On March 28th, the restructured Riley Lighting was officially renamed as Zhongshan Laili Lighting Co., Ltd., and it is about to enter the listing counseling period, which opened the prelude to the restructuring of Zhongshan enterprises this year. According to the news of the Municipal Finance Office, there were 23 enterprises entering the restructuring and listing procedures, which exceeded the total number of enterprises previously restructured in Zhongshan City, and 7 enterprises were successfully restructured into joint-stock companies. Riley and Huayi from the lighting industry have completed the share restructuring, and Op Lighting completed the preparatory work. There are indications that the collective efforts of the lighting companies to sprint the capital market may become a landmark event in the Zhongshan lighting industry.
The municipal government launched an equity investment this year, and the “China Light Capital†ancient town listed the support of enterprises as one of the economic priorities. There are fewer listed companies in the lighting industry. Only Foshan Lighting, Zhejiang Sunshine, and Snowlight are listed in China. There are many companies that meet the listing requirements in Zhongshan, but there is no listed company yet.
Riley lighting has been successfully reformed
"We have completed the restructuring, prepared for the pre-marketing, and will enter the listing counseling period." After the enterprise restructuring was approved by the Ministry of Commerce and the State Administration for Industry and Commerce, Huang Yongkang, chairman of Zhongshan Laili Lighting Co., Ltd., described the pre-marketing A series of work.
Before the restructuring, Riley Lighting was a Sino-foreign joint venture professional lighting export enterprise. Searching for news about "Rili Lighting", you can see such a report - Riley Lighting is a benchmark for Zhongshan's economy, with an annual export of 48 million US dollars. At least 300 to 1000 new products are put into the international market every year. Quality Technology The indicators have reached the world's advanced level. However, this lighting company in the port town has been doing foreign trade business, and the products have not been sold in the domestic market. There are relatively few reports about it. Only the company's Kaimeng lighting has slammed the domestic market and has been popular among many dealers.
It is understood that Riley Lighting began restructuring last year, with a focus on asset restructuring. "This restructuring is to incorporate Kaimeng Lighting and Weicheng Paper into Riley Lighting to improve the shareholding structure of Riley Lighting." According to Huang Yongkang, according to the requirements of listed companies, Riley Lighting has hired a famous domestic institution to restructure The assets of the enterprise belong to high-quality assets. In the process of restructuring, the “green light†all the way. “After submitting the application, the Ministry of Commerce approved the restructuring in February, and then received the approval of the State Administration for Industry and Commerce in March.â€
The completed Riley lighting selection was officially listed on March 28. This day is the day when Zhongshan held an economic and trade fair. One of the important agendas is equity investment, encouraging enterprises to improve their shareholding structure through investment promotion.
Lighting companies force capital market
Behind the listing operation of Riley Lighting is the collective “impulse†of Zhongshan Lighting Co., Ltd., which is supported by the huge lighting industry led by the ancient town.
The lighting industry is an important industry in Zhongshan, but there has been no listing of companies. As early as a few years ago, the ancient town government proposed to promote the listing of enterprises in various forms. It is expected to use the financing function of listed companies, adjust the financing structure, and promote the optimization and upgrading of industrial structure.
In 2007, news of the preparations for the listing of Huayi Lighting came out, and the news was quickly confirmed. The person in charge of Huayi Lighting revealed in an interview that the company's 2006 output value has reached the basic requirements for domestic A-share listing, and it was reformed in April last year. According to the listing process, Huayi Lighting is expected to submit a listing application to the China Securities Regulatory Commission from June to August this year.
Then, the news that another well-known lighting company in the ancient town, Opal Lighting, was on the market. In the rumor, Op Lighting has completed the preliminary preparations and plans to become the most competitive global lighting company with the largest market share in China by 2016, and strive to achieve annual revenue of over RMB 3 billion by 2009, but The news was not confirmed by Op Lighting.
According to the news from the Municipal Finance Office, in the past two years, many companies in the city have been listed on the market. By the end of March this year, there were 23 companies that entered the restructuring and listing process, exceeding the total of all the previously reformed enterprises in Zhongshan. Among them, 7 companies were successfully restructured into joint-stock companies, one company passed the audit of the CSRC, and three reported to the Guangdong Securities Regulatory Bureau for counseling. In the lighting industry, Riley and Huayi have been converted into joint-stock companies.
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