Overseas Chinese city to reassess assets

The overall listing proposal has not yet been submitted to the SFC--an interview with Oct Dong Li Kehui May 18 Night, Shenzhen Oct Holding Co., Ltd. (000069 Oct) announced that Oct Group's main business package listing plan will be adjusted as a major asset restructuring approach.　　At present, the controlling shareholder overseas Chinese City Group Corporation (hereinafter referred to as OCT) is advising the State Council SASAC on the matter and doing the demonstration of the project.　　This led to the decision of OCT to suspend its licence since May 19. The overall listing of Oct Group is twists.　　Prior to this, Oct planned to publicly issue no more than 1 billion shares (including 1 billion shares) A-shares, the amount of fund-raising does not exceed 8.3 billion yuan, for the purchase of Oct Group injected 13 companies all equity, so as to achieve the overall company's main business listing. The plan was approved at the second provisional General meeting in 2008. At the same time, also received the Securities and Futures Commission issued a professional review of two pass.　　But the plan has been postponed since 2008, when capital markets have plunged.　　Now Oct has suddenly "face", the public fund-raising scheme for the overall listing adjustment for Oct to the OCT group to purchase assets to achieve the overall listing.　　For the overall listing of the program's mutation, yesterday, "Securities daily" reporter interviewed the overseas Chinese town of Dong-Li Kehui.　　The original overall listing scheme evaluation report has expired "securities daily": Last year I interviewed you, asked the overall listing of the progress of the plan, you said that has been reported to the SFC, why have suddenly changed its mind?　　Li Kehui: It's not a sudden, but we've already had an overall listing, and it's expired at the end of last year, so it gives us a chance to revisit the matter.　　Securities Daily: What do you think is the difference between two programs?　　Li Kehui: The difference is that, before the scheme is adjusted, the overall listing needs to raise funds from the capital market, and after adjustment, it will become an overseas Chinese city group directed additional purchase assets.　　"Securities daily": to give up the public offering, and take a major asset reorganization, so that the adjustment, when to make the decision?　　Li Kehui: Specifically not clear, we also just know that changed the overall listing of the plan, but also just received the notice of the group. Change the overall listing plan not bad money "securities daily": You said that, according to Oct before the plan, as long as Oct shares reached more than 9.2, you can achieve the amount of 8.3 billion funds raised, but before the suspension of the overseas Chinese town has reached more than 17 yuan price.　　So logically, the plan to change the overall listing is not because of the fear of not raising so much money, but for another reason.　　Li Kehui: Yes, it should not be a question of money, but there are other reasons I do not know, are the group's notice and decision, I do not do any speculation.　　Securities Daily: After changing the overall listing scheme, some related assets are not to be reassessed, What is the progress now?　　Li Kehui: Yes, that's for sure, and now I've started doing it. Securities Daily: New partyWhen is the case expected to be submitted to the SFC?　　Li Kehui: Now it is difficult to say, there is no timetable, still depends on the assessment report and the group's notice. Securities Daily: How many shares are being issued today?　　What is the fastest time to get a hand in Oct?　　Li Kehui: At most 30 days, the duplicate card must be accompanied by some specific items of the new plan. Securities Daily: The details of specific proposals issued how many shares, the amount of money?　　Do you have the latest news? Li Kehui: This is not clear, has not come out, the issue of how many shares, the amount of money will be based on the situation at the end of 2008 again pricing.　　To see the notice of the group.　　Securities Daily: Is there any established plan or scheme to be implemented after the whole listing?　　Li Kehui: It is unclear, to see the introduction of the new program and the group's notice. However, this change will have a very different impact on capital markets and corporate cash flows. Through public offerings, Oct can obtain cash from the capital market 8.3 billion yuan directly, thereby enhancing the company's cash flow. But now it is for big shareholders to exchange their assets for shares, which seems to herald the determination of the overall listing of Oct.