Interview Singyes, chairman Liu Hongwei

January 13, 2009, China Industrial Energy Technology Holdings Limited (hereinafter referred to as the Industrial solar) landed in Hong Kong Stock Exchange (hereinafter referred to HKEx) Main Board, Industrial Solar highest intraday price of HK $ 1.43, than the listing price of HK $ 1.05 higher 36 percent. The trading volume of 101 million shares a day, full-day turnover reached 168.33%. "I did not expect the size of the companies listed, was sought after by the Hong Kong market investor, is nearly 70 times subscribed in Hong Kong." Company chairman Liu Hongwei conceal his joy.

Disclosed, according to the Hong Kong Stock Exchange, the Industrial solar total offering of 60 million shares, per share offer price of HK $ 1.05, after the listing of the total share capital of Societe solar regulator increase to 428 million shares. According to the subscription results, Societe solar part of the International Placing have been moderately over-subscribed, the part about 69 times oversubscribed in the Hong Kong Public Offering.

The Hong Kong Public Offer responses Singyes even start to share clawback system, will be allocated to the Hong Kong Public Offer Shares from the original 10% to 40% in Hong Kong public offering of 24 million shares, the offer price the Hong Kong Public Offering shares to raise HK $ 28 million approximately.

Affected by the international financial crisis, a general slowdown of the global enterprise market process. Industrial solar IPO process nor smooth sailing, as early as September 2008, the company has been through the HKEx's hearing, the sudden collapse of Lehman Brothers, a series of events that the entire capital market has become increasingly downturn. "We do not need to wait any longer, we listed not as a circle more money, but in order to create a corporate brand, expand overseas markets." Liu Hongwei said. Strictly speaking, the Industrial solar panels cost is officially listed on December 31, 2008, January 13, 2009 for listing trading, Industrial solar should be classified as a listed company in 2008.

Why choose contrarian IPO? "IPO before we analyzed listed the pros and cons of the large state-owned enterprises in 2009 and the market prospects of large companies generally affected by the impact of the economic environment, but minimal impact Singyes face of domestic and foreign markets, and such as China Investment may, to a certain extent, a chance to increase railway construction, more respected overseas markets BIPV, rather than a competitive building traditional curtain wall, which is owned by Societe solar technology advantages. Liu Hongwei said.

"While in the process of contact with overseas markets, they also proposed Industrial solar is a listed company, credit and high strength, there will be a greater business cooperation in the future, it has also become Singyes whether most consider IPO market downturn one of the important factors. Singyes Select contrarian market, establish listing platform, not only to financing, more powerful brand support to expand the overseas market. "

Industrial china solar panel future main direction of development is the solar photovoltaic integration is its core technology, and competitive as the market increases year by year, to be always ahead, we must maintain a research and development leading to the previously non-listed Sino-foreign joint ventures, and now become a listed company can attract more foreign talent, will be developed to a higher level. "

"In 2007, Mainland China and Hong Kong, China's capital market is a prosperous, the Industrial Solar's solar energy business has been carried out, the market is also expected to unanimously optimistic, predict the Hong Kong stock up to 30,000 points. Prevailing market IPO, six months after the capital market on the way down, with predictable results. "changes in the capital markets so unpredictable Liu Hongwei has a lingering fear, followed by Industrial Solar's IPO scheduled hair at the beginning of this year or late last year, while in the current market environment, pricing is impossible to be too high, but also left investors make money is room, otherwise the price is too high, do the financing on the future development of the company is also a disadvantage.