No &Nbsp, Fuling Pickled Mustard Tuber Is Going To Be Listed Again.

At the end of April, Fuling's pickled mustard tuber Culture Festival and pickle and condiment exhibition were being launched vigorously. Meanwhile, another news about Fuling pickled mustard tuber was also rapidly pmitted in the capital market and Industry: as the largest pickle processing enterprise in China, and also the main corner of the pickled mustard tuber Cultural Festival, Chongqing Fuling pickled mustard tuber (Group) Co., Ltd. (hereinafter referred to as "Fuling pickled cabbage group") was rejected.

This is a gem candidate who is almost everyone's favorite, but it is a surprise result for everyone.

At the beginning of this year, Zhang Ming, Secretary of the District Committee of Fuling District of Chongqing, also announced generously when she talked about Fuling pickled mustard tuber group.

At that time, whether Fuling's pickled cabbage group's strategic partners, brokerages, or analysts were sharing Zhang Ming's confidence and optimism.

It is understood that the Fuling Szechuan picket group after the completion of the share reform, Fuling SASAC is still its major shareholder.

Moreover, the group's listing roadmap is depicted more clearly.

Fuling mustard group is located in the Fuling District, which is the most listed company in Chongqing.

In April 28th, the reporter learned from the office of general manager of Fuling pickled vegetable group that despite the setback of the gem, the realization of listing is a constant goal.

Next, Fuling pickled mustard tuber group will fight the small and medium-sized board, and "put the listing to the end."

Unexpected refusal

In the current pickled mustard Culture Festival, Fuling pickled mustard tuber once again proved its market share of the country's first "old brand" appeal: first day suction gold 1 billion 100 million yuan, contract customers reached 11.

However, although only one cultural festival can enter the "billion club", Fuling pickled vegetable group is not the "vegetable" of the SFC.

At the beginning of the month, the news of the rejection of Fuling pickled vegetable group's listing has been heard. Now, Fuling pickled vegetable group and its investors have confirmed that this is true.

"The listing plan will continue, and there will be no SME board.

Although this result is quite unexpected, we still have confidence in the future, "said Fuling insiders.

"At this time, it is not convenient for us to say more. In short, the potential and performance of the group are in the clear. We can see for ourselves."

In the eyes of its listed sponsor, China Merchants Group, Fuling mustard tuber group should be able to get started with a pioneering business.

At the same time, Fuling's pickled vegetable group has high hopes for landing on GEM, as well as exchanges between Shanghai and Shenzhen.

As early as 2006, when nearly 1000 companies were listed on the market, Fuling pickled vegetable group, which is considering the reform of stock market, began to engage closely with the capital market.

At that time, the Shenzhen Stock Exchange and the Shanghai stock exchange actively offered the Fuling pickled vegetable group, promising to open a number of green channels for listing.

In April 27th, Fuling SASAC said that listing in Fuling pickled vegetable group has been a constant goal in the process of agricultural industrialization.

The positive reaction of the two exchanges was to make the Fuling pickled vegetable group clear the listing strategy.

From the various conditions listed at that time, Fuling pickled mustard tuber group is also available.

After the completion of the share reform and the introduction of strategic investors, the conditions of Fuling pickled vegetable group's listing are more adequate.

"The food industry is a typical small profit enterprise.

To survive, new projects and high profit products are needed. This requires a lot of financial support.

Today, when the price advantage is not attractive, it will be a sustainable way to survive in the capital market and expand the scale. "The SASAC explained the reason why Fuling pickled vegetable group persisted in listing.

It is understood that in 2007, the SASAC of Fuling District pferred the 23.8806% stake of Fuling pickled vegetable group in Chongqing joint stock exchange, with a listing price of 48 million 586 thousand and 20 yuan.

Finally, the East trillion Changtai investment group (hereinafter referred to as "East trillion Changtai") won 28% of Fuling pickled cabbage group's shares at a price of 80 million yuan and became a strategic partner of the latter.

For the Fuling pickled cabbage group's listing, Guo Xiangdong, chairman of the East trillion Changtai, and the Fuling SASAC can not agree with each other.

According to industry sources, Guo Xiangdong's investment in Fuling pickled mustard tuber group is gambling.

After the introduction of Changtai into Fuling pickled vegetable group, a listing road map towards gem was launched: first 40 million shares, 12 yuan per share, and 600 million to 700 million yuan in financing. The funds are mainly used to discuss mergers and acquisitions and foreign investment.

Debate on the content of science and technology

So far, the SFC has not identified the reason why Fuling pickled vegetable group has been rejected. However, capital market participants invariably attribute the crux to "insufficient scientific and technological content".

In March 19th, the SFC issued the guidelines for sponsoring agencies of gem, which divided all enterprises seeking to enter the gem into two camps. The purpose is to welcome enterprises that are supported by national policies by "hi tech, independent innovation", and evade traditional enterprises that are inhibited by industrial policies.

In this guideline, the food and beverage industry has become one of the industries that need recommendation from sponsor agencies.

However, for the lack of scientific and technological content, Fuling mustard group does not agree.

The group said that pickled mustard tuber may be a traditional industry, but Fuling pickled vegetable group is an excellent and high-quality enterprise.

High and new technology has long been integrated into the company's production and development.

Zhou Binquan, chairman and general manager of Fuling mustard group, has been emphasizing technology and innovation.

Fuling pickled vegetable group introduces that the company has shifted from manual workshop to full automatic production line, and is developing and utilizing new technologies in the process of pickling, pickling, preservation and even marketing. Product quality control has achieved a leap from traditional experience type to modern data type.

Public information shows that Fuling pickled vegetable group has been awarded the title of "Chongqing high and new technology enterprise".

Moreover, the brand value of Fuling pickled cabbage group was identified as 11 billion 184 million yuan in the 2009 annual forum of China's agricultural products regional public brand construction hosted by the information center of the Ministry of agriculture last year.

Fuling pickled vegetable group group introduced that after the pformation of traditional industries by hi-tech, the company's performance rapidly increased.

At present, the sales volume of pickled mustard tuber has jumped from 24 thousand tons to 65 thousand tons, and the contribution rate of science and technology has increased from 12% in 2000 to 45%.

In the blueprint of Fuling mustard tuber group, listing is an effective way to build up a new level.

According to its plan, it will rely on the financial support formed by the listing to integrate other powerful pickled vegetables enterprises through acquisition, merger and joint operation to achieve the target of 5 billion yuan in sales revenue.