Asian Group "suspension" of the ceramic listing is going downhill?

<p> 2010 年 3 31, announced on the Singapore Stock Exchange, including through wing magnetic, spring Shun Fat Industrial, Asia Group, the issuing of Unisys technology and love EMS, including five companies will be delisted. .Related stock from April 1 to cease trading, in which Asian group (ASA) is listed on the SGX-funded concept "dragon chip stocks," the company. .</ P> <p> the regulations under the SGX, who suffered pre-tax loss for three consecutive years and 120 days, average daily market capitalization of less than 40 million Singapore dollars the company will be included in the watch list, if List .The company still can not meet the requirements of profit or market value, it will face the misfortune of being delisted. .</ P> <p> "better not listed ceramic companies, a listing of Phi started down the road", in an interview at home Sohu, China Building Sanitary Ceramics Association, former president of the Ding Weidong was the case said. .Listed companies from the ceramic sanitary history, in addition to the relative stability of CIMIC, the very few companies out of this vicious circle, whether it is the later Asia, four-dimensional, Eagle and other listed companies, or before the Fuling Ceramic, Fujian .Haosheng, Fujian Shuangling and some pan-ceramic enterprises have, without exception, take a detour, but also because of loss of business was forced to withdraw from the market to sell shells, ceramic enterprises listed seems to have become a "minefield operations." .</ P> <p> dimensional Bath: blind diversification "professional bathroom first listed Chinese companies" into the history </ p> <p> 2009 年 5 months, the four-dimensional transfer its holding in Chongqing's "four-dimensional bathroom ."business and assets, Chongqing Textile Holding Group took over, return to the state-owned four-dimensional wares. ."China's first listed company of professional bathroom" has become a four-dimensional bathroom history. .</ P> <p> as "China's first listed company of professional bathroom," four-dimensional once the industry leader in sanitary ware, bathroom domestic enterprises to learn from. .Now ranked the vanguard of the Wrigley national sanitary ware brand, and its leader who was once the four-dimensional Xie Yuerong learn. .But only after the listing of four-dimensional and do not make good use of large amount of funds raised to expand production, improve the equipment, but to other industries, such as real estate, finance, etc., "do bathroom too hard," four-dimensional bathroom .one executive said, "people in general could not withstand the temptation of money," and it was hoped that through the four-dimensional investments in real estate and other industries to find new growth point of interest, but a wide range of results is not only the loss of funds, .also lost the original bathroom industry competitive advantage, leading to a continued loss of four-dimensional situation. .In response, industry analysis, a lot of money after the national enterprises, often blindly committed a wide range of errors, the result is often worth the candle. .</ P> <p> "no goal, the result of over-expansion, often because of funding, management can not keep a moment, seemingly a result of large listed companies 'sudden death'. ."In an interview, ceramic machine equipment industry's first listed company, general manager of Kodak Edge electromechanical process has the case said. .</ P> <p> 2008, at the China Building Sanitary Ceramics Association meeting on the general election, the beautiful Huang Jianping, chairman, said, "We do not think they can do anything, there must be awe", the idea is worth .All the enterprises, especially listed companies food for thought. .</ P> <p> Eagle ceramics: the Asian financial crisis, "Lucky Eagle" ultimately failed to seize the opportunity to </ p> <p> if the listing after the four-dimensional detour from the bathroom, "was the money washed .faint head, "the blind diversification Eagle Fall ceramics were attributed to corporate governance structure is too complex and inefficient decision-making, has repeatedly lost opportunity. .</ P> <p> Foshan ceramics industry as an early benchmark for business, Eagle ceramics listed in Singapore in 1999, 1999, the Asian stock market performance is poor, but the Eagle offering 230 million shares, more than 3,300 funds raised .million U.S. dollars, the industry was called "a particularly lucky eagle." .</ P> <p> only special lucky, "Eagle", has influenced a generation of Foshan ceramic enterprises, whether or later from the Dongpeng Hongyu, brand LOGO can see the Eagle's shadow, much more .have a little less "pay tribute to the older generation" means. .In 2000, Eagle ceramics reached 1.3 billion in sales, product quality was also just become the benchmark, which has become the peak of Eagle Ceramic. .</ P> <p> But less than a decade, in 2009, even the rising star of Hongyu Ceramics, firm size has also been a few Eagle. .Why is caught in difficult situation summarized Eagle, the former president of the words Zhangmeng You may be able to comment as one: "When a loss in the Eagle Brand Holdings company has not invested, but points out the money. ."Corporate governance is too complex decision-making led to low efficiency of Eagle, lost a lot of development opportunities, funding for the company failed to expand production, transformation facilities, a direct result of the Eagle status in the doldrums, has been unable to truly bottom out. .November 2009, Eagle Brand Ceramic acquisition dust settles, Eagle ceramic 5.1671 billion acquisition by San Shek Wan street. .</ P> <p> capital operation is the key to how the use of the double-edged sword </ p> <p> pottery from Fuling, Fujian Haosheng, Fujian Shuangling, Jiangquan industry, Huaguangtaoci, to Eagle Ceramics ., four-dimensional Holdings, Asian ceramics, seems due to "market" and gradually sink, ceramic enterprises listed on the operation really is mined it? .</ P> <p> Insiders pointed out, nothing wrong with misappropriating public, working capital, to a certain stage of enterprise development is the only way, the key is how companies use large amounts of funds raised to the clear objective, rational management, moderate expansion. .Asian ceramic suspension, Eagle was sold out four-dimensional, are related to corporate management and decision-making has a lot, but we can not simply be attributed to mistakes in the listing of the amplification effect of business decisions. .