China's top soccer club seeks listing on start-up board
Updated: 2015-07-02 06:51
(Xinhua)
|
|||||||||||
Xu Jiayin, left, chairman of real estate developer Evergrande, which backed Guangzhou Evergrande Taobao Football Club together with Alibaba, watches the match between Evergrande and Beijing Guoan at the Tianhe Stadium in Guangzhou, June 25, 2015. [Photo/IC] |
BEIJING - A top soccer club in China is a spot on the country's start-up board amid current stock market frenzy, filings made public on Wednesday showed.
Guangzhou Evergrande Taobao Football Club, 2013 AFC Champions League winner and four-time Chinese Super League champion, will seek listing on the National Equities Exchange and Quotations (NEEQ), which was launched in late 2012 and known as the "new third board" .
Despite the club's stellar record, filings showed Guangzhou Evergrande Taobao has been losing money. It registered losses of 576 million yuan ($ 92 million) and 482 million yuan in 2013 and 2014.
NEEQ uses a trading mechanism comparable to the OTC Bulletin Board or pink sheets trading system in the US, an easier option for some companies which may instead spend more than a year to get the regulators' nod for listings on the main stock exchanges.
Guangzhou Evergrande Taobao is backed by Evergrande, a leading real estate developer and Alibaba, an e-commerce giant, which respectively own60 percent and 40 percent stakes in the club.
Related Stories
Brazilian forward Robinho linked to Evergrande move 2015-06-30 09:17
Evergrande clinch first-half champion after 0-0 draw with Guoan 2015-06-26 09:15
Scolari facing first test at Evergrande 2015-06-23 07:30
Evergrande optimistic about prospects under new manager 2015-06-15 04:49
Fans shocked as Evergrande fires Cannavaro 2015-06-06 08:08
Scolari named coach of Guangzhou Evergrande 2015-06-05 00:20
Today's Top News
Premier Li welcomes OECD's role in China's modernization
China is opposed to 'Grexit'
Port city seeks to increase its appeal
Aero-engine makers seek boost from major Airbus China deal
Russia halts gas delivery to Ukraine over pricing disputes
China, France pledge closer co-op in civil nuclear energy
China joins OECD Development Center
Cuba, US to reopen embassies beginning July 20
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Premier Li's visit to Belgium and France |
What do we know about AIIB |
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Festival Special: Apps that make holiday shopping easier |
Listed firms caught in anti-corruption net |