All-Poly introduced IDG Chinese investment shareholder Question No real meaning

Our reporter Xia Fang "The company has been with IDG and the Chinese group signed a directional additional agreement, currently in the Securities and Futures Commission [micro-BO] approval, today (April 3) morning, the broker feedback to the Securities and Futures Commission, waiting for its next audit." Wang, chairman of the board, made a statement to the shareholders at the 2013 annual meeting. However, on the entry of strategic investors, the presence of shareholders questioned, said there is no need to introduce strategic investors, also do not understand why the introduction of IDG and the group. In order to introduce strategic investment to promote transformation it is understood that in last September, the whole of Germany started the issue of non-public issues related issues. The company intends to issue no more than 24,946,545 shares of RMB common stock, issued to the IDG Capital Management (Hong Kong) Limited, China Hotel Management Limited 2 specific investors. This non-public offering shares the price of 14.03 yuan/share, is expected to raise funds not more than 350 million yuan. The company said that the collection of funds will be used in the whole poly-san Venus Cooked Food Workshop construction project, the whole poly-tak imitation meal production base construction projects. From the above, we can see that the whole poly-Tak will increase the food sector investment, which is the company's catering business after a major impact on the strategic transformation. In this respect, Wang said, the current venture capital is transforming into industrial investment, IDG into the whole, its international capital and investment philosophy will play an active role in the investment decision of the whole Poly tak. The introduction of the Hua-residential group, is the choice of their ability to choose High-quality properties throughout the country. "The future of the whole poly-Germany to exert a long triangle, will use the Chinese-residential group in East China Regional development." "Do not rule out the joint push for higher share prices for the introduction of the strategic investors, Yu Hua investment director, general Manager Appl in the securities daily, said in an interview, as an investment agency, to increase the way to invest in listed companies than the risk of investing in listed companies, is a good thing for VCs. IDG and the Chinese housing Group through the promotion of the total Poly Tak, entered a low valuation, and to the capital market to bring more space for the imagination, will certainly promote the rise in share prices. But for the whole, the introduction of strategic investors, in addition to the decision-making mechanism to help, do not rule out the short-term in the joint promotion of the two-tier market share price of the possibility, but also do not rule out the diversified development of poly-DE, for the future spin-off listing to prepare. Appl's analysis was also confirmed in Wang. As a strategic investor, Wang the introduction of IDG and Hua-Live group, and gave the shareholders a good prospect of introducing it to the whole, and also painted a "pie" in the two-tier market. He said that when IDG and the group entered, their shares would be locked up for more than 36 months, so they would be very concerned about the company's market capitalisation. For them, if stocks do not appreciate, their investment will fail. Therefore, the introduction of strategic investors to enhance the company's market value is helpful, but also for small and medium-sized shareholders in the two-tier market stock appreciation of the benefits. The introduction of strategic investors was questioned by shareholders however, for the whole of this movement, notFew shareholders remain sceptical. A shareholder of the Securities Daily said that in the catering industry under the impact of the situation, the Quan Ju Tak should vigorously develop the food industry. At the meeting of shareholders, although this point, but did not give a better plan and strategy. The capital market is to see the development strategy of the whole Poly Tak, want to have the "story" of the foreground, but the whole gathers the virtuous but did not give the market a good strategy story. Similarly, Yang Hai, senior strategy analyst at Open Source Securities, said in an interview with the securities daily that the introduction of a strategic investor by the whole of Germany had no substantive significance. In Yang Hai view, as an old enterprise, the whole poly tak not bad money, and the increase in the amount of funds raised is not large, so the introduction of VCs will not give the company more development. Linked to the current speculation of the very fiery state-owned mixed ownership, with a national background of the whole poly Germany to introduce strategic investors, whether with the reform of state-owned enterprises are linked? In this respect, Yang Hai said, does not exclude all poly tak to meet the policy, the introduction of foreign capital and private capital, there is a suspicion of show. Poly-Tak is a mature brand, do their own products on the line, there is no need to enter strategic investors.