On November 18, 14 companies were approved to be listed by China Securities Regulatory Commission (CSRC), and A-Zenith is one of the seven to be listed on Shanghai Stock Exchange. A-Zenith plans to circulate 54.7495 million shares wtih net asset per share is 2.19 yuan before circulation. The shares to be circulated accounts for 25% of the total capital stock.

Raising 630 million yuan to add capability of 40 thousand pieces

As indicated in the newest prospectus of A-Zenith, its revenue from January to June of 2015 was 271 million Yuan, with the operating profit of 41.45 million Yuan, while its revenues in 2014 and 2013 were 563 million and 541 million Yuan respectively.

A-Zenith is going to raise 633 million Yuan to be spent mainly on the expansion of marketing network (416 million Yuan) and the sofa and furniture production(98.36 million Yuan), the technical modification of furniture production line (57.99 million Yuan), the informatization system construction and service cloud platform for furniture. Therein, once the sofa and furniture expansion projects achieve their designed capability, the company will add a new capability of more than 40,000 pieces per year.

A-Zenith Furniture's share trade to debut on Dec 15 in Shanghai.

(Source: JJGLE.com)