Jinjiang Shoe Enterprises Go To Taiwan To Become Listed Companies.

　　 More than 10 jin Enterprises

Intention to go public

"In January of this year, the shoe materials of Cheng Chang went to Taiwan, and the financing effects of four enterprises going to Taiwan in succession were very good, which provided a good choice for Jinjiang enterprises to go public." Jinjiang finance office staff said, the domestic market direct listing and financing is not easy, Jinjiang enterprises to Taiwan listing in the future is expected to become a new trend.

The news from the securities industry also corroborated this view. Yongfeng gold securities operation manager Wen Hongjun disclosed that at present there are more than 10 enterprises in Jinjiang that are interested in going to Taiwan to be listed.

It is reported that as of now, there are three STA, golden apple, and Chan Chang shoe materials three enterprises in Jinjiang stock market IPO, and Baxing shoe material was successfully listed in Malaysia in 2009, and also went to Taiwan two listing and listing financing in 2012.

The reason why Huang Qiubo chose to go to Taiwan was listed on the market. Three sta Dong MI, said that although the company was listed in Taiwan in August 2011, the listing site in Taiwan had been established in early 2011. Three sta is a foreign invested enterprise. If we choose to go to the mainland A shares to be listed, we need to restructure. Too long time may cause the company to raise funds in a timely manner, so we abandon the idea of mainland listing. Three Sida has made a detailed analysis of the market in Malaysia, Singapore and Hongkong, and began to consciously focus on Taiwan's new open market. Secondly, taking into account the price earnings ratio, after comparison, it was found that the IPO price in the Taiwan market was the highest and the financing effect would be better.

Besides listing and financing, listing in Taiwan can also serve as a bridgehead for enterprises to open up the market in Taiwan. It can also greatly enhance the transparency and visibility of enterprises in the country, and strive for more opportunities for communication and cooperation. Huang Qiubo said that the three Sida as a traditional light industrial enterprise, such as in Singapore and Hongkong stock market, will not react too enthusiastically, but will have a better response in the Taiwan market. Taiwan's industrial chain in the foaming industry is also relatively perfect. The advanced technology industry of shoe materials has been spread to Taiwan from Japan and Korea, and then to the mainland. Taiwan's relatively perfect shoe material industry is conducive to the company's industry expansion, technological upgrading, resource development and talent introduction. Secondly, because Taiwan and Jinjiang are of the same origin, both in customs and in language, there are many similarities. Taiwan's listing can reduce communication costs and better integrate into the local market.

　　 Traditional enterprises have a high degree of acceptance.

"Taiwan takes the electronics industry, food and shoes and clothing as an important ethnic group. Compared with the Shanghai Stock Exchange, the financial industry and the large state-owned shares are the main ones. Hongkong is dominated by the financial industry. Taiwan has the traditional enterprise industry as the foundation. The stock market has a relatively high degree of acceptance for traditional enterprises and small and medium-sized enterprises, and the Taiwan stock market has the characteristics of high mobility, low listing cost and refinancing market, which is conducive to the long-term development of enterprises." Wen Hongjun told reporters.

At present, the multi-level capital market in Taiwan mainly includes the Taiwan stock exchange, counter market, emerging market and disk market. The Taiwan stock exchange is equivalent to the Shanghai stock exchange, and the OTC is equivalent to the Shenzhen stock exchange. In addition, there is a new market under the counter trading center, which is equivalent to the current three new boards.

Although the Taiwan market cannot allow mainland enterprises to go public directly, mainland enterprises can list in Taiwan by registering companies outside the mainland. In the two financing means of the existing IPO and TDR (Taiwan depository receipts), TDR has become the main way and way for mainland enterprises to go to Taiwan for financing in recent years. It is worth noting that the biggest feature of Taiwan's capital market is that it can be listed as a company for 6 months before being formally sent to the public market, so as to familiarize itself with the operation of transactions and Taiwan regulation. " Wen Hongjun suggested.