More Than 20 Enterprises IPO Road Was Blocked In The Disaster Area Staged Counterattack War

< p > this year, it is more than a href= "http:// www.91se91.com/news/index_c.asp" > Baleno < /a >.

Public information shows that Metersbonwe closes more than 200 stores, Semir closes more than 700 stores, and Giordano listed in Hongkong has closed 75 stores.

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< p > IPO consulting investment foresight investment consultant (mainly for the listed companies to provide pre market segment market research and feasibility study of equity investment projects) found that the majority of garment enterprises' performance improvement mainly depends on the large scale expansion of the number of stores, and the coming of the closing shop trend, which means that the textile and garment industry is facing the risk of shrinking overall performance, which is intuitively reflected in the IPO status of the industry.

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As of July 3rd, as of July 3rd, 8 textile and garment enterprises have terminated the review, and the IPO of 17 enterprises has been suspended. In the past few years, textile and clothing have even become the hardest hit areas for IPO.

At present, only sports shoes and clothing manufacturer Jordan sports is in normal waiting for trial, and has passed the trial meeting, and is expected to become the lucky runner to take the lead in killing the siege.

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< p > performance fluctuations, product quality defects, high inventory, overcapacity, high production costs, and continued export slump, resulting in weak management of textile and garment enterprises, which directly affects the capital market's judgment of the value of investment in textile and garment industry.

Although many enterprises have tried to pform through O2O channel development, advanced customization, fans economy and other forms of pformation, it is still not enough to enhance the confidence of capital market in this traditional industry.

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< p > and a new round of Customs shop launched by Baleno and other famous clothing brands undoubtedly reflects the deeper background of IPO frequently encountered by pigs and other textile and garment enterprises.

At the same time, more than 20 textile and garment enterprises are listed together, which also reflects the huge gap of funds under the downward pressure of pformation pressure and performance.

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The 8 enterprises of < p > < strong > piglet banner stop IPO < /strong > /p >

< p > > the disclosure of the basic information situation of the enterprise's initial public offering suspension examination and termination examination issued by the SFC on July 1st shows that the IPO applications of Zhejiang textile, small pig, Bennet, Weis man, border town sports, del Hui, Tai Huaxin materials, AB group, Eagle Xiang Chemical fiber and other textile and garment enterprises have been terminated for examination since April this year.

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< p > from the industry subdivision category, piglets, weesman, border town sports, Jiangsu AB group and delhui are all garments and related products manufacturing, which are mainly engaged in children's wear, women's wear, sports functional clothing, underwear, sports shoes and clothing. Other enterprises are all made up of upstream textiles, including the main textile products of adhesive lining base silver textile, the main nylon fabric of Taihua new material, and the main chemical fiber weaving Jiangsu Eagle Xiang Chemical fiber.

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< p > it is worth mentioning that the Jordan sports, which was terminated by the censorship, has been released from Fujian, Quanzhou, and has been listed in the famous textile and apparel companies such as seven wolves, Phoenix Bamboo textile, Huafeng Textile, Anta sports, Tianyu chemical fiber, China Hongxing, XTEP international, China l'lon, PEAK and so on.

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< p > and in January of this year, the same person from Quanzhou, the same main sporting goods, and Jordan sports same time awaiting trial IPO has completed the issue and listing, and made the first step into "A share sports apparel first stock".

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< p > at the same time, as the brand of children's clothing, the IPO process of little pig has attracted much attention.

During the preparation of A shares IPO, pig pig frequently exposed quality problems.

In May 2011, a sampling survey conducted by the Xi'an Quality Supervision Bureau showed that nearly 20% of the local children's clothing had quality problems.

In the two quarter of the same year, in the sampling inspection of the Wuhan industry and Commerce Bureau, a small round neck short sleeved sweater was found unqualified.

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< p > forward-looking investment advisers believe that the first time to break through IPO's pig Ban Na, this time to terminate IPO, does not rule out the product quality defects and its internal control risks.

Coincidentally, in June 30th, the last review of vieman, though it was the second time to launch the IPO, was also exposed by the large number of exits from the franchisees, the failure of product quality and so on.

