Youff equity capital maneuver from 2 to 3 billion fog heavy

Compared with the only 13% net profit margin per year for normal production operations, the speed at which Youff shares rely on capital to manoeuvre to create wealth is almost legendary. According to the plan, the Youff shares will begin to purchase online on May 26, if the successful listing, according to the Bohai Securities given the preliminary valuation, Youff shares more than 180 million shares of the total market value or will exceed 3 billion yuan.　　This company, in 2003, started with HK $2.　　Question listed Companies 2003 HK $2 registered this company June 23, 2003, two Hong Kong registered companies, each of the 1 Hong Kong dollar total of HK $2 was incorporated in Hongkong to set up a company named Hong Kong Jia Yuan. Two months later, the two companies transferred their only shares of HK $2 to Huzhou, a businessman from Zhejiang Province, Mao Hui and his wife Ye Yumei.　　On the same day, the two Mao Hui married the company's 9998 shares and increased the registered capital of the company to HK $10,000. Another two months, the "foreign" from Hong Kong came to Huzhou, Zhejiang, with a local company named Hui Xin Garment Factory joint venture Youff Industrial Fiber Co., Ltd. (Youff Limited).　　The Hui new garment factory, it is Mao Hui recently in Huzhou registered a company, the registration time with the Hong Kong good source company only 7 days, the registered capital of 1.5 million yuan. This is the two companies that have just been set up less than 4 months, the joint venture Youff limited registered capital unexpectedly as high as 10 million U.S. dollars.　　Mao Hui spent nearly two years trying to pay the $10 million trillion in registered capital. It is noteworthy that Mao Hui in the two years of funding channels quite strange.　　As the domestic shareholder of the Hui New Garment factory, part of the source of funding is to the company owner Mao Hui Control of another holding company, Lion King Fine Chemical Co., Ltd. (referred to as the Lion King refinement) to borrow; and as a foreign shareholder of the Hong Kong good source, capital is also from the Mao Hui new personal loans and the Lion King refined Payment Commission. What is puzzling is that, just a week after Mao Hui 10 million dollars, Mao Hui the "creditor" of the Lion King to 23.4 million yuan to the price of the "debtor" Youff Limited.　　And the Lion King refined only in Youff limited name to stay for 5 days, June 30, the Lion King refined by Youff limited to 100 million yuan to sell a high price to a company in Hangzhou. The universe moved to increase 13 million U.S. dollars in the Youff limited registered capital in place a year later, in June 2006, Mao Hui through the foreign shareholders of Hong Kong Jia Yuan to Youff Limited for the first time to increase capital.　　Of course, Mao Hui is not really going to pay for his own pocket, the $3.16 million trillion in this increase comes from the profits of Hong Kong's best source as a shareholder in Youff Limited. After less than half a year, in November, Mao Hui decided to Youff a limited increase in capital. This time, Mao Hui decided to increase Youff's limited registered capital directly to 26.15 million dollars. It is hard to understand that the 10 million-dollar registered capital has been raised for 3 years before it can be paid, does Mao HuiCan you give us 12.99 million dollars to raise capital?　　In fact, there is no money in Mao Hui's new pocket to raise capital at all. December 31, Mao Hui from Hong Kong businessman Shen Thrifty Place borrowed 810,000 U.S. dollars, through the foreign shareholder Hong Kong Jiayuan Company as the first increase in capital injection Youff Limited.　　Half a year later in June 2007, the Mao Hui again through the domestic shareholder Hui new clothes to invest 1.4 million U.S. dollars, the source of funds is through short-term investment profit, while the foreign shareholders of Hong Kong Jia is a "high-speed, high-performance technology" of intangible assets to 1.5 million U.S. dollars investment. It is understood that this technology is Mao Hui individual in 2006 from Beijing Chemical University, in the free transfer to the Hong Kong good source, converted into 1.5 million U.S. dollars of intangible assets as a capital increase. But after six months, Youff limited on the basis of no money development, again the technology to Hong Kong at a price of HK $12.15 million return to the good source, and the Hong Kong good source again this technology back to Mao Hui.　　As a result, the technology ownership is still in the hands of the Mao Hui after two times, but the Youff is limited but not only increases the registered capital by 1.5 million dollars, but also receives a cash transfer of HK $12.15 million. Market capitalisation may exceed 3 billion 2008, at this time Mao Hui has begun planning Youff limited listing.　　