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Gem Refinancing Accelerated &Nbsp; 7 Companies Proposed Increased Fund-Raising 2 Billion 300 Million

2012/3/15 18:00:00 16

Fund-Raising Start-Up Company SFC

Gem refinancing accelerated pace, 7 companies to raise 2 billion 300 million yuan, two GEM companies approved increase approved


In the 7 GEM companies that have announced plans for private placement, Li's and blue cursor (300058) plans have been approved by the SFC.

And Shun net technology (300113) will stop implementing the plan.


  

Li Si Chen

In November 8, 2010, a private placement plan was announced. The company intends to purchase a 100% stake in Shanghai Internet technology by Aman Chang, a natural person, with a price of 295 million yuan.

Later, Li Shi Chen changed the price and quantity of the additional price according to the market situation, but the amount of raising money remained unchanged.

Finally, the scheme was approved by the SFC in November 2011.

Li Si Chen became the first GEM listed company approved by the private placement scheme.


Two months later, in January this year, another gem's blue screen cursor purchase plan was also approved by the SFC.


Li Si Chen's issuance was approved, which undoubtedly encouraged GEM companies to refinance their assets.

After November 2011, Hengtai app (300157), Gao Xinxing (300098), Hong RI Pharmaceutical (300026) and anoch (300067) four GEM companies put forward the proposal of private placement to buy assets.

Hengtai appro and Gao Xinxing's plans have been approved by the shareholders' meeting.


At present, Gao Xinxing plans to increase fund-raising of 497 million yuan, ranking the first place in refinancing of GEM companies, while the red sun pharmaceutical company follows 475 million yuan.


With the market changing, half of the GEM companies have fallen below the fixed issue price.

Among them, Hengtai AI Pu private placement price is 42.34 yuan / share, at present, the company's stock price is 26.60 yuan / share.

In January this year, the share price of Hengtai app fell to 17.67 yuan / share.

The change of share price brings uncertainty to the implementation of these companies' private placement.


Gem expansion impulse


GEM companies use private placements to purchase assets to achieve industrial expansion.

Over raised funds

It is a more commonly used method for GEM companies.


Since January 1, 2011, GEM companies have spent 14 billion 84 million yuan on the acquisition of equity and assets, most of which come from the over raised funds of GEM companies.


For example, the ophthalmology hospital (300015) used 280 million yuan to purchase and build ophthalmic hospitals in various places in order to achieve the strategic goal of expanding the company throughout the country.

Hypergraph software (300036) uses 208 million yuan to acquire shares of technology companies.


In addition to industrial expansion, the purchase of fixed assets (mainly real estate) is also keen on GEM companies.

Among them, Jingwei electric material (300120) bought 27 million 110 thousand acres of Tianjin small station industrial area with an area of about 271.11 mu.

Digital political connections (300075) purchased many properties in Beijing maple blue international centre.


Statistics show that there are 293 gem.

Listed company

First, the actual fund-raising of 187 billion 172 million yuan, of which the raised funds amounted to 116 billion 580 million yuan.

According to the data of Shenzhen Stock Exchange, as of June 30, 2011, GEM companies had used 31.07% of the funds raised, and 21.89% of the over raised funds had been effectively used.


While the gem is expanding, it also faces the problem of overvaluation of assets and even obvious interest pfer because of "no bad money". It deserves the attention of small shareholders and regulators.

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Read the next article

GEM Companies Will Refinance Or Will Release &Nbsp; They Will Be Pushed To The Main Board And Small And Medium-Sized Boards.

In October 2011, the China Securities Regulatory Commission formally issued a notice to make it clear that the gem listing companies applying for non-public offering corporate bonds (hereinafter referred to as private debt) will implement the relevant provisions of the "pilot approach to corporate bond issuance", and start the prelude of refinancing of GEM companies. However, the Shenzhen Stock Exchange has not issued specific provisions on the issue, and gem refinancing has not officially start