Shanxi Securities to start the purchase of three mysteries revealed

The 21st century Economic report, the snow in Beijing, is a blessing in disguise.　　For Shanxi Securities, perhaps no one has thought, many of the yincuoyangcha of the IPO road is frustrated, but it is this one of the "after", to bring it may be another listing of the smooth.　　November 1, is about to become a a-share market 15th listed securities companies in Shanxi Securities officially began to purchase. The announcement showed that Shanxi securities issued about 399.8 million shares, of which 79.8 million shares under the network, accounting for the final issue of the number of 19.96%, online distribution of 320 million shares, accounting for the current number of the final issue of 80.04%.　　The IPO pricing eventually fell to 7.8 yuan/share price above, the corresponding 2009 net profit of 31.89 times times earnings. "For its 7.8 yuan/share of the issue price, to a certain extent, more in line with our psychological price." "November 1, a fund person involved in the subscription, said that the price is the same as the last year issued by China Merchants Securities (600999.SH), Everbright Securities (601788.SH), such as the 50-fold issue of prices, but compared to a few months ago, industrial securities (601377.SH　　and the current distribution environment of Huatai Securities (601688.SH) IPO, Shanxi Securities was a good time. Even if the formal listing of Shanxi securities is close at hand, but the criticism and questioning of Shanxi securities is still not broken.　　After the second meeting, revise the size of the issue, change the listing of the stock exchange and the listing plate, what is the story behind it?　　To reach an agreement with ABC July 28, Shanxi securities by the authorities concerned formally suspended the approval process for the listing, and at this time, the official date is only two days.　　For a time, the speculation about the reasons for the refusal of Shanxi securities, including Shanxi securities may involve "mouse warehouse", "business indicators unqualified", "ABC 80 million cases of litigation" even including its "intermediary structure and nepotism" and other rumors.　　In fact, according to the close to Shanxi Securities informed reporters that the 80 million yuan with the Agricultural Bank of China's lawsuit has been unresolved, which is the cause of Shanxi securities listed "stillborn" the real reason. "The case was actually closed by the end of 2006, and the court did dismiss AgBank's claim."　　"Those close to Shanxi Securities said, but this is always a knot for agbank, so when the Shanxi securities listed, AgBank filed a complaint to the CSRC, asking Shanxi securities to give a clear statement on the matter.　　Because of the strong agricultural Bank, the authorities have to Shanxi securities due to the existence of predictable litigation disputes, and involving a large amount of cash, on the basis of which two days ago, the urgent call to the approval process. "Shanxi Securities do owe AgBank a statement. "These close to Shanxi Securities, said the process of listing in Shanxi Securities due to ABC 8000After the obstruction of the lawsuit, it was also said that Shanxi securities to be approved again, it is necessary to deal with the issue of agricultural Bank properly. "Now the Securities and Futures Commission's approval of IPOs, especially the motherboard companies, has become more stringent and has a veto on some major events," he said.　　"An investment banker in Beijing explained the faux pas of Shanxi securities. "In Shanxi securities will be suspended after the Shanxi securities insiders immediately with the Agricultural Bank has launched an active contact and communication." "The above-mentioned close to Shanxi Securities, the first major shareholder of Shanxi Securities Investment (group) company, Shanxi Province is the only state-owned financial holding company, and the IPO of Shanxi Securities, Shanxi Province as a key financial project to catch." "In Shanxi Province, a number of relevant people in the bypass and good offices, after weighing the pros and cons, Shanxi Securities and Agricultural Bank of the relevant parties to reach an agreement in early September, Shanxi Agricultural Bank is no longer held accountable for 80 million of litigation money."　　"Shanxi Securities have again hit the IPO after settling 80 million of AgBank's lawsuits," he said.　　The Riddle of the "three turns" was again proposed on the Shanxi securities that would apply in just one months, the contents of the listing has changed dramatically, the original plan to open 600 million shares of the circulation has been reduced to 399 million, and the listing of exchanges from Shanghai to SSE, but also from the A-share board to the SME. "In fact, this is to ensure that Shanxi securities will be successfully approved again."　　"The people close to Shanxi Securities said frankly. "Shanxi Securities in the operation of the performance is not outstanding."　　"The size and performance of Shanxi's securities are hard to come by," said a beijing-based investment banker, who has listed 14 brokerages. According to China Securities Association data, in 2009, Shanxi Securities agent trading in securities business net income of 1.17 billion yuan, listed 40th.　　Shanxi Securities have a total of 38 securities sales departments and 15 securities services, the average income of only 22.08 million yuan, the level from the 2009 brokerage business sales average of 27.3 million yuan is really a gap. "Under a series of queries, in order to ensure the successful listing of Shanxi Securities, the decision makers of Shanxi securities after listening to the department's views, and then integrated a number of internal and external factors, and decided to declare the relatively low threshold of the listing of small and medium-sized board.　　Those close to Shanxi Securities said. "Relative to the motherboard, small and medium-sized plates, the threshold is lower, and for Shanxi Securities, is also regarded as a financial institution of SMEs, so the application for the issue of SME, is also considered a flexible."　　"This is a comment from one of Beijing's investment bankers.　　In fact, Shanxi Securities in the end of its IPO issued by the number of 399 million shares is also a mystery. "1 months ago, the overall division of equity in the listing of the company has been clear, will be listed in accordance with the size of the listing of the enterprises listed on the listing of the site, and the plan to select the SME listed in Shanxi Securities must be consistent with the ShenzhenA regulation of the size of the capital stock.　　Those close to Shanxi Securities said frankly.　　Sure。 October 28, on the Shanghai and Shenzhen Stock Exchange listing of the powers and responsibilities of the announcement, listed companies will be issued in accordance with the size of the IPO distribution site, which issued 50 million shares (including) the following companies listed in Shenzhen stock market, the issue of 80 million (including) stocks above the listed companies in Shanghai, Companies that issue more than 80 million shares under 50 million shares are free to choose the place of listing, while the financial enterprise is bounded by 400 million shares, and 400 million shares are listed on the SSE, below 400 million shares in the Shenzhen stock Exchange.　　The standard was formally implemented on November 1, 2010. For Shanxi Securities, the adjusted equity is just 399.8 million shares, within 400 million shares, which is exactly in line with the listing rules of Shenzhen Stock Exchange.