Largest IPO of this year arrived

May.04, 2012

China Securities Regulatory Commission(CSRC) annouced this night,four companies passed IPO application:China Postal Express&Logistics Co.,Ltd.(EMS),Jinzhou New China Dragon Molybdenum Co.,ltd,Meisheng Cultural&Creative Corp.,Ltd,Chengdu Hongqi Chain Co.,Ltd.

China Postal Express&Logistics Co.,Ltd.(well known as EMS),a unit of the State-owned China Post Group,plans to raise 9.97 billion yuan,it’s the largest IPO this year.The company will issue no more than 4 billion Shanghai A share.The raised money will be used to buy vehicles,airplanes and equipment.

The company recruits nearly 100,000 employees, and operates 45,000 business outlets. Its network covers all the cities, counties and towns in 31 provinces and reaches over 200 countries and regions.

At the end of last year,the total assets of EMS was 22.37 billion yuan,shareholder’s equity was 12.67 billion yuan,EPS 0.11 yuan,NAVPS 1.58 yuan.Prime Operating Revenue was 25.89 billion yuan,and Net profit 902 million yuan.

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