Shanghai was the first in Hong Kong's advanced semiconductor or cancel the listing

Recent mainland shares in Hongkong in hot pursuit, but recently there was a special case, Shanghai advanced semiconductor (3355.HK) by offering extraordinary "cold reception in Hongkong". Allegedly, Shanghai advanced semiconductor may cancel the listing plan. Shanghai advanced semiconductor from Monday to Thursday in Hongkong, a public offering, but offering a lukewarm response. According to market sources, the retail subscription of shares in some securities companies have zero subscription phenomenon. The company in the securities company retail subscription amount is zero, while the mainland shares of Chinese building materials and Hunan nonferrous retail subscription amount of about HK $1 billion. Hongkong Prudential Securities Co director Han Jing yesterday in an interview with the Shanghai securities news interview, said. According to him, the company in other parts of the Hongkong securities company retail subscription amount to HK $20 million for an average of about 10 million, but before a few mainland shares in these securities retail subscription amount is HK $5 billion.

Shanghai advanced semiconductor plans to sell 406 million 600 thousand shares, the share price between HK $1.36 to HK $1.85 per share, plans to be listed on the stock exchange next month, 7.

Analysts pointed out that the cyclical downturn in the industry as well as the company's performance is not ideal, is the main reason for the company into the prospectus dilemma.

Hongkong traffic Securities Research Director Luo Shangpei said yesterday, as the semiconductor industry had entered a downturn, several Hong Kong listed semiconductor company performance disappointed investors, to a negative impact on Shanghai has advanced semiconductor. China's largest chip maker SMIC in March 2004 on the HKEx listed yesterday closed at HK $1.2, compared with the bid price of HK $2.69 fell by 55%.

Even Jing Han said that the performance of Shanghai's advanced semiconductor to deter investors. The report shows that last year, Shanghai advanced semiconductor with a net loss of 75 million yuan. The company had previously said that half of the financing will be used to repay debt. It is understood that the company had planned to go to Hong Kong early last year, but due to poor market atmosphere and canceled the listing plan.

Market sources said, Shanghai advanced semiconductor will cancel the listing plan. Yesterday, the reporter called Shanghai advanced semiconductor, the company responsible for the media refused to answer any questions about the listing.