The Three Revision Plan Of The United States And The State Of The United States Has Been Refinancing Since The Tide Of Refinancing Of Listed Companies.

Recently, a news once again aroused the enthusiasm of the listed company's refinancing. In the evening of February 14th, the new regulation of refinancing was released. According to the data, before the deadline, there are eighty-three listed companies, such as fixed increase, issuance and issuance of convertible bonds. And in those eighty-three companies, there are no companies that have refinancing intentions.

In the wave of this announcement, some companies are standing in the lead of the wave, giving a very brilliant solution. However, some appear very embarrassed, stock prices continue to slump, the amount of fund-raising continues to decline, or in order to maintain a definite amount of fund-raising, and continuously expand the number of shares issued.

Recently, the United States has again announced the 2019 edition of the third revised version of the A public offering plan. In retrospect, in February 1, 2019, Smith Barney gave a 2019 year plan for non-public offering of A shares, of which the upper limit was one billion and five hundred million yuan, and the usage was divided into two projects, namely, brand upgrading and product supply chain transformation projects, and repayment of bank loans.

But then in June, the United States once again revised the program for the first time, and lowered the ceiling to 1 billion 320 million yuan. After three months, the amount limit was lowered to 1 billion 304 million yuan again. Compared with the three draft and the second draft, the ceiling for raising funds has not changed. The change is mainly aimed at the adjustment of the new regulation of refinancing, which includes 80% of the average price of the company's stock transaction in the twenty trading days before the issue of the base price is adjusted to the non-public offering price. And the target investors who subscribe for the issue of the shares are regularly revised to half a year, with the specific investors of not more than 35 as the objects of issue.

However, because the share price has been declining, the number of shares issued in the three draft of the United States costumes has increased by 251 million 250 thousand shares.

According to the above plan, the total investment of the US state clothing investment project is about 3 billion 505 million yuan. At the same time, it means that even after the completion of the program, the funding gap of American Apparel is relatively large, and it still needs to be solved by itself.

In the three quarter of 2019, the amount of cash flow generated by its business activities was only 50 million 566 thousand and 400 yuan, and in this year's report, it was -3882.22 million yuan. Moreover, by the three quarter of 2019, the net cash flow generated by the investment activities of funP apparel and the net cash flow generated by fund-raising activities were -1.23 billion yuan and 21 million 188 thousand and 400 yuan respectively, but the balance of cash and cash at the end of the year was only 329 million yuan.