NVC's first day diving Taifeng re-launch plan

On May 21, according to Hong Kong media reports, NVC Lighting (2222) was listed on the first day of yesterday, and closed at 2.04 yuan, which was 0.06 yuan or 2.86% lower than the offer price of 2.1 yuan. The 1,000 shares of the hand, regardless of the handling fee, the person who subscribed for the stock has a face eclipse of 60 yuan.

NVC Lighting opened the market at 2.1 yuan, the same as the offer price, the highest reported 2.21 yuan, the lowest see 2 yuan, the turnover of 406 million shares, involving an amount of 859 million yuan, among the top ten trading shares. Wu Changjiang, the chairman of the company, expressed satisfaction with the stock price performance after the listing ceremony. He said that after considering a lot of market factors, he decided to use the lower limit of the offer price of 2.1 yuan, and the proceeds will be invested in LED production.

He said that although LEDs account for a very small proportion of the overall business, they will consider expanding LED production capacity in the future. They will also consider expanding their inland and overseas business through mergers and acquisitions or integration with other companies. It is expected that LED production will increase by multiples this year. .

Taifeng restarts listing plan

In addition, the international Taifeng re-launch listing plan, which was put on the market in November last year, will be launched next Monday, and will be listed before the end of this month and will be listed in early June. According to the news, the amount of funds raised by Taifeng will be reduced to about 300 million yuan, which is 400 million to 525 million yuan compared with the previous plan. The fund raising will be reduced by more than 40%. Taifeng also replaced the underwriting team, from Lyon to Lianchang as the sponsor, while China Merchants Securities and Dahe were underwriters.

The news also said that in order to increase the attractiveness, Taifeng may offer a 5 to 6 times IPO with a very attractive P/E ratio. According to the preliminary prospectus file uploaded by Taifeng on the Hong Kong Stock Exchange (388), the company's proposed dividend for 2010 is not less than 20%. The profit for 2008 is 13.6% lower than that of 2007 to 106 million yuan. The annual growth was 1.32 times to 248 million yuan. According to the document, Taifeng’s turnover in the past three years has been gradually trended from cotton yarns. In 2009, cotton yarns accounted for 54.4% of the total revenue, while bedding products rose to 45.6%. In 2009, cotton yarns fell to 12.3%. The gross profit margin of bedding products increased to 49.6%.

Titan (2188) yesterday's IPO deadline, 10 brokers jointly lending a total of 3.704 billion yuan, equivalent to more than 153 times over-subscription of the public offering, the public offering must be returned to 50%.

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