IPO Change Of Textile And Garment Enterprises

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< p > recently, the road of IPO of textile and garment enterprises has changed suddenly. According to the change of the initial audit status of the enterprises released by the SFC in July 10th, there were not 597 of the 637 first round enterprises that were accepted and pre disclosed by the SFC.

Of these enterprises, there were 589 enterprises that stopped censorship.

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< p > that is to say, over 90% of the pre disclosure enterprises that submit the listed materials are in a state of suspension review.

Among them, the number of enterprises in textile shoes and clothing (including chemical fiber, fur products and textile sewing equipment enterprises) has increased to 25, accounting for 3.92% of the total number of queuing enterprises in two cities, IPO.

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< < p > and in the Zhejiang Securities Regulatory Commission's "list of the basic information on the suspension of examination and termination of the examination of the initial public offerings issued by the Ministry of supervision", the nine companies of silver textile, small pig banner, Weis man, border town sports, delhui, Xuchang Hengyuan hair products, Taihua new material, AB group and Eagle Xiang Chemical Fiber Company have terminated the examination, and the IPO process has stopped abruptly.

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< p > < strong > financial data overdue and censorship as "fixed action" < /strong > < /p >.

< p > according to the disclosure of the securities and Futures Commission, at present, only 1 Jordan sports enterprises have been in the textile and footwear industry. However, due to the fact that the trademark lawsuit against American basketball star Jordan has not yet been done, Jordan sports has not yet been able to welcome the day of listing for two years.

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In the P > sub category, there are 5 textile enterprises in 25 garments and clothing enterprises submitted for listing, namely, Zhejiang new Australia textile (main knitting wool, wool strip processing and dyeing), Jiangsu Dan Mao textile (main wool strip dyeing, combing, weaving and dyeing and dyeing), Jiangsu Shenli Industrial (main outdoor leisure clothing fabric shakes cashmere), Zhejiang Taiwan China new material (main polyamide fabric), Hua Mao (Xiamen) new materials technology (main industry textiles, including automobile safety air bag cloth, netting cloth, sailboat cloth, bulletproof cloth, etc.), Zhejiang Province, and Zhejiang Textile (main adhesive lining raw raw materials, base cloth).

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P > women's clothing enterprises have 4, namely Nanjing Vigna S fashion, Xiamen, a, target=, "_blank" href=, "http://www.91se91.com/", "dress" /a "," Zhuhai "," dress "," 1 "," Golf "and" casual wear "," 1 "," Bi Lingfa "clothing (including some women's clothing business); 2 sporting goods enterprises, respectively, Jordan sports and del Hui; 3 men and women leather shoes enterprises, Zhejiang Red Dragonfly shoe industry, Hasen trade (China), Guangzhou Tian Chong fashion shoe industry (kissing cat), 1 outdoor enterprises, Nanjing border town sports goods, 1 traditional underwear enterprises, Jiangsu AB group. <

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* P > 1 home textile enterprises, 2 for home textiles in Hunan, 2 for women and children, 2 for women, children and children, Guangdong for pigs, 1 for knitting, 2 for chemical enterprises, 1 for textile machinery and textile, and 1 for export products.

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< 15 > < < p > < < a > > href= > http://www.91se91.com/news/index_c.asp > > textile shoes and clothing enterprise < /a >, according to the issuance supervision question and answer about the suspension examination of initial public offering issued by the SFC, the reason is that the audit procedure can not continue due to the incomplete application documents (see table).

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< p > in fact, the main factor leading to the incomplete application documents is the temporary suspension of the review of the financial data over the validity period. The SFC said that the queuing audits should be resumed according to the procedures after the issuer has made supplementary financial information, which can be said that these enterprises will not pose a big problem.

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< p > the root cause of this phenomenon lies in the "barrier lake" issued by A shares.

According to the arrangement of the SFC, from June to the end of the year, it is expected that 100 companies will be issued, that is, no more than 15 companies will be listed on a monthly basis. Most companies need to continue to line up for the next year or the following year.

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Less than P and years of waiting, the IPO company has to face the problem of overdue data and frequent financial data.

Therefore, the suspension of the review is likely to become a "fixed action" for the textile shoe and clothing enterprises queuing up.

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< p > < strong > referee "stop" to terminate the examination "embarrassment" < /strong > < /p >.

< p > for textile enterprises suspended due to the expiration of financial data, the hope of its listing is still there, and the A stock market has already been impossible to achieve.

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< p > data show that Zhejiang silver textile, piglet, Wyman, border town sports, delhui, Xuchang Hengyuan hair products, Taihua new materials, AB group and Eagle Xiang Chemical fiber nine companies have terminated the examination, most of them are garment manufacturing and upstream textile fabrics enterprises.

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This is the second time that P, the women's clothing company, has been sprinting IPO. For the first time before the acceptance of the Vetting Committee, the SFC announced that there were still other related matters to be further implemented and decided to cancel the audit.

From the perspective of public information, it has been exposed that the quality of products is not up to standard and a large number of franchisees have been launched.

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"P *" is unique. In the enterprises that have stopped censorship, children's clothing brand pig pig has also been exposed to quality problems many times before.

In May 2011, the results of the Xi'an Municipal Quality Supervision Bureau showed that there were nearly 20% of the local children's clothing quality problems.

In the two quarter of the same year, in the sampling inspection of the Wuhan Bureau of industry and commerce, the children's round neck short sleeved knitted sweater was also found to be unqualified.

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< p > in addition, as sports shoes and clothing enterprise del Hui, and Jordan, sports almost simultaneously start IPO, but the fate is very different.

With the increasing pressure of the macro-economy, the financing gap of the textile and footwear enterprises is getting bigger and bigger. Capital has become a stumbling block for the development of these enterprises.

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P has been terminated and has to find other financing channels.

For enterprises, when the A share financing channel fails, most of them will choose the Hong Kong stock market. For example, the former leather shoes enterprises are rich birds (01819, HK), < a target= "_blank" href= "http://www.91se91.com/" > brand clothes "/a" > retailers Nochi (01353, HK) and so on.

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