Stock Market IPO The First Single Bird For UBS Securities Underwriting

"P" recently, the SFC held a regular meeting. Its spokesperson clarified the rumor of the recent restart of IPO, saying that the recent rumors about market rumors IPO were not true, and there is no restarting schedule.

There were also rumors that IPO would be the first bird if it was restarted.

In this regard, the birds have denied and told the media that they had not received any notice from the SFC.

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< p > IPO has been suspended for more than eight months, and many enterprises in the process of trial financing can not wait.

Recently, some media reports said that the China Securities Regulatory Commission (CSRC) has held a training meeting on IPO on Tuesday, and asked the broker to prepare for IPO at the end of July. Participants generally expected that the new IPO will be restarted in July, and the first or only the best seller of UBS Securities in July.

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< p > but at the regular meeting of the SFC, the spokesman denied the rumor.

In addition, the SFC's regular meeting said that the reform of the new shares will be applied to all new trial and new enterprises in the future.

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< p > it is understood that before the new IPO is restarted, the IPO will be reformed and its ideas will be reflected in 4 aspects.

First of all, it is no longer the regulation of the rhythm of the issue, and the abolition of the specific requirements of the inquiry. At the same time, the price of the IPO is released, the 25% rule is abolished, and the way of placing the sale is liberalized to give the brokers the right to sell.

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Analysts in the P industry say IPO's restart is both a risk and an opportunity for a trial company.

Cheng Dinghua, chief strategist of Anxin securities, said in his report, "IPO has not been released for a long time. It has provided you with some fresh blood. Hundreds of companies, old companies have been fired so high, and the new company is sure to provide some opportunities in it. We feel sure that it is an opportunity."

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"P" the highest voice of the bird in May 9, 2012 will be over, to issue 100 million shares and raise funds 880 million yuan, of which 550 million yuan for the construction of new stores, 180 million yuan for the expansion of a target= "_blank" href= "//www.sjfzxm.com/" > shoe < /a > production based property.

After a year's meeting, you happen to encounter A shares IPO suspension, which is hindered the listing process.

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< p > the company's prospectus shows that the main business of the company is the development, design, production and sale of the brand a, target= _blank and href= //www.sjfzxm.com/.

In 2009 -2011, the proportion of shoes and garments in main business income was 100%, 99.97%, 99.98%, and other income was very small.

Due to the fact that the whole sports footwear industry is facing a crisis in 2011, the precious birds have not been spared.

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< p > birds in recent years have been below the average level of the industry in terms of gross profit margin.

Compared with counterparts in the prospectus, Anta's gross profit margin in the prospectus is 42.09%, 42.8%, 42.3%, XTEP 39.14%, 40.65%, 40.91%, respectively, while the average bird is 27.04%, 31.95%, 38.66%, and the average value of the industry is 38.62%, 38.62%, and three.

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< p > although the industry is in the cold winter period, the noble bird still tries to lurk on the market. The venture capital institution behind it still expects huge profits through the IPO feast.

Prospectus disclosed that the proposed public offering of shares does not exceed 100 million shares, after the issuance of the total share capital of 625 million shares, of which billion Hing Investment and Hongzhi investment, respectively, holding 24 million 885 thousand shares and 5 million 250 thousand shares, accounting for 4.74% and 1% of the total share capital.

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