Ka Hua Energy Backdoor Huafang Textile To Achieve Listing

Since the beginning of this year, some enterprises in Zhejiang unable to stand up to the IPO queuing up have chosen backdoor listing.

Yesterday, the a href= "//www.sjfzxm.com/news/index_c.asp" > Hua Fang textile > /a > issued a major asset reorganization plan. The registered place in Zhejiang HaiYan's Jiahua energy will be backpacking Hua Fang textile. The main business of the company will be pformed from the textile industry to the steam heating industry, and the enterprises will produce and sell adjacent counterpart, fatty alcohol (acid), chlor alkali and sulfuric acid series chemical products as subsidiary enterprises.

Yesterday, Huafang textile after the resumption of the stock price "one" word limit.

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< p > < strong > wait for IPO hopeless < /strong > /p >

< p > > < strong > the selection of the shell of the energy for the scarring energy of /strong > < /p >

< p > it is understood that before the Jiahua energy, it has submitted a listing application to A shares.

However, due to the long queuing of IPO, Jiaxi energy has finally chosen to go backdoor listing.

The total share capital of Huafang textile company was 315 million shares, and the stock price was 5.45 yuan before the suspension. Although the performance loss in the first three quarters, the asset liability ratio of the 57% was also good. It is obviously an ideal shell resource.

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< p > according to the announcement, Jiaxi energy will be priced at 5 billion 800 million backdoor Huafang textile.

Huafang textile intends to take all assets and liabilities owned as assets, and replace the equivalent parts of the 100% stake of Jiahua energy owned by 96 trading parties such as Jia Hua group.

The difference will be purchased through a non-public offering of about 932 million 330 thousand and 800 shares at a price of 5.32 yuan / share.

In addition, the company intends to raise the matching fund by non-public offering of 500 million yuan, the issue price of not less than 4.79 yuan / share, for Jiaxi energy to invest in the construction of "cogeneration unit expansion project".

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< p > Jiaxi Energy Holding Co., Ltd. < a href= "//www.sjfzxm.com/news/index_cj.asp" > shareholder < /a > Jiahua group, holding 61% of Jia Hua energy company. The actual controller is Guan Jianzhong of Xiaoshan, Hangzhou, who is 45 years old. Her family owns 69.07% stake in Jiahua group.

That is to say, once the backdoor is successful, the market value of the stock held by the Guan Jianzhong family is even more than 2 billion yuan at yesterday's closing price.

In addition, there is also a Chinese Sanjiang Fine Chemical Co., Ltd. (referred to as China Sanjiang chemical industry and Hongkong motherboard code 02198.hk), which is listed on the Hongkong stock exchange.

Yesterday, the closing price of chemical industry in China's Sanjiang chemical industry was HK $4.45. Guan Jianzhong and his wife held 48.3% direct and indirect shares, with a market value of HK $more than 2 billion 100 million (equivalent to more than 1 billion 600 million yuan).

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< p > < strong > the venture capital has been waiting for many years, < /strong > /p >

< p > < strong > share this cake < /strong > /p >

< p > with the backdoor listing of Jiahua energy, many venture capital organizations are also expected to get a share in the capital feast.

Statistics show that among the 96 shareholders holding the 100% stake in Jiahua energy, there are venture capital companies such as Hangzhou Xiang Feng Industrial investment, Laizhou Decheng investment and 8 Jiuding partnership enterprises.

In December 2010, Jiaxing Group invested 61 million 400 thousand yuan of its holdings in the price of 5 yuan for each 1 yuan contribution. Beijing Jiali Jiuding and Suzhou Taijin Jinding Jiuding each invested 115 million yuan in the amount of 23 million yuan (equivalent to 23 million shares later). Xiang Feng industries and Decheng investments respectively invested 24 million yuan and 20 million yuan in the allowed amount of 4 million 800 thousand yuan and 4 million yuan respectively (equal to 4 million 800 thousand shares and 4 million 800 thousand shares respectively).

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< p > November 2011, Jiaxing energy increased capital, the increase price was 7 yuan per share, Suzhou Jiaxing Jiuding, Jiaxing Chunqiu Jinwen Jiuding, Suzhou Tianquan Zijin Mountain Jiuding, Jiaxing spring and autumn Qi Huan nine Ding, Suzhou Tianshu Zijin Mountain Jiuding, Jiaxing spring and autumn Chai Zhuang Jiuding altogether invested 235 million yuan to buy 33 million 600 thousand shares Jiaxi energy; Decheng investment subscribed 1 million shares.

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< p >, so the eight Jiuding partnership enterprises hold 17.68% of Jiahua energy, and Decheng investment and Xiangfeng industries hold 1.11% and 1.07% shares respectively.

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< p > < strong > IPO after restart, < /strong > /p >

< p > < strong > the backdoor fever is cooling down < /strong > < /p >.

During the suspension of < p > IPO, more than 30 enterprises in Zhejiang queuing up for IPO were terminated for financial verification. Many enterprises in Zhejiang Province were seeking backdoor listing.

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< p > such as the Great Wall film and television IPO blocked, the final choice of backdoor Jiangsu Hongbao.

Recently, the application for reorganization was suspended due to the fact that the relevant parties involved in the reorganization were suspected of breaking the law.

Zhejiang province dredging project Limited by Share Ltd IPO after being destroyed, it was finally purchased by Xingyuan filtration for 360 million yuan.

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< p > in addition, in the first half of this year, the upper peak cement held by Zhejiang Shang Feng Holding Group Co., Ltd. was successfully listed on the back of *ST copper city.

After several years of Marathon love, Zhejiang county's original estate and *ST North student are also getting closer and closer.

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< p > with the restart of IPO and the condition of backdoor listing equal to IPO, < a href= "//www.sjfzxm.com/news/index_s.asp" > market < /a >, it is expected that the upsurge of backdoor listing will cool down.

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