129762943167812500_33Big blast IPO to avoid the sensitive period of the associated sales keep worries
"10·16" accidents and for public opinion was focused towards the big blast of IPO's door. From the perspective of time on, quite a few minutes of elaborate – period of 2009 to 2011, incidents occurred in 2008, IPO draped over the three years, avoiding both the "first three years without a major illegal" review of red, negative impact also has time to digest the businessFinancial reports
tera gold, repair. But this does not mean that its IPO
tera gold, 2011 Cairon, red flag on the explosive chemicals are not, due to questions about its sales – under the control of industry focused sales and related transactions, hard to guarantee independence and sustainable profitability; big explosion there is a similar situation, whether or not the industry. The SFC announced on March 12 in GuangdongGreat blasting company prospectus disclosure documents, explosive lay members know the company's name, most of origin 2008 "10·16" extraordinarily serious safety incidents. According to the prospectus disclosure: "10·16 incident" in which 16 people were killed and 48 wounded, 16.25 million total losses of the issuer by reason of the accident, administrative penalty and subject to a fine of $ 1 million andTwo directors of administrative penalty is punishable by a fine. The initial public offering of shares and listing regulations for article 25 provides issuers shall not: Although the violations occurred in the 36 months ago, but is still in a State of continued; violations of laws and administrative regulations within the last 36 months, subject to administrative punishment, and in serious cases. Accordingly, the ambitious blasting the current report listing period (2009 years to 2011), "10·16" has been in the last 3 years this sensitive period. Prospectus of the company description: since its inception, always adhere to safety as the Foundation for enterprise development, comprehensive protection capability of enhancing safety, improving inherent safety management level of the company; major safety accident did not occur during the reporting period, no significant violations.However, or for reasons of regulatory requirements, big blast is at the end of the prospectus provide a detailed argument: "10·16 incident" concrete situation, the impact on the company, and does not constitute an IPO intermediaries of the real obstacles. In the prospectus, sponsor organizations and lawyers quotes the regulator the ultimate "10·16 incident" qualitative, verify that it is not accident,By accident or as a result of irresistible natural factors at present scientific and technological conditions and unpredictable incidents; it said did not constitute serious violations. However, happenstance dispute aside, return to the industry, two explosive industry last year both IPO discount JI, SFC reject causes comparison revealed by this huge blast pass through, is worth exploring. Back to searchInformation, May 4, 2011 Hubei Kai Dragon chemical group's IPO was not, Shaanxi red flag explosive group IPO, October 12 is not. Review of SFC Cairon chemical: "explosives production and management in enterprises in Hubei province through joint venture Hubei Luen Hing company to control the supply and marketing of industrial explosives in the province. Corporate reporting on the associated sales amount and percentage, 37%%, 43%, sustained profitability in doubt. "Review of SFC Hongqi industrial explosive:" Department of Yulin is Thailand into the business, the management of State-owned enterprises in Yulin city, for your company's largest customer
diablo 3 gold, reporting period sales ratio, 56.27%, and 51.41%. Your company and the Thai workers interested in Yulin, defects in independence. ”Check the big blast prospectus, on five key account sales revenues during the reporting period by 76.08%, and 73.32% to which the monopoly of civil explosive materials in Guangdong Province has been for the biggest customers, sales revenue total revenue ratio, 25.24%, and 25.66%, removal of explosive service if the productSales accounted for separately, than 80%. Bursting of the great disclosure of actual control of artificial wide industry assets, enterprises directly under the Department of Guangdong SASAC. Reporters check the monopoly of civil explosive materials in Guangdong Province Guangdong material belongs to the group, it is directly under the province's State-owned assets supervision supervision. For this, the prospectus said: the safety management of civilian explosives Ordinance (2006) after the implementation of the legislative levelAllows explosive explosive materials production enterprises sells products directly to downstream users, but explosive industry market competitive mechanism is a long-term process. At present, the company's sales process: end users to Guangdong Province in the specific needs of the company offered to buy the company's products in circulation and circulation enterprises according to the specific needs of the end customer to purchase before sending to the companyEnd-customers.
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