Twists and turns: 28 enterprises to suspend IPO OPPLE blocked again

June 24th, OPPLE lighting submitted a prospectus to the China Securities Regulatory Commission, further to IPO. OPPLE IPO soon, the industry on the listing of all kinds of initiatives OPPLE talk. However, in July 6th, the Commission on the official micro-blog said, 28 listed companies to suspend the issue, no recent IPO, the next step of the IPO audit work will not stop, but will greatly reduce the IPO financing amount and issue number. This means that OPPLE listed again blocked the road. The following stages of interpretation of the road OPPLE IPO.

Embark on the listing journey

Time: May 17, 2013

Background: LED lighting listed companies net profit fell year on year

Stage: Coaching

Status: first trial

In June 17, 2013, the Commission published on the website of the initial public offering (IPO) to declare basic information table shows, OPPLE lighting to be listed on the SSE, approval status as first instance, the listing of counseling agencies CITIC securities.

OPPLE is one of the leading enterprises in traditional lighting, is accelerating the transformation of LED lighting. In the LED emerging companies there, OPPLE lighting does not rush to market, because of its stable status, mainly to Home Furnishing lighting, if not listed can also compete with the NVC, three etc.. Emerging LED lighting companies are scrambling to market, if not listed, OPPLE lighting will face the danger of being exceeded.

Listed road blocked

Time: July 13, 2014

Background: performance report material expired

Stage: making materials

Status: abort review

July 13, 2014, Wu Yiming, Secretary of the board of OPPLE lighting confirmed that OPPLE lighting is indeed suspended IPO. The explanation, after the listing of OPPLE lighting materials, reported 2013 results, these results will expire by the end of June 2014. Wu Yiming, Secretary of the board of OPPLE lighting confirmed that we are 9 months late this year reported the results reported up, it will resume the approval process. Currently OPPLE listing matters, in the normal advance".

Gate second times in IPO years after January, the SFC in July 4th suddenly announced that the two exchanges in Shanghai and Shenzhen first application has been accepted and pre disclosure of 637 companies starting in 589 enterprises suspend the review, including OPPLE, Wang Zhaoming, marine lighting LED lighting enterprises and di photoelectric materials supporting enterprises.

Two impact IPO

Time: October 10, 2014

Background: real estate downturn, the stock market pressure

Stage: making materials

Status: accepted

October 10, 2014, the China Securities Regulatory Commission accepted the first 623 companies, which have been over 33, not over the meeting of the 590. Not too would normally pending corporate enterprise 566, 24 enterprises suspend the review. According to the Commission issued in October 11th issued by the Ministry of supervision of the initial public offering of stock audit work flow and application of the enterprise, originally in the suspended review status of OPPLE lighting audit status shows that has been accepted".

Analysts said that before the termination of the OPPLE lighting IPO, mainly due to the strict control of the policy on the financial time node, most of the data update did not meet the requirements. This surface is required to improve, in essence, is the pressure on the stock market IPO, the government wants to control the rhythm, do not want the second half of the year so many companies crowded together listed.

OPPLE IPO soon

Time: June 4, 2015

Background: the stock market is booming, IPO floodgates open

Stage: apply for approval

Status: first trial

Nanus technology, storm technology and so on, a listing is 10 or more consecutive trading, opening all stocks boom, with the booming stock market climax, LED companies have rushed to the market, and once formed the new three board listing tide. Into 2015, the new board seems to have become a dark horse overnight in the capital market. It is reported that the new three board listed companies have reached a total market capitalization of trillions.

The OPPLE lighting prospectus, the company from 2012 to 2014 to achieve revenues of 3 billion 125 million 37 thousand and 800 yuan, 3 billion 367 million 180 thousand and 800 yuan and 3 billion 819 million 211 thousand and 300 yuan, net profit of 429 million 294 thousand and 900 yuan, 478 million 815 thousand and 100 yuan and 300 million 848 thousand and 700 yuan, the income scale overall growth trend, but the decline in the level of profits.

OPPLE IPO re blocked

Time: July 6, 2015

Background: the Commission suspended the issuance of new shares IPO

Stage: apply for approval

Status: suspended

According to media reports, the evening of July 4th, IPO issued a request to suspend. Investment bank said that the Commission has issued an e-mail request, has paid IPO refund, 7 points before the evening of the notice issued to the exchange. Announcement will be unified, due to the recent volatility in the market, the issuer and the sponsor (underwriter) Company for careful consideration, decided to suspend the subsequent release of the work. The original disclosure is expected to adjust the schedule will be adjusted. Online subscription funds in July 6th thaw, net purchase funds back in July 6th. Issuers and underwriters will promptly announce the subsequent issue of this issue. According to public information, the company involved in the suspension of a total of 30 IPO, including the issue of new shares to be listed there are 10.

In July 6th, the Commission on the official micro-blog said, 28 listed companies to suspend the issue, no recent IPO, the next step of the IPO audit work will not stop, but will greatly reduce the IPO financing amount and issue number.

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