Listed in the next five years or become a vane indicator in the bathroom hardware industry
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In the transformation of the stock-holding system, Shen Luda’s pace of restructuring never stopped “Our steps are not so fast, take timeâ€. In April of this year, Shen Guangda founder Hong Guangming said in an interview with the media that when he talked about the development strategy in the second half of the year, he Said that Shenluda will begin to enter the transformation road, introduce social resources, transform the company into a joint-stock company, and transform the family-owned company. As for why the reform of the joint-stock system should be implemented, the answer given by Hong Guangming is: If an enterprise wants to become bigger and stronger, it cannot do it by relying on family-style management methods. After a certain degree of success, the enterprise should give it to the society and let the social funds. Participate with shareholders. In the development plan for its transformation into a joint-stock company, Shen Luda has prepared more than 3 billion yuan to the country’s 2 billion yuan. By the end of this year, it will use 5 billion yuan to support the construction of the new plant and refresh the equipment. The joint-stock reform will be completed within this year and is expected to be listed three years later.
In late May, the Nan'an City People's Government issued a message that the city's 10 companies, namely Bandung Stone, Shenluda, Brilliant Plumbing, Xishi Stone and Jiumu Group, were identified as provincial key listed reserve companies in 2010.
July 19th Focus Real Estate Network, "Shenluda Co., Ltd. Proposed Initial Public Offering of A Shares Accepting Guidance Announcement" published by the Fujian Daily News, said: Shenluda Co., Ltd. plans to make initial public offerings of shares (A shares) and listing. Accepting the listing counseling of China Merchants Securities Co., Ltd., whether the stock can be issued and listed in the end is still subject to the approval of the China Securities Regulatory Commission. At this point, Shenluda ** entered the actual operation stage. On its official website, Shenluda Group Co., Ltd. has also changed its name to Shenluda Co., Ltd. and established it in 2009.
Support from the government, enterprises are forced to reform and market another engine In recent years, private enterprises in Nanan, Quanzhou, Fujian province have undergone reforms. The sanitary ware, building materials and other companies have implemented joint-stock reforms, and they have invariably sought listing **, hoping to rapidly expand through the capital market. Scale, to seize greater market share to break through the situation of well-known foreign brands occupy the high-end market. This boom is not just a strategic change that has been proposed by companies seeking unilateral breakthroughs. The participation of government forces is a potential boost. In March 2007, Nan'an City started the corporate restructuring listing project and issued various regulations. This preferential policy has become another engine for companies to force restructuring and listing.
The active support of the Nan'an municipal government boosted the listing of Nan'an enterprises. As of March this year, the Nan'an municipal government has fulfilled more than 20 million yuan in subsidy funds to support the restructuring and listing of enterprises. On April 27th, Nan'an City held a mobilization meeting for the promotion of corporate restructuring and listing management innovation in Nan'an City, mobilizing more enterprises to join the list of restructuring and management innovation, and proposed to complete 100 restructuring enterprises in 3-5 years and cultivate 50 listed and reserve enterprises. To achieve the development goals of 20 domestic and foreign listed companies.
Up to now, there are 29 listed companies in Nan'an City. Among them, 9 companies have completed the goodfeel of joint-stock reform, and 5 companies have introduced strategic investment funds of 800 million yuan. They have basically completed the preparatory work for listing, among which the Provincial Securities Bureau is instructing and filing. Among the three companies, one was accepted through counseling and one foreign exchange acceptance letter was obtained.
Listed games, the next five years, listing or into the bathroom industry, another wave If the bathroom industry in 2009 is the keyword "star endorsement", then for 2010 in Quanzhou Nanan plumbing sanitary companies, the hotter keywords seem to seem non- "Listing" must be. In addition to Shenluda, several major bathroom companies in Nanan have been actively planning for listing. In December 2009, Jiumu Group's annual global marketing event - "2010 Global Dealer Annual Meeting" was held in Xi'an. At the meeting, the Chairman of Jiumu Group, Lin Xiaofa, revealed that Jiumu Group planned to launch a listing plan in 2010. A shares listed. As early as August 2007, Jiumu Group signed relevant cooperation agreements with China Jianyin Investment & Securities Co., Ltd. and China Construction Bank Co., Ltd. for the company’s domestic public offering business (IPO business). At the annual meeting of dealers, it was apparent that the listing strategy was prepared after two years of careful preparation.
Looking back at the transformation process of brilliant plumbing, as early as 2008, the brilliant plumber chairman Wang Jianye said in an interview with the media that the brilliant plumbing is realizing the reform of the joint-stock system and is seeking to be listed before 2010. The time passed until December 2009 when the brilliant plumbing 2010 elite summit was held in Quanzhou. Wang Jianye reiterated at the conference: “We propose to achieve the goal of listing in 2010 and striving to create an international brand in 2015 because of the current domestic and international market development situation. Unclear, so our progress is somewhat slow, but we are still walking along the path of listing, using the standards of the listing to ask ourselves."
Today, Sogou, 2010 is about to pass. Although Jiumu and the brilliant plumbing have all made strategic targets for shareholding restructuring, as of yet, no information has been released on the listing process. In addition to twists and turns, outsiders have only left in addition to the company’s own tasting. Under speculation. There are three barriers that companies must go through: environmental standards, management improvements, and continued profitability. In particular, after the announcement of the listing results, the company’s most secretive profitability problems will be sun-shining. These are the challenges that are placed on the listed companies.
When Shenluda, Jiumu, and brilliant plumbing are still in full swing planning for listing, on March 30, 2010, one of the four major families of Nanan plumbing sanitary ware, Zhongyu Sanitary Ware Co., Ltd. first set the head and fired up the first batch of sanitary ware. According to the German "Frankfurters" report, Zhongyu Building Materials Group Co., Ltd., a Chinese manufacturer of bathroom products and faucets, successfully listed on the Frankfurt Exchange with a trading price of 14.75 euros on the 30th, an increase of 13.5% over the issue price, and IPO financing of 105 million euros. It has become the first listed company in Quanzhou plumbing and sanitary ware industry, and it is the largest Chinese company to enter the Frankfurt stock market.
Zhongyu Sanitary was successfully listed on the main board in Frankfurt, Germany. It was a breakthrough in the listed company in Nan'an City. It has set a clear benchmark in the new field of corporate restructuring and listing of shares, and regardless of the level of listing at home and abroad, any one Companies taking the lead in achieving the listing are powerful spurs for enterprises that are actively preparing for listing. The pace of the listed companies in Nanan is quietly accelerating. The hot spring of Nan'an listing in Quanzhou spreads out. Nowadays, with bathing companies such as Au Lusha and Emperor sanitary ware, they have proposed the development strategy of restructuring and listing, and each company is preparing a huge listing plan in the future. Within five years, there will be more sanitary companies joining the ranks of the listed companies. In the capital market, a new round of games will be launched. After the sanitary ware celebrity endorsement and cross-sector brand management, there will be another wave of listings.