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.
- Brazilian forward Robinho linked to Evergrande move
- Evergrande clinch first-half champion after 0-0 draw with Guoan
- Scolari facing first test at Evergrande
- Evergrande optimistic about prospects under new manager
- Fans shocked as Evergrande fires Cannavaro
- Scolari named coach of Guangzhou Evergrande
- Evergrande primed for intriguing clash
- Mass casualties in Indonesian military plane crash
- Japan's LDP lawmaker denounces Abe's security policies
- More than 100 feared dead in Indonesian military plane crash
- More than 50 may die in Indonesian plane crash
- Japan's Diet gets 1.65m signatures against security bills
- Thailand's first MERS case declared free of deadly virus
- Western Europe swelters in long-lasting heat wave
- Top 10 shareholders of AIIB
- Massive Hello Kitty theme park opens to visitors
- New terminal of Pyongyang Intl Airport put into use
- Ten paintings to remember Xu Beihong
- Obama hails new chapter in US-Brazil relations
- Boxers top Forbes highest paid celebrities list
- Not so glamorous: Glastonbury ends with sea of rubbish
Most Viewed
Editor's Picks
Seventh China-US strategic dialogue |
Premier Li embarks on Latin America visit |
What do we know about AIIB |
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Spring Festival trends reflect a changing China |
Today's Top News
Economic growth driving force for China's future mobility: Think tank
'Operation duck' and the student savior from internment camp
White House lifts ban on cameras during public tours
China, Canada seek to increase agricultural trade
A Canadian comes to Xi'an, finds personal, business success
Fewer Chinese seek US grad schools
US, Cuba to announce reopening of embassies on Wednesday
China bests MDGS for improved drinking water, sanitation
US Weekly
Geared to go |
The place to be |