Quanzhou small and medium-sized shoe companies transfer overseas listing

Following the listing of three companies, namely Meike, Qingmei and Fink, the industry has recently heard news that a shoe company in Jinjiang is listed on the Korean Stock Exchange: The listed company is named “East Asian Sports” and the number of issued shares is the total share capital. 41% raised a total of 283 million yuan.

According to rumors, the “righteous owner” behind the “East Asian sports” is the Jinjiang shoe company seeking quality, but when the reporter seeks confirmation on the quality in this news, the company’s relevant personnel denied it. When the reporter recently dialed the company’s chairman’s mobile phone, the operator who claimed to be the assistant to the general manager denied to reporters the news of his listing in Korea. He only admitted that there was a listing plan, but the relevant information was not disclosed.

He cited the Korea Stock Exchange and now the business community in Quanzhou is no stranger to it. Last year, Quanxing Sports Brand Hongxing Wodengka brand holder, China Superstar International, was listed on the Korean Stock Exchange with a financing amount of 40,66,630 USD. Earlier, Fujian Huafeng Textile International Group Co., Ltd., China United Technologies Holdings Co., Ltd., and Sanli Locomotive Co., Ltd. had successively listed in Quanzhou.

It is reported that since 2007, the listed companies in Jinjiang have rapidly developed from 5 at the time to the current 23, and established a reserve resource base including 78 companies. At present, 23 private enterprises in Jinjiang, which have successfully listed on the domestic and foreign stock markets, have accumulated a total of RMB 14.036 billion in raised funds. The total market value is nearly 120 billion yuan, ranking second in the country after Jiangsu Jiangyin. At present, Jinjiang carries out rolling management of listed reserve companies, reporting to 8 key listed companies in Quanzhou, and adding 22 listed companies in Jinjiang, which has increased to 78 in total. In addition to Meike, Chingmei, and Flyco, the three companies Xinhua, Youlanfa, and Huali Shoes are expected to be listed in the first half of the year. Jordan, Delhui, Industrial Leather, Leather Leather, Pacific Shoes, Thai Asian footwear companies and other six companies are expected to be listed in the second half of the year. Among them, Xinhua Company has submitted application materials to Hong Kong Stock Exchange; Delhui, Jordan and other six companies have reported to the relevant provincial departments for counseling and filing. In addition, more than 30 companies have signed contracts with brokers to enter into substantive listing procedures.

Some small and medium-sized enterprises that are not well-known are choosing to go public overseas and are becoming a new phenomenon in the business community in Quanzhou. In this regard, experts analyzed that although some offshore capital markets are in non-mainstream markets, due to their low threshold, high efficiency, and controllability of costs and costs, private enterprises in Quanzhou can still be better listed. At present, non-mainstream markets such as Malaysia, South Korea, Australia, and Germany are being watched by some SMEs. Experts believe that companies choose to list in which regions, but subjective choices based on objective conditions, there is no distinction between superiority and inferiority, the key is to see the purpose of listing companies.