</ P> <p> fact, not all enterprises are listed on the fate of rough pottery, ceramic enterprises relative to the number of listed, ceramic machine industry, mechanical and electrical performance of subjects started with eye-catching. .</ P> <p> 1992, the subjects create, only 8 million start-up capital, 6 years Hou Keda began to seek market development. .After four years of efforts, Keda successfully October 10, 2002 listed on the Shanghai Stock Exchange. .The listing of subjects had 2.8 billion development of financial capital. .Second four-year, subjects quickly among the "China Machinery 500", "China Building Material Machinery 10 strong." .As of 2009, total assets of Keda Industrial Company about 15.8 billion yuan, output value increased by eight times or so. .Both technology and scale, are Chinese ceramic machinery industry leader. .</ P> <p> summarizes the development of electrical and mechanical subjects, general manager of side-way interview, said, "All this is inseparable from the subjects of stake changes, which is the cornerstone of the success of Kodak, doing business .scattered people together is financial, fiscal together people scattered. ."March 16, 2010, through equity incentives, to the core technical personnel directed issue of shares, Keda Electrical and rewarded 21 employees," a create ten millionaires. " .</ P> <p> core technical staff through a high-level equity incentives and technological innovation, Kodak has maintained fast development momentum, and innovation, from production to the production of ceramic machine coal gasification equipment, constantly looking for new business models .. .April 5, 2010, even though there have reported that Li Ka-shing's Hutchison Whampoa Group intends to intervene in China by Keda clean coal industry. .</ P> <p> "capital operation is double-edged sword, the key is how the use of, with the good, but harm the business. ."Some experts point out that stock market risk, market to be cautious, to the enterprise market in a strong driving force for development, but also to the enterprise managers set higher requirements. .</ P> <p> "their own knowledge-based enterprises to become the first, or even listed, they would face many difficulties." .China Ceramic Industry Association, vice chairman, South China University of Technology Professor Chen Fan said. .</ P> <p> Capital Management will become the inevitable choice of ceramic enterprises bigger and stronger </ p> <p> because the level of restrictions and development of the industry affected by product characteristics, ceramic sanitary ware industry, not many listed companies, domestic A .share market, only Tangshan Ceramic, four-dimensional Holdings, Gaochun ceramics, jade source Holdings (* ST Yu-source), Haiou bathroom, into shares of Lin, with subjects related to mechanical and electrical. .But in many industries, public enterprises have become an important tool in leaps and bounds. .</ P> <p> In fact, the equity has become a successful business is extremely important part: Cisco through the acquisition of the world's largest companies, Buffett top global rich investing in stocks, Mengniu fortune through international capital, capital markets .again and again to help entrepreneurs realize their dream of prosperity. .</ P> <p> "production and operation of a tiger, capital operation is to give the tiger wings. ."Some experts analogy that the relationship between capital and production operations are not independent, but interrelated and mutually reinforcing. .Business development operations to a certain extent, inevitable changes to the capital operation in order to obtain the development by leaps and bounds. .Therefore, a lot of hope for long-term business invincible, listed is an inevitable choice. .</ P> <p> "If you're on the annual growth rate of 10% satisfied, then simply do not have the help of capital markets. .However, if 20% or higher, must take the capital market this way. ."CIMIC in 2007 landed the domestic A-share market of ceramic, Chi Hung Lee, chairman of the case said. .</ P> <p> in the market for ceramic sanitary buildings listed companies inject a shot in the arm </ p> <p> 2010 年 3 30, in Yu bathroom (Joyou) at the Frankfurt Stock Exchange (Frankfurt Stock Exchange .) of the motherboard market (Prime Standard) listed. .Yu is the first in the bathroom in the bathroom of Chinese companies listed in Europe, is expected to be selected in the medium term the German SDAX index constituent stocks listed in Germany will become the largest Chinese companies. .</ P> <p> listed as the first German companies Nam bathroom, bathroom in the Yu-listed in the Frankfurt market is bound to have come to expect a lot of ceramic sanitary ware companies a boost, belong to a few bathroom companies in Fujian Nanan ., both nine, animal husbandry and sanitary plumbing, or brilliant, have said publicly that business will be listed. .In the Tao are Foshan, also once came Hongyu Ceramics backdoor listing, Bode ceramics, sanitary ware will be the German Emperor and other companies listed on the listing plan. .According to introduction, Oceano ceramics, sanitary ware and so has entered the market Dongpeng counseling period. .</ P> <p> "We can not risk the presence of unworthy, to a certain degree of business development, market is bigger and stronger the inevitable choice." .In an interview, a bathroom business owners the case said. .</ P> <p> enterprises wishing to improve their core competitiveness, access to extraordinary development, must pay attention to equity. .Fortune 500, without exception, the use of capital operation, only to be bigger, stronger, ceramic sanitary ware company's future development will follow this law. .</ P> <p> contrast, the domestic ceramic sanitary ware companies is still relatively new to the capital operation, therefore, for many ceramic enterprises, priority is to regulate the business, understanding market conditions and must have well prepared. .We also look forward to more of the ceramic sanitary ware companies to enter the capital market by market, plug in to take off, "Dapeng with the wind, moved thousands of miles," an early realization of their dreams on the world stage, .to create the miracle of the East. .</ P> <P> <P>.