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The 17 enterprises stopped IPO < /strong > /p > < p > < strong > < a > href= > http:// > www.91se91.com/news/index_c.asp > > >

By the end of July 1st, there were 17 textile and garment enterprises that had stopped IPO censorship due to incomplete application documents.

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< p > among them, there are 5 enterprises to go to the small and medium-sized board of Shenzhen Stock Exchange. They are the main products of women's and children's products, the golden hair Rabbi women's and children's products, the main textile fabrics of Jiangsu Dan Mao textile, the main dress of the golf leisure dress, the Shenzhen dress of Mass Phil fashion, and the home textile enterprise Hunan.

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< p > there are 12 enterprises to enter the main board of the Shanghai Stock Exchange. They are the new material of Hua Mao (Xiamen), the main textile fabric, Zhejiang new Australia textile, Jiangsu Shenli industry, Beijing Fu Tai leather cloth, the main products of Hsing Ho, Vigna S fashion, Shenzhen gleth dress, Zhejiang Jian Sheng group, the main leather shoes, Zhejiang Red Dragonfly shoe industry, Guangzhou Tian Sheng fashion shoe industry, Hasen commerce and trade (China), and the textile equipment supplier Beijing Hao technology.

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< p > the quasi IPO textile and garment enterprises that have suspended the review must submit the application for restoration review when updating the financial information, and the review can be resumed after the SFC performs the statutory procedures.

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< p > < strong > < a > href= > http:// > www.91se91.com/news/index_c.asp > IPO < /a > no serious disaster area staged counterattack war > /strong > /p >

< p > driven by brand upgrading, domestic garment enterprises have great enthusiasm for listing in recent years.

In particular, men's clothing enterprises represented by seven wolves, good news birds, nine herding kings and YOUNGOR have been favored by A shares.

In addition to A shares, Hong Kong stocks, the United States, Singapore and other overseas markets have also become the preferred place for financing and listing of textile and garment enterprises.

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< p > however, the financing of textile and garment enterprises is becoming more and more difficult, regardless of the Shanghai and Shenzhen stock exchanges and other overseas markets.

Because with the continuous development of the market, this resource intensive traditional industry has ushered in a new round of pformation challenges.

The IPO consultant's forward-looking investment advisers believe that the low threshold, fierce competition, low profits, internal control is not standardized, unstable performance, lack of growth potential and lack of innovation power are the main reasons for this piece to suffer from capital market coldly.

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< p > data show that in 2011, clothing enterprises became the hardest hit area of A shares IPO. 11 clothing companies applied for IPO, and 6 had been rejected. The rate of passing was only 45%. The 6 enterprises were Vigna S fashion, Zhuhai Wiseman dress, Fujian nous, Shenzhen ladies house fashion, Shandong sulang clothing and Shanghai Li Rui dress.

The reasons for whether or not are many common problems such as high inventory and low profit for a long time in the garment industry.

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< p > despite the thorny road of financing and listing of the textile and garment sector, its IPO battlefield has been bloodstained and dead, but this has not stopped everyone's enthusiasm for listing.

Now, Wenger and Wiseman have made a comeback.

Unfortunately, the former is temporarily suspended, and the IPO prospect is unknown. The latter has been again halted and chose to withdraw the IPO application.

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< p > 2012, the IPO of Hai Lan home was also rejected by the SFC. The main reason is "related pactions lead to poor independence".

Since then, Hai Lan's home has not submitted IPO application, but has turned to backdoor.

In September 2013, Hai Lan's home borrowed the technology of Keno to realize the curve listing, and staged a successful "counterattack" war.

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< p > forward-looking investment advisers believe that in recent years, the demand for garment market has been sluggish, and the performance of listed apparel companies is generally low. Many large clothing brands have been trapped in the cash flow dilemma due to high storage and other issues.

Under this background, the urgency of the financing of garment enterprises is particularly obvious.

Take Vigna S, who has temporarily suspended the review, for example, this IPO intends to invest 260 million yuan in the marketing network construction project, adding a total of 152 Direct stores, but it is clear that Baleno and a series of clothing brands are closing up the trend of shopping.

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