Peske OTC was a small workshop 20 years ago when it went public

2014-01-27


Paisk Tool Manufacturing Co., Ltd. (hereinafter referred to as Paisk), an enterprise in Chongqing Economic and Technological Development Zone, was officially unveiled at the Chongqing Stock Transfer Center (Chongqing OTC). As of now, 55 enterprises have landed on Chongqing OTC. The reporter learned that by the end of this year, Chongqing OTC will strive to achieve 100 listed companies, and by the end of the 12th Five Year Plan, this number will strive to reach 300, with a total market value of 100 billion yuan.
The tools produced are exported to Europe and America:
At the Chongqing Stock Transfer Center, Paisk OTC was officially unveiled for listing.
20 years ago, Peske had only 2 devices and 8 people. From a small workshop to a listed company now, Peske has gone through many difficulties, "said Peske Chairman Cai Jin with emotion.
Paisk, once a "small workshop", has now become a major export enterprise in the Chinese tool industry. Its products are exported to Europe, America, Southeast Asia, and Australia, with sales revenue exceeding 30 million yuan in 2011. This OTC listing, Peske issued 6 million shares at 2.1 yuan per share.
From the beginning of planning to the final listing, Paisk only took 3 months. When discussing the reasons for the listing, Cai Jin said, "Going public not only standardizes enterprise management, but more importantly, it can provide financing platforms and financial assistance for enterprises, alleviate financial pressure, and enable them to have more strength for technological transformation and upgrading
Taking advantage of the launch opportunity, Parks will carry out a major machine project transformation to make its products more specialized and the market more international. Cai Jin told reporters that in the 3-5 years after its launch, Parks will strive to double its production scale.
The net profit of all landing companies increased by 21%.
Since the first batch of companies were listed in October 2010, the Chongqing OTC market has begun to take shape. "Zhang Xu, Vice President of Chongqing Stock Transfer Center, said in an interview with our reporter that there are currently 55 Chongqing OTC listed companies, with a total share capital of 2.422 billion shares and a total market value of 7.028 billion yuan. The company has achieved a total of 4.146 billion yuan in transactions, raised 4.604 billion yuan in financing, and had 49500 investors.
At present, out of the 55 enterprises listed, 30 belong to the industrial manufacturing industry, while the rest are scattered in 9 major fields such as construction, transportation, and culture. "Zhang Xu said that these enterprises are all small and medium-sized private enterprises, leading in the same industry and with good growth potential.
The market function of OTC is gradually becoming prominent. According to Zhang Xu, through restructuring and listing, the corporate governance structure of enterprises is improved, the level of standardized operation is improved, the financing ability is enhanced, the awareness of capital operation is enhanced, the bargaining power of introducing PE and VC is enhanced, the brand and market share of enterprises are increased, and the growth of enterprises is accelerated, According to the analysis of the 2011 annual report, the average net profit of listed companies increased by 21%, and the net assets increased by 46%. Among the listed companies, 16 met the listing conditions of the New Third Board, ChiNext Board, and Main Board
100 companies to be listed by the end of the year
For non listed companies in our city, Chongqing OTC has achieved comprehensive custody of non listed joint-stock companies throughout the city. According to Zhang Xu, there are currently 328 entrusted enterprises with 40.363 billion shares of entrusted capital, effectively protecting shareholder rights, solving historical equity issues, and preventing illegal securities issuance
Chongqing OTC has played an important role in playing the role of the regional over-the-counter market, serving the development of the real economy, and exploring paths for the construction of the national multi-level capital market. "Zhang Xu said that in the future, it will further improve the market function and service system, striving to list 100 enterprises by the end of this year, double the transaction amount and financing amount, and promote more small and medium-sized enterprises to enter the capital market.
The reporter learned from Chongqing OTC that by the end of the 12th Five Year Plan, Chongqing OTC will have 300 listed companies with a total market value of 100 billion yuan and 900 managed enterprises; The financing amount is 10 billion yuan, and the trading amount is 50 billion yuan. It is recommended to target 40-50 listed companies to be listed on the board and domestic and foreign exchanges.
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OTC is an over-the-counter trading market, also known as an over-the-counter trading market, established through telephone calls between buyers and sellers, rather than the auction style market seen on exchanges. Unlike the exchange market, OTC has no fixed venue, no prescribed membership, no strictly controllable rules and regulations, no prescribed trading products and restrictions, mainly one-on-one trading conducted by trading counterparties through private negotiations.

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