Leather Enterprises Are Listed On &Nbsp, And Fundraising Will Exceed 600 Million.

In August, a public notice was issued to promote the listing of Xingye leather Polytron Technologies Inc. plan I went to the front desk in advance. Since then, Xingye leather has completed its initial preparations for the capital market, and submitted its materials to the SFC before September according to the listing plan of Xingye leather.

Recently, the China Securities Regulatory Commission announced that the China Securities Regulatory Commission's main board issuance examination committee is scheduled to examine the first application of Xingye leather Polytron Technologies Inc in December 28th. Leather technology will issue 60 million shares and 240 million shares after the issue. It will be listed on Shenzhen Stock Exchange. The main business of the issuer is to engage in the development, production and sale of medium and high grade cattle top shoe upper leather. product Including Napa series, natural throw series, special effects leather series, products are widely used in manufacturing leather shoes, bags, leather goods and so on.

The industry generally agreed that at present, many Quanzhou leather enterprises started. list The plan, the fund-raising investment of Xingye leather and the final outcome of its sprint capital market will be a weathervane for the traditional polluting enterprises such as leather.

Fund-raising will exceed 600 million

In August 11th, the publicity issued by the provincial Environmental Protection Bureau showed that Xingye leather was basically in line with the environmental requirements of listing. Through this announcement, the listing plan of Xingye leather is evident. The news report on the environmental protection verification of Xingye leather Polytron Technologies Inc (hereinafter referred to as the "report") obtained by the reporter shows that Xingye leather plans to submit materials to the China Securities Regulatory Commission in August, and plans to raise 601 million 830 thousand yuan. The fund-raising plan will be made up of two parts: first, Xingye leather is located in the new plant of Jinjiang Anton industrial zone. The project plans to produce 1 million 500 thousand high-grade leather finishing projects annually, with a total investment of about 199 million yuan.

The second is Xinyi leather full holding subsidiary Fujian rizen Leather Co., Ltd. is located in Zhangzhou County, Zhangpu Province, the new project of Chek Hu leather garden, the project investment of up to 402 million yuan, after the completion of the processing will form 1 million 400 thousand cattle raw skin and 500 thousand cattle blue skin project.

Once the two items are put into operation, the volume of Xingye leather will expand rapidly. According to the report, the current scale of Xingye leather production is 500 thousand pieces of raw cow skin and 900 thousand blue skin of cattle. After the fund-raising project is put into operation, Xingye leather will realize the scale of 1 million 900 thousand raw cow skin, 1 million 400 thousand blue skin and 1 million 500 thousand high-grade leather finishing.

Compared with its strong production capacity after the fund-raising project has been put into operation, the industry has already "sniffed" the future development trend of Quanzhou leather industry from the investment promotion of Xingye leather. A leather enterprise official told reporters that from the already disclosed fund-raising plan, the future development strategy of Xingye leather is clearly visible. From the point of view of the investment promotion of Xingye leather, Xingye leather did not "add" to the processing of raw cattle skin in Quanzhou, because its original cattle skin and cattle blue skin were put into operation several years ago in Quanzhou, and its future development will focus on leather finishing and cattle raw leather processing in the Red Lake leather garden.

The industrial layout of Xingye leather has an exemplary role for other leather enterprises that are seeking listing in Quanzhou. Quanzhou Leather Industry Association, a relevant person in charge told reporters that according to the layout of Quanzhou's industrial structure adjustment, in the future, Quanzhou will no longer be a new batch of cattle raw leather processing projects, "unrestricted leather finishing processing will become the next focus of every enterprise's strength".

A green account

The publication of "publicity" has made the listing plan of Xingye leather again. According to people familiar with the listing process of Xingye leather, as early as 2005, Xingye leather had put forward the concept of listing, and its initial listing destination was Hongkong. According to the "three year plan" formulated by Xingye leather in 2006, Xingye leather was originally planned to be listed overseas in the first half of 2008. But in March 2007, Xingye leather turned the target market to China. In explaining why the listing site was mutated, Wu Zuxiong, vice president and Secretary of the board of directors of Xingye leather, told reporters that when deciding to change the listing destination, Xingye leather actually had the conditions to land on the Hongkong stock exchange. But considering that the main target market of Xingye leather was at home, the domestic listing was more beneficial to enhance the popularity of Xingye leather brand, so the target was adjusted to domestic.

People in the industry generally believe that the ups and downs of Xingye leather listing is closely related to the domestic capital market's environmental threshold for polluting enterprises.

Insiders told reporters that as early as 2003, the Environmental Protection Administration issued the "Regulations on Environmental Protection Verification for listed enterprises and listed companies applying for refinancing", and environmental protection checks were carried out by listed companies. However, when Xingyi leather completed the shareholding system reform and planned to launch a sprint to the domestic capital market for the first time, the regulatory authorities again issued a series of new regulations to raise the access threshold for polluting enterprises to go public.

According to public information, in January 9, 2008, the SFC issued the notice on application for declaration of IPO for production and operation companies of heavy polluting industries. According to the document, the application documents of the heavy polluting industry production and operation companies applying for initial public offerings should be submitted to the State Environmental Protection Administration for verification. In February 25th of that year, the State Environmental Protection Administration once again issued the "guiding opinions on strengthening the environmental supervision of listed companies", stipulates that the environmental verification opinions of the 13 categories of heavy polluting enterprises, including tanning, will be one of the prerequisites for the SFC to accept the application. At the same time, a blacklist of the first round of listing environmental protection verification has been issued along with this guidance, which has aroused the "environmental protection verification storm" in the stock market.

According to a person familiar with the matter, according to this series of regulations, leather enterprises of Xingye leather belong to a series of strict environmental protection verification procedures when they apply for listing, which makes the listing of Xingye leather again. "Xingye leather has to work harder in terms of environmental protection."

From the "report", during the verification period from July 2007 to June 2010, Xingye leather has successively improved in many aspects such as waste water, exhaust gas, solid pollution and noise. The sewage has been transformed by "five water separation", and physical and chemical treatment equipment and biochemical management equipment have been adopted. Quanzhou Leather Association, a responsible person has told reporters that in recent years, Xingye leather investment in environmental protection will not be less than 50 million yuan, "only last year has spent about 30000000 yuan."

From the "publicity", after a series of transformation, Xingye leather has basically met the environmental requirements of listing. With the end of the public notice period, Xingye leather has been able to cross the environmental access threshold of the domestic capital market. A few days ago, Cai Jianshe, vice chairman of Xingye leather, said in an interview with reporters that environmental protection is a problem that leather enterprises must solve. Because of the need for listing, Xingye leather may pay more for environmental protection than other enterprises, but this also lets Xingyi leather station on a higher level platform, laying the foundation for the sustainable development of Xingye, and also demonstrating for other enterprises, which is conducive to promoting pollution remediation in the whole industry.