PEAK Will Become The First Company In Quanzhou To Abandon H To A.

Under this upsurge,

The first to plan to return to A shares, or to become the first privately owned Hong Kong stock listed companies.

And presupposes the "A+H" structure.

Less than three years after listing in Hongkong, it was listed on A shares.

The industry believes that in the face of the low value of the Hong Kong stock market, more enterprises will turn to A shares.

Hongkong as Quanzhou

What is the future of Hong Kong listed companies?

If PEAK finally completes its privatization successfully, it will become the first company in Quanzhou to abandon H to invest in A.

Shares rose 17% on that day.

After a big wave of stock market delisting in the US, the privatization trend seems to have blown to Hongkong.

Last Monday, PEAK issued a short notice of suspension, which led to speculation about its privatization plan. A day later, PEAK issued a notice and resumed its business.

In the Hong Kong stock market, PEAK was not the first one to take the initiative in the Hong Kong stock market, and the fortune bird launched the "A+H" plan.

Meanwhile, Meck, which belongs to the Jinjiang sports brand, has also changed its face. The company will rename it as Shaw Brothers and turn from a sports company to an entertainment company.

Discard "H" and cast "A".

PEAK's announcement on Tuesday said: "Ever Sound Development Limited, that is, the controlling shareholder of the company has informed the company that it is preliminarily considering the proposal to arrange an agreement for the shares under our agreement, which, if implemented, may lead to privatization of the company and the cancellation of the card by the company in the stock exchange.

In view of the fact that the above preliminary consideration is still in progress on this notice day, there is no guarantee that the proposed agreement arrangement, privatization and delisting will be carried out.

In the eyes of the industry, this is a direct confirmation of the rumour that PEAK sports will announce its privatization plan.

If PEAK finally completes its privatization successfully, it will become the first company in Quanzhou to abandon H to invest in A.

Shares rose 17% on that day.

PEAK group CEO Xu Zhihua later said in an interview that the company chose privatization at this time node because "the company's share price was seriously underestimated".

But asked whether he was returning to A shares or backdoor listing, he said he had not considered it yet.

The reporter learned from a person familiar with the matter that PEAK's return to A shares was "premeditated".

Over the past few years, PEAK's performance in the Hong Kong stock market has been quite calm. As Xu Zhihua said, "the share price of the company has been seriously underestimated".

PEAK has been in the doldrums since its listing in 2009 and has fallen below HK $4.1 on the first day of listing.

In the past year, PEAK's share price has only reached HK $2.86. In early 2016, PEAK fell by about 8.6% on the first Monday, and its share price was only HK $1.92 before the suspension.

At present, whether it is stock price or market value, PEAK is lower than XTEP, Quanzhou, Anta and other sports brands listed in Hong Kong.

Li Rongkui, general manager of Fujian Asia (Fujian) Investment Limited, thinks that apart from the low share price, there are several characteristics of PEAK that meet the requirements of privatization. For example, the P / E ratio is lower than that of the peers, and the shareholding of large shareholders is more favorable for the vote and the institutional capital is ample.

Coincidentally, the listed Hongkong fortune bird has announced its application for listing on the Shanghai stock exchange in recent days, raising funds of not more than 1 billion 200 million yuan. At present, the Fujian regulatory authority of the SFC has received guidance materials for registration and registration.

It expects to further enhance brand awareness through the issuance of A shares, optimize the corporate governance structure, issue domestic and foreign financing platforms, and improve the liquidity of the company's shares.

Replenish capital has become the biggest demand for fortune birds to land on A shares, and its fund-raising proceeds will be used for upgrading and marketing of group marketing channels, upgrading of group technology and production lines, and upgrading of group design and R & D centers.

There are also twists and turns in the listing of rich birds.

In 2010, the fortune bird originally planned to have a "high price earnings ratio" of 35 times in the middle of the 2011 year of the Hong Kong stock market IPO, which "shook" the listed lines of the fortune bird. Meanwhile, the valuation of Hong Kong Stock clothing listed companies was only about half that. At the end of that year, the fortune IPO turned to the A share market.

But after A long IPO pause, after more than a year's long wait, the rich bird finally turned to Hongkong market.

