February 23, Beijing News reporter saw in the SFC official website, Foxconn prospectus in February 22 has entered the 'pre-disclosure update' state, which is far from its pre- Disclosure for only two weeks.
On February 9, the Securities and Futures Commission disclosed a prospectus of the initial public offering of Foxconn Industrial Internet Corporation ("Foxconn"), the world's largest foundry company, to impact on A shares.
On February 23, an investor told the Beijing News reporter that the initial public offering of an IPO is a pre-disclosure of the prospectus, which marks the official start of the line-up of the company. It is this process that one or two years of queuing are said to take place. Before going to the meeting, the enterprise will make a round of pre-disclosure updates on the prospectus, and a month later it often convenes an audit committee, that is, entering the upper session.
'Foxconn pre-disclosure so short, so skip the queuing process, so in the end right to be open to question, the general business pre-disclosure for a long time is to allow the outside world to supervise; if time is so short, then the pre-disclosure where is the significance? 'He said.
February 23, Beijing News reporter Foxconn contact information disclosure person in charge after the show no one answered.
Prospectus shows that Foxconn's largest shareholder as the backbone of the company, while the backbone of the company is Hon Hai Holdings 100% owned subsidiary of Hon Hai Precision Electronics is the world's 'foundry giants', the founder is Gou.
In 2015-2017, Foxconn achieved revenue of Rmb272.8bn, Rmb272.7bn and Rmb354.5bn, respectively. Of which revenue in 2016 decreased slightly by 0.03% from 2015 and revenue in 2017 increased by 30.01% as compared to 2016.
In terms of net profit, Foxconn posted a record high of 14.35 billion yuan, 14.37 billion yuan and 15.87 billion yuan respectively from 2015 to 2017, of which net profit in 2016 increased 0.11% from 2015 and net profit in 2017 increased 10.45% over 2016.
In terms of assets and liabilities, Foxconn's total assets were 148.6 billion yuan, total liabilities of 120.4 billion yuan and debt ratio of about 81% as of the end of 2017, nearly doubling the 43% as of the end of 2016.
Beijing News reporter noted that this time Foxconn hired listed intermediary team called luxury: sponsor institutions for the gold company, the law firm of Beijing King & Wood law firms, accounting firm PricewaterhouseCoopers Zhongtian CPA firm (special General Partner).
Under the super-huge giant and luxury team blessing, Foxconn this IPO process extremely fast.
Beijing News reporter noted that Hon Hai Precision set up for many years, the platform is intended to land A shares of Foxconn Industrial Internet Corporation, the latter set up a short time.
According to the disclosure of the prospectus, on February 9, 2015, Shenzhen Economic, Trade and Information Commission issued the Circular on the Establishment of Foreign-funded Carpenter Technology (Shenzhen) Co., Ltd. and approved the establishment of Carpenter Technology with a total investment of 45 million US dollar, just now three years from now.
On July 10, 2017, all shareholders of Carpenter Technology held its inaugural meeting to make relevant resolutions on the establishment of Foxconn Industrial Internet Co., Ltd. They agreed to jointly set up Foxconn shares by way of a change as a whole. After the stock company inherited, less than a year now.
Many media pointed out that the establishment of Foxconn is too short, so far less than three years, and the relevant documents do not match, it may become the biggest flaw in its landing A shares, but the proposed listing of some companies do not meet the listing requirements of the matter is not First appeared, there are many precedents before the special approval.
According to Article 9 of the Measures for the Administration of Initial Public Offering and Listing in the People's Republic of China, after the establishment of a joint stock limited company, the duration of the continuous operation of an issuer shall be more than 3 years, unless approved by the State Council. When the total asset value of the convertible bonds is changed to a joint stock limited company, the continuous operation time can be calculated from the date of establishment of the limited liability company.
In this regard, Foxconn also mentioned in the prospectus, the company continued operating less than three years, the company has been the case for the right to apply for exemption.