At this point, Mao Hui again to the outside world his capital maneuver stunt. At the beginning of the year, Mao Hui a new company named Youff Holdings, all of which gave the Youff limited stake in the clothing. And up to 68.64 million of the transfer, but is Youff holding to Mao Hui individuals to borrow the full. On the surface, Youff Holdings did not spend a penny, but in the financial statements, but obtained 68.64 million yuan of assets, and 68.64 million of dollars in debt.　　And as the Youff holding control person is the debtor's Mao Hui, through the Hui newly-made clothing sleeve is 68.64 million yuan at the same time, also obtained the Youff holding 68.64 million yuan debt right. Years, in the search for strategic investors, Mao Hui is also the fertilizer and not outsiders field.　　July 24, 2008, Mao Hui new brother, Cousins and Youff Limited executives registered at the same time in Huzhou Taihe, Huzhou Yuxi, Huzhou Witen and Huzhou, and other four companies, and the four registered companies in the subsequent access to Youff limited 0.52%-3.64%.　　The end of the year, coupled with the introduction of Hangzhou Heng Xiang amounted to 8 corporate shareholders, to hold Youff limited 137 million shares for the equity register set up Zhejiang Youff High-tech Fiber Co., Ltd. (Youff shares). In 2010, Youff shares in the prospectus submitted to the SFC issued a letter of intent, the new issue of 46 million shares, issued after the total share capital of 180 million shares.　　According to China Merchants Securities analyst Zhang Yanming on May 20 on the 12.75-17.85 yuan per share valuation, its listing after the total market value will be as high as 2.3 billion-3.2 billion yuan.　　After the listing of Mao Hui couples holding 66.88% of the equity calculation, the two people's personal assets are expected to exceed 2 billion yuan.New shares break clouds Mao Hui couple can get rich? The market is still depressed, new shares break frequently, this week, the market welcomes 8 new shares issued. Do you dare to fight?　　Analysts predict the Youff shares Mao Hui after the listing of personal assets is expected to exceed 2 billion yuan, really can achieve it? Data show that 8 new shares will be issued in two batches this week. Monday (May 24) Tatsu Real intelligence, the Cologne pharmaceutical industry, Zhongyuan special steel and Guizhou Lark first debut release.　　and Caesar shares, Victory Precision, Youff shares and Yunnan germanium industry footsteps closely follow, will be in Wednesday (May 26) for the purchase. Last week 8 shares listed 5 shares break last week 8 shares listed 5 first break, the first day break Orthometric frequency in the market.　　From the trading data, the first day of the listing of trading institutions in the four-dimensional map of the new shares of the top 5, which also shows that the current body is also cautious about the IPO. As of Friday, since the IPO restarted, the first break in the listing of new shares reached 11, last week, the "half".　　11 stocks, the main board, SME board, the first day of the gem break stock Number of 2, 6 and 3 respectively.　　The rate is high in the new shares frequently break at the same time, the IPO rate has recently been hit new highs! According to 21st released data, 19th issued Tianhong shopping malls, such as the average four IPO rate reached 1.51%. Recently issued four rounds of new shares, the purchase rate of more than one round round. The 11th issue of four of the new board, the average check rate is only 0.51%, just 19th this round of the fraction.　　The continued rise in the rate indicates that investors have been less enthusiastic than before, and some investors have even given up on a new play. Public information shows that the Monday issue of the four IPO network under the initial inquiry over the multiple subscription multiples have great differences.　　The 8 new shares released this week are likely to refresh the IPO rate again. Reasonable stock price of 14 yuan-16 yuan securities that Youff shares reasonable share price in 14-16 yuan. The company's main polyester industry filament, the main risk is that, because of polyester industry filament production cost, pet raw material cost accounted for more than 80%, pet price fluctuations may have an impact on the level of profits. And China's domestic polyester filament mainly exported to Europe, the United States and Japan and other countries and regions, the current Greek debt crisis affects the market for polyester filament demand, and the appreciation of the expected increase in the renminbi also affect the company's sales.