Kiss Cat Parent Company to Test IPO's New Stock Offering System

January 20 news, women's shoes brand Kiss Cat (kissing cat)'s parent company Guangzhou Tianchuang Fashion Footwear Co., Ltd. will be listed on the Shanghai Stock Exchange listed, is expected to officially open before the Spring Festival fund-raising.

The Securities and Futures Commission issued a document today stating that seven companies, including Tianchuang Fashion Footwear, will adopt the new share issuance system. The main changes are:

First, when investors purchase (T day), they do not need to pay the purchase price. On T+2, they must pay the subscription amount in full according to the online results announcement or the offline initial announcement.

Second, investors must express their intention to purchase independently and should not entrust a securities company to buy new shares on their behalf.

Third, when online investors fail to pay in full after three times in a row within 12 consecutive months, they may not participate in the subscription of new shares within six months;

Fourth, if the number of publicly issued shares is less than 20 million shares (including shares) and there are no plans for the transfer of old shares, the price will be directly priced and all of them will be issued to online investors.

Some investors are very optimistic about the issuance of new stocks. They think that “this is the rhythm of the red packets for the Spring Festival” and Zhang Yidong, chief strategist at Industrial Securities, pointed out that the time window for spring bounce has already started.

It is understood that Guangzhou Tianchuang Footwear was established in Guangzhou in 1998 and is a wholly-owned subsidiary of Hong Kong GaoChuang. In addition to the Kiss Cat brand, it also has brands such as PATRICIA, ZSAZSAZSU, Tigrisso and Kiss Kitty. The brand is positioned as a middle-class professional woman. user. In 2011, Tianchuang Shoes obtained IDC Capital's 97 million yuan *** capital injection.

Kiss Cat, a subsidiary of Tianchuang Shoes, has over 500 stores across the country, covering 31 provinces and cities, and has opened official flagship stores with Tmall, Jingdong, and Vipshop.

According to the Tianchi Fashion's public offering published in 2014, it was learned that in 2014, the total revenue of Tianchuang Fashion reached RMB 168,885,600, an increase of 11.67% over the same period of last year, and net profit was RMB 123,887,800, a year-on-year increase of 14.65%. Compared with the increase in net profit of -12.00% in 2013, the 2014 performance has obviously rebounded.

It is reported that Tianchuang Fashion publicly issued shares of no more than 70 million shares and plans to raise funds of 6851.3167 million yuan. The funds raised are mainly used for three projects, one of which is the expansion of women's shoe sales chains. The company plans to build 428 direct-operated stores in large and medium-sized department stores and 20 new flagship stores in large and medium-sized commercial centers.