News on April 25, the absolute being state rents a car to urgently decide to stop IPO today.Before now, the company anticipated will today time in Peking the evening register American Na Si to reach a gram.Know what happened personage reveals to the Teng Xun, the company acquires of recognize to buy don't and plan IPO publish the half of quantity, forcing it has to stop halfway IPO.But the absolute being boat rent the official explanation of the car to stop IPO to and then once was worth for estimating of for American investor low, company for avoid"bleed"ing to become available in the market but choose to stop.The company's public relations section is replying the mail of Teng Xun, will estimate to once be worth low Be"lay the blame on" to medium all the total environment for facing."Currently win all is repeatedly negative, continuously back the circumstance of city under, it is very difficult for American investor to grant for a Mr. to the business enterprise that China seeks to become available in the market, reasonable of price, for avoiding appearing only an article will'bleed'become available in the market, head the circumstance that the day breaks hair, the absolute being state rents a car to decide to stop IPO issue while promising the premise of oneself safety."However, report according to April of Peng Bo 24, up to the morning of April 23, the absolute being state rented IPO within car plan to publish quantity to acquire about half of recognize to buy.Today, more have already known what happenedwomens sunglasses personage said to the Teng Xun, reality's recognizing to buy could not measure the half in the plan.The Teng Xun now rents a car to beg a certificate to the absolute being state, but the company got around a concrete number problem in the mail and only called to acquire to"a great deal of" recognize to buy order.Rent a car with absolute being state to lay the blame on "foreign invasion" dissimilarity, East Asia invests(fund) China partner gold cloud to then think more important"inside sorrow".He said to the wealth new net analysis, stopped main reason to lie in the earnings mode that the absolute being state rents a car prospect not optimistic, the market increases a potential not big, rent a garage industry be not been optimistic about.In addition, preceding context says to know what happened a personage to also mean to the Teng Xun, because the absolute being state rents one of the funds uses of car IPO in order to compensate obligation, stopping of IPO, may influence the repaying debt of company's ability very much.The absolute being state rented a car to hand in recruiting of SEC(American stock certificate traded committee) before now a book in, definitely meant that the companies would be with the IPO margin carry on procuring or lately set up more points that rent a car net to continue to extend;The loan also wanted to compensate the part expire at the same time.Recruit a book to disclose, the company expires in a year of short date and over a long period of time borrow funds are respectively 217,000,000 dollars and 825,000,000 dollars, add up more than 1,000,000,000 dollars.According to the original arrangement, the absolute being state rents a car IPO margin sum about USD 90,000,000 funds is used for purchase car with expand company of leasing scale, the surplus funds will be used for substantial companies to flow funds and other the use generally carrying a camp include to compensate obligation.At present, the IPO stagnation temporarily stopped up completely to pass to become available in the market a margin to alleviate the road of obligation pressure, this makes repaying debt of company ability be subjected to query.The company is about 600,000,000 dollars on cash of debt currently, if takes no account of monthly cash to flow for positive or is negative problem, this number is lower than to expire obligation in more than 1,000,000,000 dollars years.But absolute being state rents a car to mean, currently company the luck camp cash monthly flow for positive, 2012 the first quarter, also show to carry out earnings on the degree finance report, "have no IPO margin, the company can also keep a normal development."However, incheap sun glasses addition to compensating obligation, the absolute being boat rents a car to still have to heavily pay interest pressure.Because company of continuous loss in business and the stateowned monopoly of Chinese financial industry, the absolute being state rents a car very difficult acquire a loan from the bank, ownership of a share margin and shareholder that can pass a high debt of cost to turn a type guarantee a loan to acquire a margin.Recruit a book to suggest, the absolute being state rents a car for 2009, 2011, 2011 years of interest expenditure, attain 14%, 14% and 18% of the gross earnings in those early years respectively.Up to September 30, 2011, the absolute being state rents car total amount to borrow CNY 1,735,500,000, equals USD 275,420,000 from the financing institution.These obligation the big part have something to do with company shareholder association of thought's controling, one part in order to associate to control a guarantee loan, one part for associate to fasten to control three financial companies to cooperate guarantee to lend money. the absolute being boat rent a car first on January 19 this year</st 1:chsdate>deliver to become available in the market to apply for to SEC, the plan hands over in the Niu become available in the market, the tallest margin is USD 300,000,000.Then change to reach a gram to become available in the market for Na Si later on, the tallest margin sum "cut in half" to USD 158,000,000.However, become available in the market in the plan horary that morning, IPO finally stops.
 see more:Tobacco tycoon Ao Chi the second quarter report profits USD 973,000,000
100 matter Q1s carry out profits USD 1,130,000,000 to surpass an expectation