Hang oxygen shares into imaginary foreground door

Source: Internet
Author: User
Keywords Shares prospects
Click to view the latest quotes Qui Yiping China Economic Times in the numerous false qualifications caused by the large prospectus fictitious, the new "three crimes" surfaced, the prospect of Hangzhou-oxygen shares again ripped open the prospectus "false face" truth. June 10 Just listed the gem Hang Oxygen shares, in the listing of the full moon scandal frequency exposure.  The prospect of the prospectus is fictitious and the sponsor's qualification is questionable. "The prospectus is more or less there, and it's not common to have two outbreaks so soon," he said.  "Hualong Securities senior analyst Neu Yang told the newspaper reporter. The prospect is questioned about the industry and prospects, the company's share prospectus shows that the current domestic total gas production enterprises more than 2000, most of the production scale is small, self-production is still the main supply model of domestic gas products, accounting for more than 50% of all domestic gas products.  Foreign companies have been in the domestic investment set up nearly hundreds of joint ventures or wholly-owned gas companies, accounting for market sales of gas products market share of more than 1/3.  And the share of foreign investment in the industrial gas market, confirmed by the parties, far more than 1/3, or even up to 90%. The national chemical industry gas product quality Supervision and Inspection center issued the "Domestic industrial gas status and development" at the end of last year, currently, France's "Air Liquide", "Messer", the United States, "Gas products Company" "Lex", Germany's "Lin de" company has invested in China to set up factories, the total amount of investment to more than billions of U.S. dollars,  has accounted for 70% of China's industrial gas market share.  Hudy, deputy general manager of Hangzhou Hang Oxygen Co., Ltd. also said in public that "90% gas supply market" is controlled by foreign capital. Sun Guomin, Secretary general of China Industrial Gas Industry Association, pointed out that the current domestic industrial gas companies scattered and disorderly, lack of competitiveness, did not form a scale, especially the lack of overall strategic considerations.  Strictly speaking, there is not a domestic enterprise can really compete with foreign industrial gas companies. Also, from the information shown in the prospectus, the company's description of the application of its products air separation equipment is exaggerated.  The company said that at present the international put into use the largest set of air separation equipment to achieve 110000 cubic meters/hour, the company's current production of the largest set of air separation equipment has reached 60000 cubic meters/hour.  The business development manager of the air Chemical Products Investment Co., Ltd., a study of the development strategy of the petrochemical and industrial gas markets, said that the industry knew that the extreme contrast between domestic and foreign enterprises in the air separation industry was astonishing. He said that at present for the Air Liquide Group, Lin Tak Group and other industry in the top 4 foreign companies, the single set of air-conditioning equipment oxygen production of 100,000-120,000 cubic meters/hour, design capacity in 150,000 cubic meters/hour of equipment also exists. From the industrial gas supply varieties, foreign-funded enterprises are not only doing air separation, hydrogen, carbon monoxide and rare gas business also attaches great importance, it is precisely this piece of business to foreign-funded enterprises to bring a rich profitRun。  However, at present, domestic enterprises in the field of hydrogen, carbon monoxide, rare gases, almost zero business. Sponsor related transaction The IPO of the company's second largest shareholder, China Huarong Asset Management company, holds 22.549% of the shares of the Hangzhou-oxygen stake, while the firm holds a 99.34% stake in the sponsor's Huarong Securities.  In other words, Huarong Securities and Hangzhou-oxygen shares is actually "brotherly relationship", are the subsidiary of Huarong Company.  June 9, in the "IPO Bulletin", Hangzhou-oxygen shares promise, Hangzhou-oxygen issue of the sponsor's Huarong securities as the company's two shareholder, China Financial Holdings of the subsidiary, will be in accordance with the provisions of securities trading related policies and regulations, reduce its holdings of issuers, until the proportion of the shareholding reduced to 7% of the range.  The fact is that the deadline for press release, the company holds Hangzhou-oxygen shares still hold the shares of Hangzhou-oxygen up to 18.56%.  Beijing June Junzejun law firm Zhou Huiming pointed out that, according to the "interim measures for the listing of securities issued by the sponsors", the sponsor institution and its major shareholders, the actual controller, the important affiliated party holders of the total shares of more than 7% of the issuer may not recommend the issuance of securities listed. "There is a fictional fact on the one hand, and there must be some bad related interests on the other."  "A large brokerage investment bankers told the newspaper reporter. The investment banker believes that a complete prospectus, the auditor, lawyers and sponsors of the joint signatory to enter into force, auditors and lawyers for their respective aspects of professional security, and brokerage as a sponsor, the entire prospectus to ensure the authenticity and accuracy. To eliminate the fictitious behavior of the prospectus fundamentally, it is more necessary to start the regulation from the broker.
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