Qumei shares began to purchase the issue price of 8.98 yuan

China Coatings network
: April 14, Shanghai and Shenzhen, a total of 15 new shares to open the requisition process, Qumei shares are also listed. The public offering of Qumei shares exceeded 60.52 million shares, with a requisition price of 8.98 yuan.
announcement showed that Qumei shares in this issue using a combination of off-screen and online issuance, the initial number of online issues of 24.12 million shares, accounting for 39.85 percent of the total amount of the issue. As for the issue price of 8.98 yuan per share, according to the latest month issued by China Securities Index Co., Ltd. furniture manufacturing industry average static price-earnings ratio of 45.97 times (April 9, 2015), the 2013 business close to the industry listed companies average static price-earnings ratio of 47.32 times, Qumei shares of this issue price-earnings ratio below the industry average static price-earnings ratio.
it is understood that Qumei shares are expected to raise a total of 54.34696 million yuan, after deducting the issuance costs, the net amount of funds raised is expected to be 507.7996 million yuan. After deducting the issuance expenses, the funds raised will be used to invest in the following purposes: East Production Base Project, Qumei Furniture Brand Promotion Project. The total fund-raising needs amounted to 507.7996 million yuan. If the actual amount of funds raised does not meet the capital needs of the above fund-raising investment projects, the insufficient portion will be supplemented by the company's own funds or bank loans.
Recently in Qumei Furniture Group Co. , Ltd. initial public offering of A-shares online investor exchange, Qumei shares chairman, general manager Zhao Ruihai said, Qumei shares from the 1990s launched a single feature of curved wood products, and later the development of diversified products, series of products, and now gradually upgrade to the overall home solution provider.