Fortune Bird Submitted Its Listing Application Last Week

< p > 8 years after the H-share fully circulated IPO (initial public offering) is reopened.

According to the news, mainland China's a target= "_blank" href= "//www.sjfzxm.com/" > shoes < /a > brand enterprise fortune bird has officially applied to the China Securities Regulatory Commission and the Hong Kong Exchange (388) for listing, and is competing with other new world No. 1 to become another Hong Kong stock listed in Hong Kong after the Construction Bank, and is expected to complete the listing plan as soon as possible in the fourth quarter of this year.

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Less than P, the Construction Bank came to Hong Kong in 2005 and made the breakthrough to become the first full circulation H-share stock in Hong Kong.

Until this year, China Securities Regulatory Commission (CSRC) has been able to ease the tide of mainland A shares waiting for the listing market.

It is reported that China Securities Regulatory Commission has already reached a consensus within the securities and Futures Commission, allowing the release of By Request cases, allowing enterprises to enter Hong Kong on the full circulation of H-shares.

Therefore, the market of mainland vinegar beverage enterprise No.1 is also actively discussed in the early days.

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< p > news pointed out that since the late June and early July of this year, Fu Fu bird had submitted an application to the China Securities Regulatory Commission, which is more advanced than the first one. Therefore, it is expected to win the first place in the program.

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< p > market news also indicates that after China Securities Regulatory Commission released the full circulation of H-share IPO, some listed private enterprises listed in the A share market may increase interest in listing in Hong Kong.

It is because once the mainland enterprises are approved to come to Hong Kong on the basis of the full circulation of H shares, their large shareholders will not be subject to the restrictions of non tradable shares.

But in the future, the return of the A share market to the stock market will require a return to the basic step and a non circulation share, making it harder to return to the A share market.

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< p > in fact, as China Securities Regulatory Commission abolished the "456" restriction of mainland enterprises listed in Hong Kong (net assets of not less than 400 million yuan, financing amount of $50 million, and after tax profits of not less than 60 million yuan), and with the full circulation of H-shares, they managed to dredge some mainland enterprises, and abandoned A to H to come to Hong Kong.

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< p > < strong > submit the listing application last week < /strong > /p >

< p > fortune bird is one of the examples of abandoning A to H.

The company originally planned to enter the A shares in the mainland. However, as the CSRC began to study the procedures for simplifying the listing of H-shares to Hong Kong, and the mainland IPO gate has not yet been restarted, it has decided to abandon the mainland A share listing qualification and pfer to H-share.

It is understood that fortune bird formally submitted its listing application to the HKEx last week (A1 form).

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< p > fortune bird is mainly engaged in R & D, production and sale of accessories for men's and women's leather shoes, men's business casual wear and leather goods.

The company intends to raise funds from Hong Kong to HK $200 million to US $300 million (about HK $15.6 to HK $2 billion 340 million), and the sponsor is CITIC Securities (6030).

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< p > as far as the world No. 1 of Hong Kong listed on the Hong Kong Stock Exchange as a whole was reported earlier, it plans to raise about 1 billion 450 million yuan in Hong Kong, and is tentatively scheduled to go public in the fourth quarter of this year.

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