Pearl River Beer to finalize IPO price

(Reporter Wu Weixian) reporter from Guangdong beer leading enterprises Pearl River Beer (002461) was informed that this month's official listing of the draft beer has been finalized the IPO price of 5.80 yuan/shares, corresponding to more than 44 times times P/E. The reporter learned that the initial inquiry of the IPO has been completed on July 30, received a valid quotation of 91, the final confirmation of the issue price of 5.80 yuan/share, the corresponding P/e ratio of 44.62 times times (according to 2009 net profit and the current issue of total equity calculation). The distribution is divided into two parts: Internet and net. Network under the issuance of subscription time is August 4 9:30~15:00, online purchase is August 4 9:30~11:30, 13:00~15:00, a single account for the number of commissioned shares limited to 500~56000 shares, 9th published results. According to the disclosure of the prospectus, the IPO funds for the Pearl beer is 1,066,780,000 yuan, with 401,000 liters of beer production capacity in Hunan and Guangxi, the production capacity of the project will be increased from 1.801 million litres to 2.201 million litres.　　Zhu said that if the actual raise funds can not meet the project funding needs, the gap will be through bank loans and self-financing to solve. It is reported that the total number of shares issued by the Pearl Beer 70 million shares, accounting for the total share capital after the issuance of 10.29%.　　Among them, the net issue quantity is 14 million shares, accounting for this issue quantity 20%, the net issue quantity is 56 million shares, accounts for this issue quantity 80%. At present, the Pearl River Beer holding shareholder group (Holdings 59%) last year total assets of 5.1 billion yuan, net assets of 3.1 billion yuan, net profit of 88.16 million yuan, at present in Guangdong has 10 production enterprises, with strong location advantages.