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Insiders: New Shares Will Be Issued Early Next Month.

2014/5/29 17:35:00 48

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"the regulatory requirements for adjusting the enterprise's distribution plan have been unified. We are now revising it one by one. It is hoped that the release plan will be completed and reported again as soon as possible. In May 27th, a IPO project waiting to be released was insured by the twenty-first Century economic report. "According to the SFC's plan, there will be new IPO early next month." 
 last weekend, the SFC branch again convened the relevant sponsor agencies to issue new issue issues. 
 in which, about the spanfer of the old shares, it should be stated in the prospectus that the IPO of the company is not the IPO of the old shareholder. If the spanfer of the old stock is not carried out, it is necessary to make it clear that no spanfer is made. If the spanfer is to be made, it is necessary to determine the proportion of the best not more than 50% (not too high), which can be authorized by the board of directors to determine. 
At the same time, Tian Bin also gave guidance to < a href= "http://www.91se91.com/news/index_cj.asp" > new shares < /a > raising funds, issuing pricing and issuing expenses. "P" Tian Bin stressed that when conducting the new roadshow, lawyers should verify the roadshow process of the securities companies, including the roadshow process and promotional materials, and whether the scope of the contents of the prospectus should be promoted. 
"P > the above brokers said," once the IPO is on the normal track, the new meeting will soon get the approval. " 
 up to May 23rd, 15 initial applications for listed companies have been approved. 14 of them put forward the old stock spanfer plan. The company, sponsored by Sino German securities, intends to issue 533 million 330 thousand shares of new shares and raise 824 million 380 thousand yuan. 
 Guozhen energy-saving old stock spanfer limit reached 100% 
 from the above 15 companies' pre disclosure, although the vast majority of companies have spanferred the proportion of old shares to 50% of the "red line", there is no lack of cross line cases. 
 the upper limit of the spanfer of Guozhen energy saving old stock is more than 100 percent of the number of public offerings. The company intends to enter the gem, and its sponsor is Guo Yuan Securities. 
 its public offering does not exceed 22 million 500 thousand shares, the number of new shares does not exceed 22 million 500 thousand shares, and the number of shares offered by the shareholders of the company is not more than 22 million 500 thousand shares. 
 that is to say, once the company's public offering shares are spanferred from the old shares, the company will not need to raise funds. In other words, the company's fund-raising project will also become a display. 
 according to the issuance plan, the company intends to raise 398 million 900 thousand yuan to invest in 3 projects, such as the construction project of the Internet of things system, the engineering research center construction project, the domestic sewage treatment investment operation investment project and so on. 
 to this end, the brokers said, "although the amount of new capital raised is no longer mandatory with the demand for capital, the spanfer of the old shares to 100% will definitely not work." The issuing plan must be modified, otherwise the issuing approval will not be obtained. " 
 the insurance representative said, < a href= "http://www.91se91.com/news/index_cj.asp" > regulatory level < /a > stipulates that only when the initial shares are issued temporarily, only the old shares must be spanferred, and the number of new shares issued must be greater than the number of old shares spanferred. 
 in addition to Guozhen's energy saving, the newly spanferred enterprises that spanfer more than 50% of the old shares also include Sanlian Hong Pu and Kuai Ji Shan Shaoxing liquor. 
 triplex rainbow plans to issue no more than 13 million 340 thousand shares, the old stock spanfer limit to 10 million shares, accounting for 74.96%. And the Shaoxing wine issue will not exceed 100 million shares. The total spanfer of the old shares will not exceed 55 million shares, and the spanfer of the old shares will account for 55%. 
 more than half would like to add < a href= "http://www.91se91.com/news/index_cj.asp > > liquidity < /a > /strong > /p >
 in addition, among the 15 newly established enterprises, 8 companies want to repay bank loans or supplement working capital by raising funds, accounting for 53.33%. 
 above, the securities brokers said that regulators had already made clear that the fund-raising funds of the first companies could be used not only for fixed assets investment projects, but also for general purposes, such as replenishment of working capital and repayment of bank loans. 
 "regulators only demand that when issuing funds for general purpose, issuers should have a full discussion of its rationality and necessity." The warranty is called. "Regulatory authorities require specific analysis of specific industries, not a general overview. When calculating the demand for liquidity, we should take full account of the types of customers and the characteristics of payment, and calculate the demand for liquidity in a targeted way. 
 statistics show that among the 15 newly established enterprises, there are 3 IPO companies that account for more than 40% of the total amount of bank loans or supplementary liquidity. They are Chongqing Chuanhui automation, Shaoxing wine and Liaoning Hefeng husbandry. 
 for example, Chongqing Chuanhui automation intends to raise 425 million 860 thousand yuan, and the amount of repayment of bank loans is as high as 200 million yuan, accounting for 46.96%. 
 closely followed by Shaoxing wine and Liaoning Feng Feng husbandry. The Shaoxing wine of the Jai Ji Shan is expected to raise 642 million 20 thousand yuan, which is used to repay bank loans 170 million yuan and supplement liquidity 96 million yuan, accounting for 41.43%. 
 Liaoning Hefeng pastoral industry intends to raise 725 million 370 thousand yuan, plans to supplement liquidity and repay bank loans 100 million yuan and 200 million yuan respectively, accounting for 41.36%. 
 Nanjing Connie electromechanical plan raised 961 million 247 thousand yuan to supplement 220 million yuan in liquidity and repay 130 million yuan in bank loans, accounting for 36.41%. 
 in addition, there are 3 companies that repay bank loans and supplementary liquidity in 30%. They are Shanghai's Ming Ming Machinery, Zhejiang's energy company and China's energy saving wind power generation, and 3 companies will add 74 million yuan, 200 million yuan and repay 90 million yuan of bank loans and supplementary working capital respectively, accounting for 29.60%, 29.34% and 24.26% respectively. 
 in the above 8 new associations, the third party, Hong Kong's lowest bank, intends to repay bank loans of 50 million yuan, accounting for 11.86%. 
 "there is no explicit requirement for regulators to make up the proportion of new shares used to supplement liquidity. The regulatory level is to regulate the amount of funds raised by issuing a clear price earnings ratio that can not exceed the average level of the industry. In principle, there is room for the two tier market. " The foregoing broker Bao Dai said.