Red Star Mei Kailong Hong Kong listed home market integration speed up

China Coatings Network
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wait for the IPO for eight years without success of the red star Mei Kailong finally listed. Home building materials chain Red Star Mei Kailong was listed on the Hong Kong Stock Exchange on June 26, becoming the first domestic furniture and building materials circulation industry listed on the Hong Kong Stock Exchange. In the eyes of industry analysts, the domestic home building materials industry integration process will accelerate. With China's new shares lining up for listing, a number of mainland companies are turning to the Hong Kong Stock Exchange, and Red Star Mei Kailong is no exception. Hong Kong's listing process is simpler, shorter and less expensive than the years-long queue for listing on the mainland, making it a "red man" in the eyes of many companies seeking to list. "Red Star Mei Kailong's listing in Hong Kong will inject strong capital strength into the company's future development and open up a broader space for development." The company will take this as an opportunity to develop a second brand in a large city, develop Internet finance in the home-clothing industry, fully promote the O2O platform, continue to lead the development of the industry. "Red Star Mei Kailong Chairman Car Jianxin has high hopes for Red Star Mei Kailong listing. Some industry analysts said that Red Star Mei Kailong is also involved in the development of commercial real estate, which makes the assets precipitated more, but also relatively heavy, this listing is conducive to reducing the company's asset-liability ratio. Red Star Mei Kailong's 2013 operating income was 6.65 billion yuan, an increase of 19.8%, with an asset-liability ratio of 66.96 percent. Red Star Mei Kailong in the previous A-share prospecto also said that a portion of the funds will be allocated to repay the loan. In fact, the home company that is in love with the listing is not the Red Star Mei Kailong family. It is understood that actually home, star moon furniture and other enterprises have said that there are plans to go public.