Shun Yung shares: venture capital withdrawal of national Yuan Securities Pick Peach 1 April Premium 593%

The listing prospectus shows that the company restarted the listing matters at the end of 2009, not only the company's performance recovered from the trough of the financial crisis in 2008, the key is to find the same as Anhui nationality of the National Yuan Securities underwriters and sponsors. As the National Yuan Securities "sponsor + direct investment in the first project", Shun Rong shares project investment cycle of only 14 months premium Tatsu 593% Our correspondent Xu Guming February 17, Shun Rong shares? 002555? The announcement said the company's initial public offering price of 35.00 yuan/share, the corresponding P/e ratio of 49.95 times times.　　Shun Yung shares of the proposed 17 million shares of the calculation, the company will raise 595 million yuan, compared with its prospectus announced in the 250 million Yuan investment project funds, higher than 345 million yuan.　　Through our reporter to check the prospectus found that, the first shock to the stock market before the "deserted", VCs and all individual shareholders were all bought back; after a year, both the sponsor and investors dual identity of the National Yuan Securities "tide" to help the stock smoothly, investment cycle only 14 month premium of 593%! Venture capital "to withdraw money" February 18 the company road performance process, the company chairman Wu Yushun said, this raise funds to invest in "car plastic fuel tank reconstruction project."　　Projected investment projects to the postpartum, the company's automotive plastic fuel tank capacity will expand 200%, after the implementation of the project is expected to achieve annual sales revenue of 616 million yuan, the total annual profit of 86.64 million yuan. More tempting is, the fund-raising, the company plans in Guangzhou, Beijing and other place to build factories, to achieve with the host plant nearby.　　After the completion of the above project, it is expected to achieve a new level of scale and efficiency, the overall income of about 2 billion yuan, the overall profit of about 200 million yuan.　　Since 2007, Shun Rong stock restructuring sprint IPO, in addition to the Wu family, the other promoters are not wealthy. The prospectus shows that in September 2007, Shun Rong Limited the second equity change, Wu Yushun, Wu Weidong, Wu Weihong will hold a limited 25% shares of Shun Rong to Shenzhen good Investment Limited and Shen Shirong, and other 11 natural persons.　　Wu's three are father and son, father and sister relations.　　Among them, the legal person shareholder Shenzhen Jia Guang and natural person shareholder Shen Shirong each to 9 million yuan price to let 480,000 yuan capital contribution (corresponding 4.8% equity). Immediately, Shun Rong Limited overall change to a limited company, a total of 50 million shares.　　It is estimated that Shenzhen Jia Guang and other shareholders of the price of 3 yuan/share.　　According to our correspondent understand, Shenzhen Jia Guang Shenzhen and Hong Kong investment mainly, its company head Yang Yi Hu for Anhui Senior professional investment banker. A year later in November 2008, Wu Yushun, Wu Weihong, Wu Weidong the transfer of the share repurchase, total 12665300 shares.　　At this point, Shun Rong shares only Wu Yushun, Wu Weihong, Wu Weidong three shareholders. In this respect, shun Rong shares explained that after 1.2008 years of financial crisis, the company's listing process is affected, when the IPO is uncertain;2. Based on the comprehensive consideration of the economic development prospects, the uncertainty of the company listing and the financial security, some shareholders asked Wu Yushun, Wu Weihong and Wu Weidong to repurchase all the shares owned by the company. "Venture capital withdrawal is excusable, but other natural person shareholder all withdraw capital incredible, visible at that time Shun Rong shares prospects bleak, almost reached the situation of the deserted."　　Said the head of the investment bank.　　Brokerage "Pick Peach" Premium 593% December 2009, Shun wing shares again hit the IPO.　　The listing prospectus shows that the company restarted the listing matters at the end of 2009, not only the company's performance recovered from the trough of the financial crisis in 2008, the key is to find the same as Anhui nationality of the National Yuan Securities underwriters and sponsors. Shun Yung shares agreed to Wu Yushun, Wu Weihong, Wu Weidong, respectively, the holding of some of its shares of 12.45 million shares transferred to the Wealth of Nations fund, Han investment and Yuan investment. The price of the share transfer is: Anhui State-owned Industry investment Fund Management Co., Ltd. 5.5 million shares (corresponding to 11%) of the price of 32.45 million yuan, yuan investment by 3.45 million shares (corresponding to 6.9%) of the price of 20.355 million yuan; Han investment 3.5 million shares (corresponding to 7% equity)　　The price is 20.65 million yuan, the holding cost of 5.9 yuan/share. According to the National Yuan Direct Investment official website shows, Yuan Direct investment was established in August 2009, is the National Yuan Securities (000728) full-time engaged in direct investments in a wholly owned subsidiary. China Yuan Securities introduced Shun Rong shares project, said, "This is our sponsor + Direct vote of the first project." "Han Investment is an investment company in Shanghai, the largest shareholder of rich-country funds is Wuhu Rui Chong Investment Co., Ltd.　　It can be seen that shun Rong shares successfully introduced three strong wind investment is largely dependent on the national Yuan Securities in Anhui and domestic capital market relations.　　After a year, both the sponsors and investors dual identity of the National Yuan Securities "tide" to help the stock smoothly, the investment cycle of only 14 month premium of 593%! Such a high PE value and brokerage direct cast "peach" aroused the outside world, the head of the investment bank said, the current domestic market trend, listed companies in order to seek high price, first of all, it has to draw up sponsorship agencies, through the introduction of the main underwriter wholly-owned PE and large shareholder formation of interest　　In order to achieve the main underwriter and listed companies to jointly manipulate the share price.　　According to the listing prospectus, the National Yuan Securities is shun Rong shares listed sponsors, underwriters, but also shareholders, this direct investment, sponsorship, underwriting multiple roles imply the direct relevance of the interests. The results are very different. According to the listing prospectus, Shun Rong Investment was established in December 2006, the registered capital of 10 million yuan, Wu Yushun, Wu Weidong, Wu Weihong respectively, capital of 4 million yuan, 3 million yuan and 3 million yuan, holding the company 40%, 30%, 30% of the equity, business scope for industry,　　Commercial project investment, auto parts manufacturing and sales. In order to standardize related transactions and avoid potential competition, Shun Rong shares in the process of restructuringBuy Shun Rong investment.　　September 2007, Shun Rong Limited to convene a shareholder meeting, agreed to let Wu's three holders of Shun Rong Investment 100% Equity, the transfer of the two sides in consultation according to the original contribution of 10 million yuan pricing.　　Shun Rong investment so back and forth to sell, net worth repurchase matters repeated. March 2009, Shun Rong shares agreed to the holding of Shun Rong investment 100% equity transfer to Wu Weidong, Pan Junfang.　　The two sides negotiated the original contribution of 10 million yuan pricing, that is, Shun Rong investment 90% to 9 million yuan to transfer the price of Wu Weidong, 10% Capital to 1 million yuan to transfer the price to Pan Junfang.　　February 2010, the company bought Shun Rong Investment 100%, the transfer of the two sides to negotiate the original contribution of 10 million yuan pricing.　　What is strange is, according to our correspondent, 2010 Shun Rong investment repurchase issued two different results of the assessment report. Listed prospectuses show that according to the days of the letter CPA firm "Days Health is the letter of the" NZ 100,074th "audit Report", as at December 31, 2009, Shun Rong Investment net assets of 9.9536 million yuan. According to the Anhui Zhiyuan Assets Appraisal Co., Ltd. 2010? 21st "Assessment Report", on the base date of assessment (December 31, 2009), the valuation value of the net assets of Shun Rong is $24.9528 million.