Unlike PEAK's red chip structure, the rich birds are listed on the Hongkong stock market by H-share, which has paved the way for the listing of A shares. This return to A shares is also logical.

Meck sells shell

Recently, Jinjiang sports brand Meck international has been renamed Shaw Brothers. The company will pform from sporting goods company to entertainment company.

Prior to that, Ding Siqiang, chairman of the former board of directors of MGM international, also abdicated executive director, which announced that Merck international had sold its shell.

In January this year, Meck's largest single shareholder and executive director, Ye Jiahai, entered into a sale and purchase agreement with the company under the control of CMC Holdings Limited, selling 350 million shares to CMC, which is equivalent to 29.55% stake in Meck, which accounted for 287 million yuan on the same day's stock price.

At the same time, this also means that CMC has become the largest shareholder of Meck.

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Public information shows that CMC Holdings Limited is a Chinese cultural holding company, founded by CO investment from Alibaba, Tencent and Yuan he holdings. The total financing scale is more than ten billion yuan. The former chairman of Shanghai cultural radio and Television Group (SMG), the chairman of Shanghai first financial media Co. Ltd. and Li Ruigang, Secretary of the Shanghai TV station Party committee, are the chairman of Chinese culture holding company.

In fact, Meck has been interested in selling since last year. In July 2015, Li Rigang tried to unite Tencent and Hongkong BTV TV chairman Chen Guoqiang (hereinafter referred to as the three party joint subscription of new shares) to acquire Meck international new stock issuance at the price of 3 billion 960 million Hong Kong dollars, taking the latter's controlling interest, but the paction was finally aborted due to the HKEx restrictions.

The HKEx believes that after the completion of the three party joint subscription of new shares, there may be a fact that the main assets of Meck are cash.

Li Rigang's "comeback" paction is part of the acquisition of Meck's old stock and no longer subscribe to new shares.

Public information shows that the main business of Meck is the production of sporting goods. There are more than 300 stores in the mainland of China, which were listed in 2010, and the income in 2014 was 148 million yuan, down 9.38% from the same period last year, with a loss of 106 million yuan.

With this round of restructuring, the market value of Merck is currently HK $1 billion 600 million, a 2 fold increase over the same period last year.

A broker representative told Business Daily reporters that in the Hong Kong stocks listed SMEs, the selling shell tide is coming back.

Last year, Tencent holdings joined Hengda Real Estate for HK $750 million for Hong Kong listed companies.

Earlier in May 7th, Alibaba chairman Ma Yun borrowed the Yunfeng fund and invested HK $2 billion 686 million in Rudong Group Co., Ltd., which was mainly brokerage, placement and underwriting, as well as consulting and consulting services. This is also the Third Hong Kong stock listed company acquired by Ma Yun after Ali pictures and Ali health in Hongkong.

Many enterprises immediately sell their shells after the end of the ban period. For example, in January last year, the first MAGNUM of the Hongkong night club, which attracted countless eyes, came to the news of the sale of the chairman only half a year later. The sale of controlling rights was announced at the end of the one year's ban period. In March this year, the chairman had already cash in 400 million Hong Kong dollars and left a crowd of investors looking at each other.

Shell sales also attracted institutional speculation. Last year, after the three party entered the holding of Meck, the market value of Meck, which lost more than 100 million, rose from 1 billion Hong Kong dollars to 18 billion 500 million Hong Kong dollars.

The share price of Beiqing media mentioned above also surged 75% to HK $9.1 in the year's highest level on the day of the announcement.

Rudong group's share price also rose to HK $25, or more than 170%, at the resumption of trading.

It is understood that entrepreneurs in Quanzhou are ready to go public in Hongkong, and then sell their shell and withdraw to earn the middle price difference.

According to introducing, at present, the main board shell resources of Hong Kong stock are around 500 million Hong Kong dollars, and the growth enterprise market is around 300 million, while the cost of listing Hong Kong stocks is about tens of millions of Hong Kong dollars, which can still get considerable profits.

Insiders pointed out that since the beginning of this year, the number of listed companies that actively sought to sell shell has increased significantly. Some shareholders have disclosed privately that they will not collect extra "shell fees" which have become the hidden rules of the industry.