Xinhua to land in Shanghai

Jinghua Times News (reporter Aoxiapo Guo Menglin) IPO pre-disclosure distance from the end of June, the SEC's deadline has entered the second phase. On the evening of June 27, 56 queuing Enterprises organized an IPO disclosure, of which the most market attention is the debut of Xinhua.

Xinhua to land the Shanghai SSE

Following the official website of the Shanghai Daily, after the April 27, 2012, another "national team" news site-Xinhua War Capital Market is also about to bloom results. On the evening of June 27, Xinhua caught the announcement of the IPO and disclosed its initial public offering.

Prospectus, which shows that it plans to issue 51902936 shares. After the issuance of the total share capital of 207611744 shares, the proposed listing of the stock exchange for the Shanghai Stock Exchange. The main underwriter is China International Finance Co., Ltd.

The company is mainly used to raise funds for the full media information and application services cloud Platform project, Xinhua government-Class Large Data intelligent Analysis System project, Xinhua New Media Application Technology research and Development Center project, Xinhua online Education Project, etc., to raise capital of 1.497 billion yuan.

Bulletin shows that 2013 Xinhua's total revenue of 456 million yuan, the increase of 37.5% in the previous year, net profit of 168 million yuan, an increase of 23.9%, net assets of 1.163 billion yuan, an increase of 15.6%.

National Team

Public information shows that Xinhua is the party Central Committee directly deployed, the state news agency Xinhua hosted the Central key news site, is a veritable "national team." Xinhua mainly "Spread China, report the world" as the responsibility, "authoritative voice, cordial expression" as the concept, through China, Britain, France, West, Russia, Albania, Japan, Tibet, Victoria and other languages, 24-hour uninterrupted release of global News, " Online News Information Center, the top of the Central news site.

Since it is the "national army", it is doomed to the strong shareholder background behind the Xinhua net. The prospectus shows that the company's controlling shareholder and the actual control person are Xinhua. As of the date of signing the prospectus, Xinhua directly held 82.46% of Xinhua's shares, through the Chinese news development Shenzhen Company, China Economic Information Agency, respectively, holding 3%, 2.54% shares of Xinhua, a total of 88% of the company's shares.

China Unicom Wan New Media is a shareholder

shareholder, other than Xinhua, is also exclusively's state-owned background. Public Information Display, June 2011, Central external propagandaOffice agreed to the company from the candidate state-owned or state-controlled enterprises to introduce investors, the new joined the Cultural industry fund, China Unicom, the southern Press, Chinese telecom, Jiangsu Radio and television, Citic Trust, Anhui New Media, the shareholding ratio ranging from 4.4% to 0.99%.