A Further Wave of Going Public among Jinjiang Companies

A Further Wave of Going Public among Jinjiang Companies

According to the Jinjiang Financial Work Bureau, Haina Intelligent Equipment International Holdings Limited (hereafter referred to as Haina Machinery) is ready to be listed on the mainboard of Hong Kong Stock Exchange on June 3rd, making it Quanzhou’s first newly listed company for this year and the 47th listed company in Jinjiang. Previously, the other two local companies Zhengyang Technology Co., Ltd and Bohan Co., Ltd were listed on Haixia Equity Exchange.

Haina Machinery is to offer 116 million shares, including 90% for private sales and 10% for public offerings. The issue price will be 1.08 to 1.5 yuan per share, which means Haina Machinery will raise up to 174 million yuan at most. According to the company’s prospectus, 23.2% of the funds will be used in building a new research center in Jinjiang, 22.2% in enhancing research and development capacity, 16.2% in increasing productivity, 35.1% in acquisition to bolster its overall competitiveness and 3.3% for working capital and general corporate purposes.

Besides Haina Machinery, some other local companies are also preparing to go public, among which one has been approved by the CSRC for its applications for IPO, one under the IPO review procedures, two registered for pre-listing tutoring by the CSRC, three submitted and one preparing their IPO applications to Stock Exchange of Hong Kong Ltd, and another one planning to enter the selected layer of the New Third Board.

The capital market in Jinjiang has always been operating very well. In order to utilize the capital market and to build more powerful companies, Jinjiang governments at all levels support the local companies’ restructuring and listing by providing comprehensive back-up services, such as policy interpretation, specialized training, coordination and communication, experts exchange forum, door-to-door guidance and capital connection, thus creating a pro-listing environment for local companies. Based on the principle of “considerate service and immediate action”, making full use of the task allocation scheme which has been practicing and improving for years, the government is able to provide excellent services to companies which show interest in going public, through initiatives including supportive policies, one company one solution scheme, coordination and following 

晋江市再迎企业上市挂牌小高潮

　　　　日前，记者从晋江市金融工作局了解到，继正扬科技、博汉股份成功在海交所挂牌交易后，海纳智能装备国际控股有限公司（以下简称“海纳机械”）拟于6月3日在香港主板上市。上市后，海纳机械将成为泉州今年首家新增上市公司，也将是晋江市第47家上市企业。

　　　　此次，海纳机械拟发售1.16亿股，其中90%配售，10%公开发售。按照每股招股价为1.08元至1.5元计算，此次海纳机械上市最多可募资1.74亿元。对于此次募资用途，招股说明书显示，其中23.2%将用作中国晋江市设立新研究中心，约22.2%将用作提升研发实力，约16.2%将用作增强产能，35.1%将用作收购提升竞争力，3.3%将用于营运资金及一般企业用途。

　　　　除海纳机械外，目前晋江还有1家企业证监会过会，1家企业待证监会发行审核，2家企业获证监局辅导备案，3家企业香港联交所递表，1家企业拟近期香港联交所递表，1家企业谋划进入新三板精选层。

　　　　一直以来，资本市场晋江板块有着不错的成绩，为支持企业改制上市利用资本市场做大做强，晋江市各级各有关单位落实市委、市政府关于“不叫不到，一叫就到，服务周到，说到做到”服务要求，发挥和创新多年来形成的分工机制，通过政策扶持、“一企一议”、协调、跟踪服务、凝聚合力、创建市场环境等措施加大对后备企业的扶持，为企业提供政策解读、专项培训、协调沟通、专家座谈、上门指导、融资对接，营造企业改制上市环境。

　　　　据介绍，目前晋江市累计拥有境内外上市公司46家，首发融资金额约199亿元，证券市场总市值超3000亿元，再融资累计超500亿元，并购重组累计超670亿元，新三板累计挂牌15家，海交所累计挂牌交易5家，海交所青创板累计200家，海交所科创板9家。

　　策划：秦娴

　　执行：施珊妹 蔡斯洵 柯雅雅 董严军

　　翻译：林琳 张秀燕 吴景森 陈娟