FAW do pushing palms Fawer years backdoor Main Board Listing

FAW do pushing hands Fawer years backdoor Main Board Listing

Article by hi joiney

Although the process is still listed FAW Group as a whole is obscure, but its wholly-owned subsidiary, after the successful restructuring of the Fawer Automotive Parts Co., Ltd. (hereinafter referred to Fawer shares) is expected to achieve listed first.Fawer shares a close source said in an interview, "the parties concerned are actively promoting the rich Austrian market, has set up a special team responsible for this IPO, scheduled to be achieved before the end of the Main Board Listing backdoor."After news that has entered bankruptcy and reorganization proceedings * ST may Hang or stake into an Olympic ideal backdoor listing, If Fawer shares have the same * ST Jilin Hang creditor banks "grab shell" to win the competition, will significantly accelerate their time to market. Fawer's recent call Liaoyuan Deheng Company Limited shares and the manager of bankruptcy reorganization confirmation of the accuracy of the information, neither been officially confirmed.Positive performance gains across the board as listedFawer Automotive Parts Co., Ltd. was originally a wholly owned subsidiary of FAW Group, FAW Group and the importance of the domestic auto industry suppliers. Fawer shares produces environmental control systems, chassis systems, steering and transmission, safety systems, engine accessories systems, auto parts, and in 2007 completed the overall restructuring, is independently operated, self-financing corporate entities and market competition subject.According to a stake in Fawer insiders for many years, the rich Austrian company originally as a "bad assets" to be listed on the FAW Group, aim at the whole strip. A securities business say the FAW Group Fawer 35% share holding, as holding less than 50% of the parent company, FAW Group Corporation's financial statements will not contain the rich Olympic performance, if the FAW Group to achieve the overall market, the performance can not be dragged down shares Fawer.This reporter learned that the success Fawer shares after the reform, including FAW Group, Ningbo Huaxiang, including several large shareholders want their separate listing as soon as possible, while the auto market gains across the board to bring the performance continues to improve just as the rich Austrian shares speed up the listing process of performance support.Fawer shares the insider said in an interview, as the holding shareholder, operating performance gains across the board so that the rich Austrian shares senior management to get the end of last year's distribution of dividends per share, 2 cents, its shares in the heat Fawer restart the device with the foreign branch offices of a leading auto parts enterprises in joint venture negotiations, coupled with rich Austrian industrial park is completed, all listed shares for the rich to provide a good Olympics.Or backdoor * ST was HenryIt is understood that the successful end of this year to achieve the listing of the shares to the target Fawer, while the main board stock market is the optimal choice Fawer.Fawer shares close above source also told the press confirmed that the rich really are looking right Austrian shares, more clean "shell" to achieve reverse merger, IPO has already established a working group, according to the original plan was to visit the end of motherboard."The current executive team Fawer shares have entered into the original stock subscription agreement, listing programs are normally promote" the person added, "If all goes well, will be listed at the end of the year to achieve the current operation, the key is can realize its wish to find appropriate 'shell' resources. "There are news that have entered bankruptcy and reorganization proceedings may Hang or * ST Fawer shares will be the ideal choice backdoor. It is understood, * ST creditor may Jilin Bank Co., Ltd. Hang on * ST was proposed by Henry for the assets, restructuring has been approved by the court, the company's first meeting of creditors will be held on May 19.Northeast Securities analyst who asked not to be named, said in an interview, * ST Heng, once assets were successful reorganization, will become a "clean shell" is the best listed companies to seek backdoor shell resources.The only variable is, * ST may Hang creditor banks are also planning IPO listing of Jilin, Jilin, if banks want to get Henry * ST Debt restructuring to achieve the listing of shares will be the biggest competitor Fawer."If you can not successfully find a suitable shell resources, the objectives listed Fawer I am afraid that in turn this is difficult to achieve." Shares the insider Fawer told reporters.FAW into the background leadingThis reporter learned that, in advancing the process of listing shares Fawer, the FAW Group has been the driving force behind playing a role.According to informed sources, had FAW Group, Ningbo Huaxiang funds by absorbing the rich Austrian company successfully restructured, the overall market is considered to get rid of a big "burden."In fact, although shares in the parent company became Fawer was the second largest shareholder, but the FAW Group, Fawer still hold shares in the operating control. Fawer shares Vice Chairman Teng cavalry by the FAW Group, part-time, while controlling shareholders Zhou Xiaofeng, chairman of Ningbo Huaxiang only as vice chairman. "As the company's chairman and controlling shareholder is not the case is unusual, it also showed reluctance to give up Fawer shares FAW actual control." Fawer shares the close source told reporters.In addition, Ningbo Huaxiang 1.16 yuan per share last year, the price premium of nearly 16% of shares 29% Fawer sell stake to 20% of the total stock return for the third-largest shareholder. The move is considered Fawer shares for paving the way towards the capital market. According to relevant regulations, Fawer shares there were obstacles in the shareholder structure, while FAW Group became the controlling shareholder Fawer shares also help promote the listing Fawer.However, according to report, Ningbo Huaxiang Fawer was a major shareholder of shares is the choice of transition, but also to ensure the smooth progress of restructuring, while the FAW Group once again become the controlling shareholder to advance Fawer listed on the initial restructuring process is both Fawer consultations have already good results."Ningbo Huaxiang stake in Fawer hopes to strengthen ties with the FAW Group, day 100 million investment is for the acquisition of specialized Fawer equity fund established, and for FAW Group, as a major restructuring of its business results, will Fawer ahead to listing of the shares, once the listing successful, the same type of state-owned enterprises will be restructured to provide a successful example. "the source close to the rich, said Otis.

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