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Jiahua Energy 5 Billion 800 Million Yuan Backshell Hua Fang Textile Restructuring Party Said That It Can Not Wait For IPO

2013/12/9 11:14:00 48

"P > Hua Fang textile" backdoor "New Deal" first document "person familiar with the matter said, the shell Hua Fang textile Jiaxi energy has applied for IPO and queued up

according to people familiar with the matter, the a href= "http://www.91se91.com/news/list.aspx ClassID=101112107105" of Hua Fang Textile Co., Ltd., Jiahua energy less than /a, has been queued up for /p application for IPO.

it is understood that China has suspended the brand for more than two months, recently announced the restructuring plan, Zhejiang Jiaxing energy chemical Limited by Share Ltd intends to 5 billion 800 million yuan backdoor listing.

And the reorganization of the company has become the first order after the implementation of the "New Deal".

after the news came out, Huafang textile stock was closed on the day of the announcement.

In this regard, some analysts are optimistic about the company's prospects, but some shareholders questioned that the company is using the restructuring of small retail investors, and doubt whether the reorganization of the company can be approved by the SFC.

for this reason, people close to Jiahua energy disclosed to reporters that Jiahua's energy assets were relatively high quality, after which the company tried to apply for IPO, but after the IPO suspended the audit, the company was ready to shell out Huafang textile for its early listing.

, it said, "in October this year, the SFC in the internal acceptance section of the listing Department has begun to examine the administrative licensing of the backdoor listing in accordance with the relevant IPO standards.

Therefore, Jiahua energy's backdoor Huafang textile is also equivalent to IPO's first trial.

now, the reorganization plan of Huafang textile has been examined by the board of directors of the company. Thereafter, the reorganization bill will go through the shareholders' meeting.

5 billion 800 million yuan backdoor Hua Fang textile > /strong > /p >

according to the major asset restructuring plan announced by Huafang textile company, the company has replaced all the assets and liabilities owned by the company with the equivalent part of the 100% shareholding of Jiaxi energy owned by 96 shareholders of Jiaxing group, and the difference between the asset price and the assets of the listed company is purchased by the listed company according to the proportion of the 96 shareholders of Jiahua energy holding their respective shares.

it is understood that the company's issuance of shares includes two parts: first, the assets are priced beyond the value of the set out assets, the difference is partly from Huafang textile to Jiahua group, Decheng investment, Xiangfeng Industrial 3 companies, 8 Jiuding partnership enterprises, and Jian Zhong 85 natural persons, the non-public offering shares are paid as the consideration price; two is the non-public offering shares to raise matching funds.

The proposed matching fund will be 500 million yuan and no more than 25% of the total volume of the paction, and will be used in the expansion project of Jihua energy co generation unit.

up to the date of signing the plan, the audit and evaluation of assets and assets are in progress.

It is estimated that the estimated value of the assets is 850 million yuan, and the estimated value of the assets is 5 billion 810 million yuan.

The price of the difference between the payment of assets replacement and the non-public offering price is 5.32 yuan / share, and the price of the non-public offering of the matching funds is 4.79 yuan / share.

"New Deal" after the first shell, /strong < .

due to the fact that Huafang textile had failed to fulfill its commitments, the reorganization of the company has repeatedly failed.

Therefore, there are < a href= "http://www.91se91.com/news/list.aspx ClassID=101112107107" > Hua Fang textile > /a > minority shareholders have doubts about the reorganization of the company, and think that the major shareholder is not fooling small shareholders again.

for this reason, people close to Jiahua energy told reporters that the annual profits of Jiahua energy were very impressive, and the company had previously applied for IPO, and accepted the financial examination of the SFC last year.

Guan Jianzhong, the actual controller of Jiahua energy, told the media that the reason why IPO was abandoned is that if the progress of IPO is at present, the company will be listed until around the end of 2016, which will affect the planning and development of enterprises. IPO stops there, but the development of the company can not stop there.

according to the personages close to Jiahua energy, Jihua energy's previous application for IPO's fundraising project did not stop because of IPO's suspension. Today, the fund-raising project that applied for IPO is nearly completed.

Therefore, Jiaxing energy is now looking forward to listing soon.

it is worth noting that in November 30, 2013, the SFC clarified that the conditions for backdoor listing were equivalent to the IPO standard, and that it was not allowed to backdoor listing on the gem, and that it was implemented from the date of issuance of the notice, which was intended to raise the threshold of backdoor listing and curb market speculation.

at present, Huafang textile for Jiahua energy backdoor is regarded as the first order after the implementation of the "New Deal".

So, what is the difference between the backdoor? "/p".

"in fact, in October of this year, the SFC had equated the conditions of listing with the IPO, so the procedure of Jiahua energy backdoor Hua Fang textile is no different from IPO."

Those close to Jiaxi Energy said.

it is understood that since the suspension of IPO in October 2012, shell resource speculation has once again attracted market attention.

In execution, the standard of backdoor listing is still below IPO, making effective delisting system difficult to achieve.

Therefore, beginning in October 2013, the SFC began to consider the pition from "convergence" to "equivalence".

the head of the regulatory department pointed out to the media that since 2011, the first time the IPO standard and the convergence of the concept and formulation of the a have been clearly defined, since October this year, many reform measures have been released in the "a href=" http://www.91se91.com/news/list.aspx ClassID=101112107108 "M & a" /a ".

At the same time, in order to strictly check the backdoor, since October this year, the internal acceptance section of the listing Department has begun to examine the administrative license for backdoor listing according to the relevant IPO standards.