Eschde head doubt landing Board

Source: Internet
Author: User
Keywords Eschde SME board overhead
Shenzhen to add a new ding today, engaged in mobile phone sales agent of the Company (hereinafter referred to as "Eschde", the stock code 002416) will be officially landed small and medium-sized business. The shares on the eve of the IPO due to the disclosure of the prospectus with the "brother" (000829) "Brothers" and attracted special attention of the market.  Along with this, the competition of the same trade, the endorsement of the violation, the growth of the worries and so on.  Yesterday, Eschde to the newspaper about several big contentious issues raised by investors. The head of the board questioned the board Eschde yesterday issued a notice, the company will be in the SME market today, the issue of 40 million shares, the issue price of 45 yuan/share, the corresponding P/e ratio is 49.45 times times.  In this calculation, Eschde the financing amount will reach 1.8 billion yuan, after the issuance of the total share capital of 493.3 million shares. Since May 17, the completion of online purchase, Eschde was caught in the investor's query surrounded. First, the company's actual controller disclosed in the company's prospectus Huang Shaouwu and Huang Shaowen, the general manager of another listed company, the chief executive of Tian-Yin Holdings, caused the market to worry about its "insider trading" and "opportunity to ferry" possibilities. Subsequently, the media issued a claim, Eschde concealed the first major shareholder Shenzhou investment company exists in the bank acceptance of illegal endorsement of legal disputes.  In addition, the company's performance growth and the projected use of investment projects have also caused a lot of controversy in the industry.  The Brotherhood deal is questionable. Huang Shaowen's name has appeared in Eschde's prospectus, which is the vice chairman and general manager of Tian Yin Holdings, and he has Eschde with the actual controller Huang Shaouwu.  Eschde and the days of the holding are engaged in Samsung, such as mobile phone sales business, this is a peer enemy, and the brothers in the "enemy camp" in possession of the right, this will inevitably make people's imagination.  Although Eschde claims to avoid competition, and said that "the company and the sky-tone holding belong to different control of the actual control of the enterprise, each other can not affect the other company's business decisions, there is no management personnel to use personal influence to implement a fair transaction or the transfer of business opportunities," but the industry is very skeptical of the implementation of the above  In this connection, Zi Dawei, a securities representative of the company, said yesterday to the newspaper that Huang Shaouwu, although the actual control of the company, but can not make decisions on the operation of the company, the important matters to the board of Directors, shareholders General Assembly resolution; The company's future growth concerns prospectus shows that Samsung mobile phone sales is its main source of income, in the last three years of operating income accounted for more than 80%. Therefore, the industry believes that too much reliance on a single product, resulting in the company to negotiate bargaining chips to manufacturers, once the agent brand mobile phone market share decline, retail channels are restricted, the company's performance will be greatly affected. Second, Eschde mobile phone product line grade is not high, such as 2008 its sales of 1000 yuan under the mobile phone has 4.77 million units, accounting for the total salesOf nearly 70%, and there is a rising trend of the year.  In this respect, the market personage said, this shows that the company's high-end product line pioneering ability is not strong. In contrast, the Eschde is similar to the main business.  But the data shows that 2008 and 2009 1-June Two time period, the main income of the Eschde is about twice times, while the Eschde net profit is more than twice times the day, and the first quarter of this year, the company's net profit increased by 71.19%.  Even if the company announced that the main demand for 3G products in the context of growth, the company increased cooperation with operators to improve product sales, but many market analysts still do not understand this, and even suspected that the financial data is exaggerated suspicion.  In addition, yesterday, Eschde to the other two questions--Raise investment project existence fund exaggerated suspicion, the company exists to conceal big shareholder legal dispute question also has denied.  Today, Eschde will officially land in the capital market, in the current market is poor, new shares frequently break state, performance is not outstanding and in the doubt surrounded by love Strickland can "open the door", the market is not too optimistic. And the company's attitude is more calm, the company said that the price of the listing has been fully prepared, not very concerned about. However, some insiders believe that Eschde's listing performance for Huang Shaouwu has greatly affected his net worth, with its offering price of 45 yuan/unit calculation, its shareholding value will exceed 10 billion yuan.
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