The first batch of gem companies to raise funds near half of the "idle" is alleged to be inefficient

Another year, the gem is 3 years old, the first batch of 28 companies listed Gem has fully disclosed the 2011 Annual report. These are the company's super Raise fund, over the years is the focus of the market. By the end of 2011, however, the 28 companies had spent only half of their funds, and 24% of that half were used to replenish liquidity or repay loans.

Now more than two years have passed, the first batch of 28 companies to raise funds for where? According to the Shanghai News statistics show that the 28 companies were expected to raise capital of 6.7 billion yuan, the actual net collection of 14.5 billion yuan, super raise capital of up to 7.8 billion yuan, over the rate of exceeding 100%. However, as at the end of 2011, this huge amount of funds invested in 4.2 billion, the utilization rate of 54%, and the investment of 24% of the funds are supplementary liquidity or repayment of loans.

North Land, as an example, the company actually raised the net amount of 272 million yuan, over 148 million yuan, as at the end of 2011, has been put into raising capital accounted for the total of 28%, of which the super raise funds to invest only 20.7764 million yuan, accounting for more than 14.04%, and almost all to supplement the company liquidity.

In fact, not only the super raise funds, even the North land pharmaceutical industry promised http://www.aliyun.com/zixun/aggregation/18365.html "> Investment projects have appeared" changed. According to the North Land Pharmaceutical Prospectus, the company intends to raise capital 124 million, to 3 projects, of which 44.13 million yuan for contrast agent production line technology reform and marketing network construction projects, 50 million yuan for nine Flavor Town Heart granule production line expansion and reconstruction and marketing network construction projects, 29.76 million RMB for new development Center and new product development project. Today, the investment project only invested 54.5204 million yuan, which was placed high hopes of the nine flavor of the Town Heart Granule production line expansion transformation is now only 14.6689 million yuan, and postponed to June 2013. For the reasons for the change in fundraising, the company is said to be due to the new version of the "Drug production quality management standards," the standard release time later.

There are a lot of similar situations, Jinya Science and technology actually raise net amount is 392 million yuan, more than 206 million yuan, these super raise funds to only use half, of which there are 80 million yuan is to supplement the company liquidity; in 2009, the company said that it would invest 62.3065 million yuan in Sichuan Ziyang and Liaoning Chaoyang Digital TV project, all of which had ceased to be used by him. Network accommodation technology over 270 million yuan is not used, has been put into the collection of funds accounted for only 36% of the total fund-raising, and this corresponds to the company's executives and venture shareholders in the company after the listing crazy. Bio-tech, Ding Han technology, Po Tak shares, such as the first batch of gem companies to raise funds are only less than 50%, more than half of which is used to supplement the company liquidity and repayment of loans.

Shenzhen has issued "Gem Information Disclosure Business Memo 1th-Super raise funds use", stressed that the fund should be used for the company's main business, and the above gem companies, showing that excessive financing results in inefficient use of funds.