The work for getting listed on the new three board has been fully initiated in Anhui Youyi Pipe Co., Ltd.

data：2014年08月23日 view：1796次

The work for getting listed on the new three board hasbeen fully initiated in Anhui Youyi Pipe Co., Ltd.

    According to the news fromAnhui Youyi Pipe Co., Ltd., through previous consulting and discussion withrelevant organizations, the work for getting listed on the new three board hasbeen fully initiated inside this company on 2^nd Jul 2014 in order to revitalize the assets,broaden the financing channels, create multi types of profit model, attractmore talents, fully stimulate the enthusiasm and creativity of its administratorsand employees, promote a rapid and sound development.  

    Startingfrom 6^th July 2014, staffs from security company, accounting firmand law office has begun all kinds of preparation works of getting listed. Fullinvestigation has been expanded comprehensively and orderly under the directionof the company director Zhou Xingzu. Until 12^th Juy 2014, financialaudit work by accounting firm has been finished. The work for the other twofirms is still in progress. The full work is expected to be finished at the endof this month.

    The following is the procedure from fullinvestigation to getting listed:

1.      Project approval

① Selection of brokers, signing theagreement with host offer brokers for the recommended listed offer transferagreement.

② Decision regarding equity restructuringand new shares transfer for quotation will be made by board of directors andgeneral meeting of stock holders.

③ Apply to the local government for theoffer shares transfer of pilot enterprises.

2.      Investigation and material preparations

① Investigation and materialpreparations by relevant intermediary agents.

② Reports required for application materialsby relevant intermediary agents.

3.      Internal audit by security brokers.

4.      Regulatory review of the record

① Coordinate with host brokers toorganize the materials and report to the securities regulatory authority.

② The report is approval by thesecurities regulatory authority and the qualification confirmation letter willbe issued.

5.      Project listing

① Apply to the local government forlisting qualifications.

② Deal with host brokers for the shareregister formalities and getting listed in the exchange.

    Allthe above work is expected to be finished within six months.

    There are 10 benefits for Anhui Youyigetting listed on the new three board:

1. Strengthen thecompany’s financing efficiency through directional capital increase to raisefund.

2. Raise the levelof corporate management and standardized operation.

3. Wealth effect(Maximization of enterprise value and wealth effect is brought out with thestock holders)

4. Trans-boardmechanism – IPO (Growth Enterprises Market, Small and Medium-sized Enterprises Board,Main Board)

5. Brand effectand advertising

6. Stock cancirculate in the capital market and cash out.

7. Rapid listingwith high efficiency.

8. Financing withlow cost.

9. The enterprisecan get loan and support from the bank more easily.

10. Attract moremanagement and core technology talents.

   While the enterprise is developing rapidlyand healthily, enterprise backbones and core technology talents and management,distributors and business partners have shared the result of enterprisedevelopment and growth. The enterprise will help them to realize their dream ofcareer development.