Shanzhai International Board testing Japanese company transiting production and Exchange

Wang Shanghai Report "As long as your company can get the foreign exchange quota, there will be no obstacles."　　May 27, a person surnamed Jia who claimed to have a background as a Japanese consortium told reporters.　　The company posted a message on the Shanghai joint Equity exchange, saying that "A listed company in Japan" wants to add more shares to Chinese companies or individuals, and investors pay 35 million yuan to get about 28% per cent of the firm.　　JASDAQ is Japan's gem, China's capital to participate in the company's additional, lock-up period of one year.　　Under the background of the international plate movement of China's capital market, Japanese listed companies can also be regarded as testing.　　But for private capital, participation in the issuance of Japanese listed companies, but it is not the smooth road. "The real operation is very difficult, the state-owned enterprises want to participate in, need to reform and Development Commission and the business sector approval, and private capital to participate in, not related to the people's livelihood of overseas mergers and acquisitions, generally also cannot be granted down."　　"27th, a senior investment banker at a Shanghai brokerage company told reporters. The surname Personage said to the reporter, May through the Hong Kong company curve participate in the additional issue, "but if you have the capital in Hong Kong."　　"Although the debate on the international board is still rampant, but there are foreign enterprises curve to China to raise capital, which is invisible to the international board caused pressure." The temptation of Japan's gem "There are now two investment founder in contact with us, intends to participate in."　　The person surnamed Jia told the reporter. According to the announcement of the joint Equity Exchange in Shanghai, the Japanese company, which is interested in directing additional capital to China, was established in 1987 and is currently listed in Jasdaq, the registered address of Japan Tokyo she gorge, mainly engaged in the wholesale and retail of garments and cosmetics, as well as various health-related machinery, Equipment sales, sports goods sales, and then "Beauty salon business and brand business." "" The company has a branch in Shanghai, the first hope to find industry-related Chinese companies to cooperate, but now lower the threshold, investors can also be financial investors.　　The above people told the reporter.　　JASDAQ is Japan's OTC market, it is Japan's only shop head market, but also risky enterprises (venture Business) the largest market financing.　　The Osaka Stock Exchange completed its wholly-owned acquisition of JASDAQ in 2009, which became a wholly owned subsidiary of the Osaka Stock Exchange. According to the release of the listing information, the above-mentioned companies to raise shares of the listed price of 500 million yen, about 35 million yuan.　　The payment method is to be paid before March 31, 2010.　　However, the surname Personage said to reporters that the listing information "is still valid."　　In this calculation, China's capital to participate in the issue, the additional price per share of about 33 yen, together with 2.475 Yuan, after the issuance of additional, the participants will hold 15.15 million shares of the company, accounting for the company's total share capital of 28%. At present, the company's shareholding structure is 25.207 million shares of total equity. One of the JapaneseThe legal person holds 8.107 million shares, accounting for 33.78%, the chairman of the Group company holds 2.472 million shares, accounting for 10.3%. "Japan was willing to give up its holding power because of the company's loss, but now as the business situation improves, Chinese capital can only enter in the form of equity participation."　　The company's 2006-2008 financial statements showed that the company had lost three consecutive years, and 2009.5 reported a loss of 350,000 yen in the reporting period. The listing announced that the company intends to "find Chinese partners through the financing to actively explore the Chinese market," on December 4, 2009, the company's stock price of 29 yen (about 2.175 yuan), the total market value of about 731 million yen (about 54.825 million yuan).　　Once "financing is successful, the share price is expected to rise to 50 yen (about 3.75 yuan) per share".　　However, the bulletin also said that the above system "predicted the value, do not assume the responsibility of the guarantee." It's not a smooth road. "Participation in mergers and acquisitions is not controlled, mergers and acquisitions of companies without core technology, Chinese companies are rarely willing to do so."　　"The brokerage bankers told reporters.　　Even if the intention to participate, the foreign exchange and business sector approval, also become the barrier of Chinese capital to go to sea. "The amount of foreign exchange you need to apply, the rest of the intermediary agencies, we can recommend professional lawyers and accountants, the Japanese securities regulatory authorities, as long as the implementation of the obligation to inform."　　The person surnamed Jia told the reporter. According to the regulations of the People's Republic of China on the regulation of foreign exchange administration, which began August 5, 2008, "domestic institutions and individuals who invest overseas directly or engage in the issuance and trading of foreign securities and derivative products shall be registered in accordance with the provisions of the Foreign Exchange Administration Department of the State Council." If the state requires prior approval or filing by the competent authorities concerned, it shall apply for approval or filing formalities before the registration of foreign exchange. "The business sector for overseas mergers and acquisitions, generally more cautious, will only give some related to the people's livelihood of the project approval, such as private capital, it is difficult to apply down."　　The broker said.　　The surname Personage also said to the reporter, the Detour Hong Kong may reduce the regulation the resistance, but the premise is "you have the capital in Hong Kong". The Japanese company has chosen to raise capital in China, the person said, "just out of demand for capital."　　And for the "only smell the staircase," the international board, this is tantamount to the curve of foreign-funded enterprises, although faced with many resistance, but also have the intention of testing. "This is a very difficult way to appear on a large scale and only in private. Senior executives of the Securities investment Bank said to reporters that in its view, the international board to break the shell of Resistance, "in addition to the National foreign exchange Management system, more is a A-shares more than the international market a lot, it is inevitable that foreign-funded enterprises to China circle money, and ultimately our own market itself." ”