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Worries About The Listing Of Textile And Garment Enterprises

2011/12/8 9:25:00 7

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Ji Rong Sheng Group

list

After that, Huating group and Tong Kun group successfully landed in China's main board market this year. They are praised by the industry as the first group of large scale listed private chemical fiber enterprises. The second group army lineup is still strong, and another group of chemical fiber superiority enterprises represented by Hengli Group are strained to plan for listing in 2012.

Compared with the first group army, the number of the second army groups is more. Therefore, concerned experts worry that the situation of gathering will inevitably increase the difficulty of listing enterprises to a certain extent and extend the listing process.

After 30 years of reform and opening up, a number of grass-roots private enterprises in China have grown into China.

chemical fiber

The backbone of industry, in the domestic textile industry, chemical fiber has become one of the 500 most powerful enterprises in China.

These enterprises, which are also influential and competitive in the world, are not only highly concentrated in industry, large in scale and strong in economic strength, but also the traditional family management mode has been replaced by modern enterprise management mode, and a large number of modern enterprise groups have risen rapidly.

In particular, they successfully landed in the capital market, which fully proved that the development of standardization, scale and marketization of chemical fiber enterprises in China has reached a higher level.

Listing has undoubtedly become the choice for enterprises to further develop and grow.

Textile industry

The need to change from strength to strength.

The initial issuance and listing of enterprises can raise a large amount of capital and have the opportunity of refinancing after listing, thus providing sufficient funds for the further development and growth of enterprises.

At the same time, listing can promote enterprises to establish a standardized management mechanism, improve corporate governance structure, and continuously improve the quality of operation.

Since the listing of enterprises must meet the more stringent listing standards and the approval of regulatory bodies, the successful listing of enterprises is the most powerful proof of their management level, development prospects and profitability.

After the listing, stock trading information is continuously released to the public through various media, which can greatly expand the popularity of enterprises, improve the market position and influence of enterprises, help enterprises to establish product brand image and expand sales volume.

Moreover, we can use stock options to achieve effective incentives for employees and management, help companies attract talented people and arouse their enthusiasm for work, so as to enhance their development potential and stamina.

The listing and circulation of stock also expands the shareholder base, so that the stock has a higher volume of trading. The free trading of stocks can also make shareholders more convenient to realize investment capital under certain conditions.

In addition, enterprises' listing status helps to improve their credit standing, enhance financial institutions' confidence in enterprises, and enable enterprises to obtain convenience in bank credit and other business. After the listing of stock price changes, a market evaluation mechanism for enterprise performance is formed.

It can be seen that listing is of great significance and role for enterprises to become bigger and stronger.

It is understood that most of the current chemical fiber enterprises choose to go public is mainly financing, unlike some cultural units "not bad money", listing not only for financing, but for listing and listing.

Therefore, the author thinks that chemical fiber enterprises may avoid all kinds of troubles brought by the listing, choose the right time to go public, and choose more ways to raise funds.

In fact, enterprises can adopt different financing methods at different stages of development.

IPO is already a relatively mature stage of development. However, financing is not only a way of listing, from the initial venture capital, the start-up angel fund, the expanded VC, the mature harvest PE and pre-IPO until IPO, financing runs through every stage of the enterprise.

Financing is mainly aimed at two main purposes: to solve the gap in capital and promote the expansion of enterprises; strategic investment, through the introduction of equity funds to investors involved in equity and participation in enterprise management, with advanced management experience to help enterprises in the long-term strategic planning and IPO as the end of the investment, through MBO or IPO withdraw from equity to gain huge profits.

As for the timing of listing, it depends mainly on the change of macroeconomic cycle and the change of government policy cycle. Besides, we also need to consider the preparation of enterprises and the demand for funds.

At present, the textile industry has not been listed as an industry that encourages listing, and the time of examination and approval is uncertain. Therefore, it is very difficult for textile enterprises to control the timing of listing.

Listing generally takes a year or even a few years, and the success will be limited by many external factors.

At the same time, the internal problems of enterprises will also affect their listing.

According to past experience, the common internal problems of Chinese textile enterprises in the listing process include: reorganization of legal framework, independent operation principle, business divestiture, related party pactions, competition in the same industry, taxation, accounting and corporate governance.

These internal problems can be categorized as legal and financial problems in general.

Recently, many listed companies have introduced relevant legal teams and financial teams in advance to sort out and regulate enterprises in legal and financial terms, so as to ensure that enterprises will not obstruct the listing process due to their own reasons when the best time to market is coming.

In this regard, industry experts have repeatedly reminded us that enterprises must be clear why they want to go public, and can not get caught up in fashion and catch up with the trend.

The relevant departments of the state only really solve the problem of homogenization of listed companies, and at the same time, tilt the listing resources to those enterprises that do have financial needs, and the problem of getting together and listing can be effectively alleviated.