AOKANG Shoe Industry Will Be On The Threshold Of A Shares And Will Become The First Wenzhou Shoe Company To List.

According to the latest announcement of the China Securities Regulatory Commission, Zhejiang

AOKANG shoe industry plans to issue 81 million shares on the Shanghai stock exchange, with a total share capital of 400 million 980 thousand shares.

According to the announcement of the 214th meeting of the Commission on 2011 issued by the SFC website, the application for AOKANG footwear was approved.

The industry expects that AOKANG shoe industry will be available in the next month or so.

According to the prospectus, AOKANG shoes industry was founded in November 12, 2001, with a registered capital of 70 million yuan, mainly engaged in R & D, production, distribution and retail of leather shoes and leather products, and involved in commercial real estate, biological products and other fields.

The company takes a vertically integrated mode of operation, takes the operation of its own brand as the core, and develops R & D and channel operation as two wings, providing leather shoes and leather products. At the same time, it adopts the OEM/ODM mode to produce leather shoes for international leather shoes brand, which is currently one of the main production bases of Italy GEOX company in Asia.

From the AOKANG shoe prospectus, the AOKANG shoe industry's fund-raising amount will be invested in three projects, namely, the marketing network construction project, the information system construction project, and the R & D center technical pformation project. The investment amount is 876 million 250 thousand yuan, 96 million 100 thousand yuan, and 50 million 10 thousand yuan respectively, with a total investment of 1 billion 22 million yuan.

Among them, the AOKANG shoe marketing network construction project, which will invest 85% of the fund-raising, will be completed in two years.

As of June 30, 2011, there were 4075 sales outlets of AOKANG shoes in various parts of the country, including 3650 outlets and 425 direct outlets.

In the first year of the project, 139 shops will be opened, accounting for 40% of the expected total, and the remaining 209 will be opened in second years, with a total investment return of 20.53%.

According to the prospectus, the initial stage of the AOKANG footwear industry was established in 2001, with a total capital stock of 70 million shares, and AOKANG group shareholding ratio of 50%. AOKANG Group Chairman, AOKANG footwear chairman Wang Zhentao held 30%, Wang Jinquan held 10%, Miu Yanshu held 5%, Pan Changzhong held 5%.

In the following 10 years, AOKANG shoes industry made 3 capital increase and 1 equity pfer.

After many changes in registered capital, AOKANG's shareholding ratio is 63.83% at present. As the second largest shareholder of AOKANG shoe industry, Wang Zhentao holds 90% of AOKANG's investment, and Wang Zhentao directly owns 18.70% of the AOKANG footwear industry, which directly and indirectly owns 76.15% of the AOKANG footwear industry, and Wang Zhentao is the actual controller of the AOKANG footwear industry.

In addition to AOKANG investment and Wang Zhentao's two shareholders, the shareholders of AOKANG footwear industry also include 3 natural persons and Hongling venture capital (shareholding 3.33%), long Ting venture capital (1.67% stake) two institutional investors.

It is noteworthy that 3 natural persons Wang Jinquan (shareholding 6.23%), Miu Yanshu (shareholding 3.12%) and pan Chang Zhong (holding 3.12%) are Wang Zhentao's brother, Wang Zhentao's uncle and Wang Zhentao brother-in-law respectively, with a total shareholding ratio of 12.47%.

That is to say, the Wang Zhentao family altogether holds 88.62% of AOKANG shoe industry, and the number of shares is 283 million 564 thousand and 770 shares.