Baosheng XTEP Road Performance 6 Billion

According to the Hongkong economic daily, more than 6 new shares are coming out. In the next two weeks, there will be a total of new shares.

Among them, Baosheng international sporting goods (new listing number: 03813) and XTEP China (new listing number: 01368), both will start the roadshow today, with a total fund-raising of up to 6 billion yuan.

Baosheng 2.93 to 3.75 Yuan stock exchange news pointed out that Baosheng, a mainland sporting goods retailer who was split by Yuyuan group (market, information, commentary) (00551), will offer 2.93 to 3.75 yuan, that is, the expected price earnings ratio (PE) of 17.5 to 22.5 times in 2008, raising funds from 300 million to 400 million dollars (about 2 billion 340 million to 3 billion 120 million Hong Kong dollars).

Since Baosheng needs to hold a special shareholders' meeting on May 22nd (next Thursday), it will only be open for sale in May 26th and will be listed on the 6 day of next month.

As for XTEP, which owns its own brand 'Xtep', it said it will issue 550 million new shares, raising 290 million to 390 million dollars (about 2 billion 260 million to HK $3 billion 40 million).

XTEP will take the lead in Baosheng stock exchange 5 days ago, that is, the 21 day (next Wednesday) of this month's offering, and will be listed on the 3 th of next month.

According to XTEP's initial prospectus, private equity Carlyle invested in XTEP in June 2007, convertible into the form of convertible loan agreement. The shareholding is equivalent to 9.8% of the enlarged share capital, and Carlyle's market price is only HK $1.55, far below the price of the offer.

In addition, the sponsor of the Henan real estate company in the mainland reported that the CapitaLand, the highest market capitalization in Southeast Asia (19 billion Singapore dollars), had invested about 600 million yuan in 2006, and invested 29.75% in Henan Jianye (only 5% of them were old stocks).

Garde added 518 million yuan to 6.39% to 36.14% in August last year.

In addition to the above 3 new shares, small fat sheep, Chongqing electrical and mechanical (new listing number: 02722) and Chenming paper will also be offering stocks at different periods from the end of May to the beginning of June.

Although there are many new shares for investors to choose from now, fund managers seem to have a general interest in new shares.

The listing of new shares has no "improvement". Today, the listing price of the company is up to 1 cents or 0.45% higher than the bid price, and the final price is 2.22 yuan. The price of the new stock is 00789 yuan.