach 1 billion 300 million.

Whether China needs people to play cards or not, the question is: is the company really short of money?

According to the data, Yao said on the one hand that he should vigorously develop his main business -- poker manufacturing, and on the other hand he will invest heavily in real estate development projects.

If Yao's investment in real estate development is made to poker, it may be enough to build a production base of 600 million pairs of poker cards.

It is no wonder that many investors question their expansion of playing cards as an excuse.

I think your jujube industry is also considered to have no high technology content and low threshold. But I miss you very much, but I think there are quite a lot of high technologies. For example, we have mastered the processing technology of air crushing (ultrafine grinding) and jujube polysaccharide extraction, and developed "red dates low temperature continuous fast drying technology" for storage.

Even so, Zhang Shengguo, a financial analyst at Shen Guang, said, "I think you should belong to the featured enterprise in the subdivision area, but the issue price earnings ratio of nearly 40 times is still a little high, and it may break."

Chaos two: reporting rate 25%

Since the issuance of Shengjing mountain river was reported to be false and cancelled, the frequency of reporting of small and medium sized board and gem has been significantly increased.

As the date of listing approached in March 14th, the king met publicly, saying that there was a major equity dispute, that is, Lin Congying, the current chairman of the company, had taken illegal means to seize the former chairman and his uncle Lin's real control of the company.

Lin Qi Ren also said publicly that the material was not out of his own hands, but confirmed that the above reports were true, and said he still had a lot of evidence.

Semir costumes were reported to be evading taxes before going public.

A retired employee claiming to be Semir claimed that "Semir clothing tax evasion amounted to 3 billion yuan in 2003 ~2009".

The first application of Shandong Lang Lang was scheduled to be audited in April 20th. At that time, the company was exposed for many years refused to handle social insurance and pay provident fund for most employees. In 2010, it was only a part of the market for the need for listing, which was suspected of a major labor violation.

The right to use the trademark on the eve of the listing of purple light brings the purple light group to sue.

In addition, at the end of 2004, after a series of "odd" equity pfers, the shares held by purple light shares were almost pferred at a low price of about 1 yuan per share, and the history of the pfer of shares was written in the prospectus or without mention.

In fact, there are more and more complaints about new IPO.

According to statistics, since the opening of the gem, the SFC GEM board has received more than 200 reports, involving more than 100 enterprises.

At present, 188 of these more than 200 letters have been completed, and the closing rate is 92.61%, while the remaining 15 are being processed.