Supply-side reform to promote industry restructuring Titanium dioxide enterprises to speed up the pace of listing

Recently, the CSRC approved the initial public offering (IPO) application of 13 enterprises, with Shandong Daon Polymer Materials Co., Ltd. (hereinafter referred to as Dorn Gorko) among them.
and Dorn Titanium as brothers, affiliated with the Daun Group. As soon as the news of the listing of Dorn Gyorko came out, industry people speculated whether Dougan Titanium would follow?
2016 is a good harvest year for titanium dioxide, titanium dioxide enterprises after a year of long red rising trend, has already earned a pot full. Cuan Siwei, in the face of titanium dioxide market trends, some enterprises have been secretly ready to go public.
understood that the current domestic titanium dioxide enterprises, at least five have the intention of listing. In 2016, after more than a dozen rounds of price increases, why should titanium dioxide companies rush to the market?
Supply-side reform to promote industry restructuring
In fact, following the listing of titanium dioxide companies such as Yulilian (002601), Anada (002136) and Jinpu Titanium (000545), the news that companies in the titanium dioxide industry are ready to go public has never stopped in recent years. Such as titanium dioxide industry once the leader of Sichuan Longyu, Shandong Dongjia have two times the impact of IPO failure experience. Sichuan Longyu was eventually acquired by Yulilian, the industry called the titanium dioxide industry's "snake swallowing elephant."
merger and reorganization of titanium dioxide industry, resource integration is in line with the strategic thinking of supply-side reform.
recent meeting of the Central Leading Group on Finance and Economics, General Secretary Xi Jinping once again stressed that "supply-side" reform should moderately expand total demand while reducing production capacity, destocking and reducing ineffective supply. Premier Li Keqiang has held successive meetings of the State Council to discuss specific matters related to production capacity. As the key area of supply-side reform, the chemical industry, such as titanium dioxide, will usher in a period of opportunity to increase quality and efficiency.
, according to the titanium dioxide pollution prevention and control advice, will further accelerate the integration of production capacity. Domestic titanium dioxide annual production capacity of more than 100,000 tons of enterprises only about 10, and less than 50,000 tons of enterprises, the total production capacity of nearly 500,000 tons, if this part of the production capacity is eliminated, will reduce the industry's total production capacity of about 20%. This means that the future of the titanium dioxide industry, who is stronger who has more voice, who is more able to dominate the market.
The acquisition of Longyu titanium industry is not the end of the merger and reorganization of the titanium dioxide industry, but only the beginning, in the future stock market, domestic titanium dioxide enterprises will also carry out large-scale mergers and reorganization, and eventually form an industry oligarchy pattern.
Titanium dioxide companies to accelerate the pace of listing
in the past two years, the international titanium dioxide giant capital operation is more frequent, DuPont spin-off titanium dioxide listing, Hensmey acquisition of Rockwood's Sahariben and plans to promote the titanium dioxide business IPO.
For some titanium dioxide enterprises with potential for development, after listing can bring a large number of capital chains through financing, improve the net assets of enterprises, expand production capacity in a good market situation, reduce debt ratio, improve capital structure, enhance the ability to resist risks, and thus create greater wealth. After the listing of enterprises, enhance the confidence of financial institutions in the enterprise, loans and other financial costs will be lower.
a high social reputation and a huge boost to the local economy, it is easy to obtain subsidies and support from local governments. Such as: the reason why the success of the acquisition of Dragon, is the power of capital operation. On the eve of the merger, the company issued more than 1.3 billion shares at a price of 7.62 yuan per share, raising about 10 billion yuan and successfully acquiring a 100% stake in Longyu Titanium.
can not only raise a considerable amount of capital, but also refinance funds to use the company's stock for mergers, acquisitions and so on. Listing is the most attractive form of long-term financing, which can fundamentally solve the demand for capital, and then improve and consolidate the position of the industry. For example: Shandong Dongjia that year in the titanium dioxide industry plays an important role, and today's domestic titanium dioxide industry Yulilian has a voice. Sichuan Longyu was also what the scenery, but today it is to rely on the power of The Union, which is the charm of listed enterprises. Successful capital operation will make listed enterprises become the biggest winners, and thus promote the pace of China's titanium dioxide enterprises listed.
is more beneficial than harmful to titanium dioxide companies, but titanium dioxide companies go public and talk about how easy it is. Such as Sichuan Longyu, Shandong Dongjia two shock IPO failure, in May 2016, said to start the IPO work, so far there is no Jinzhou titanium industry below.
addition, Guangdong Huiyun Titanium Co., Ltd. as early as 2013 or so, began to prepare for the listing, but still has not been successful. Titanium dioxide enterprises have always been considered to be a double-high industry - high pollution, high energy consumption, environmental protection is the biggest obstacle to listing.
So, in order to have a higher and broader space for development, in addition to management, product quality self-discipline, but also need to attach great importance to environmental protection issues, only to put an end to low-level repeated construction, waste of resources, pollution of the environment and other dysentery phenomenon, in order to open the road to A-share market financing kangzhuang.
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