China Merchants Securities was filed "Aftershock" spread, and 26 sponsored projects were temporarily "stranded"
2022-08-24
The "Aftershock" that China Merchants Securities was put on file for investigation is still affecting more projects. On the evening of August 22, the review status of five companies planning to IPO on the science and technology innovation board, including ruichengxin micro, AIRO energy, eco optoelectronics, Boya technology and Dameng data, was changed to "suspended". On the same day, qiule seed industry, CommScope chemical and Jimei new materials, which wanted to impact the Beijing stock exchange, also pressed the "pause" button on their capital journey. Earlier, there were 15 "candidates" on the growth enterprise market who were sponsored by China Merchants Securities, and they announced that they would temporarily suspend their "entry". The "fire burning company" is all due to the same intermediary. Eight years ago, China Merchants Securities "failed to be diligent and dutiful" in the restructuring case of China Security Science and Technology Co., Ltd., which caused the CSRC to issue a notice of filing the case in August this year. According to incomplete statistics, if the refinancing projects involved are included, at least 26 projects of China Merchants Securities have been suspended so far, and more than 40 companies may be "implicated". The relevant securities service institutions engaged by the intermediary "accident" project "stumble" were put on file for investigation by the CSRC. According to item (2) of paragraph 1, Article 64 of the rules for the examination of the issuance and listing of stocks on the science and Innovation Board of Shanghai Stock Exchange, the exchange suspended the examination procedures for their issuance and listing. " The five "candidates" of the science and Innovation Board who have just been suspended from the review process gave the same reasons. On the evening of August 19, the company planning to IPO on the growth enterprise market that was temporarily "suspended" also said that due to the fact that China Merchants Securities, the sponsor, was placed on file for investigation by the China Securities Regulatory Commission, the review of its issuance and listing was suspended according to the relevant provisions of the Shenzhen Stock Exchange. According to incomplete statistics of the reporter, up to now, the number of IPO projects that are being reported and underwritten by China Merchants Securities is 32, and there are 8 refinancing businesses involving enterprises all over the main board of Shanghai and Shenzhen, the science and innovation board, the growth enterprise board and the Beijing stock exchange. The capital process of more than 40 companies may be affected. The "capital rhythm" of enterprises is affected by the involvement of intermediaries, and similar events are common in the A-share market in recent years. Since the beginning of this year, many intermediary institutions such as Zhongshui Zhiyuan Asset Appraisal Co., Ltd., Beijing Zhongyin law firm, Beijing Jindu law firm, ShineWing certified public accountants, Jianghai securities, Zhongde securities, Ping An Securities and China Merchants Securities have been filed for investigation, and more than 100 involved projects have been affected. More "unlucky people" repeatedly stepped on the thunder, resulting in frequent suspension of their IPO or refinancing actions. For example, AIRO energy, which submitted its IPO application for the science and technology innovation board on June 30 this year, has not yet entered the inquiry stage, and its listing process was forced to be suspended due to the fact that the evaluation institution Zhongshui Zhiyuan was filed for investigation by the CSRC. On August 6, AIRO energy eliminated the above suspension of audit. On August 22, however, the company once again fell into the review stagnation because the recommendation agency was filed. In addition, in the "suspension" triggered by China Merchants Securities, many companies such as eco optoelectronics, Yilian technology and century Hengtong also had similar experiences. What is the impact of an intermediary's "accident" on an enterprise? A senior sponsor representative of a securities firm in Shanghai told the reporter: "this will definitely delay the listing or refinancing of the enterprise to a certain extent, but it will basically not have a substantial impact on the project. After the subsequent intermediary agencies issue a review report recognized by the supervision, the project process can be re promoted." Go up
Edit:Wei Li Bin Responsible editor:Yin Bing
Source:Shanghai Securities News
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