28 Companies Raised Over The Situation And Follow-up Investment Of Chinese GEM Of The First

Companies want to listed on GEM, when initial public offering, it is likely that the listing Corporation through the issuance of shares, raising more than expected investment plan the necessary funds, this situation is ultra phenomenon. At present, China’s listing Corporation in the IPO, ultra popular phenomenon. Emergence of ultra phenomenon is not accidental, this shows that in the listing Corporation to raise funds in the capital market, investors in the stock market judgment for the value of the company has error. This paper mainly from the three aspects of the gem super raised funds use and impact phenomena and ultra raised funds of enterprises further, first on the first listed28companies listed on the gem super raised the overall situation, including ultra industry, ultra, ultra volume rate, ultra reason; the second aspect is included the use of these28companies, super raised funds:the main investment direction, are in accordance with the provisions; third aspects of gem super raised funds for the28companies after the follow-up management.In order to solve the China now many small and medium-sized enterprise financing difficult problem, open up new channels of financing for small and medium-sized enterprises of our country in2009, Shenzhen gem. The average over raising rate of113.43%. Ultra huge amount, so it is difficult for SMEs to develop in line with the business management and development direction of the ultra raised funds investment plan in a short time. This not only causes a waste of resources, but also may contribute to the listing Corporation use the funds raised blind investment, or simply not to invest. This is not conducive to China’s capital market development, and economic, so, how to avoid excessive ultra, how to guide enterprises to reasonable use of the funds raised, is of great theoretical and practical significance.In order to avoid these problems, twenty-eight companies this paper will do poineering work board before the end of200912listed as a case, analysis from the industry, ultra rate as well as the influence of ultra raised funds investment direction and ultra raised funds of enterprises following several aspects, and that excessive ultra has no direct impact on the profitability and solvency such a large, stable development of ultra raised funds is not only a waste of social resources, is not conducive to the stock market, and encourage listing Corporation to blind investment, increased business risk, but also damages the interests of investors; finally, draw the conclusion and put forward to avoid excessive offering suggestions and countermeasures. This paper holds that to avoid excessive ultra ultra must start from the system, so that small and medium-sized investors are also involved in the process of inquiry, and to strengthen the relevant institutions, as well as to enhance investor education.