Speed of the new third board: 47 enterprises in the selection layer of over one million investors have been accepted

category:Finance
 Speed of the new third board: 47 enterprises in the selection layer of over one million investors have been accepted


The proportion of investors with more than one million accounts that meet the access conditions of the selection layer is the highest

In the work of opening accounts for QFII, the sponsoring securities companies play a major role. As of the end of March, all securities companies have realized the trading authority of online investors, and supported the effective date of opening. The sponsoring securities companies also increased investor education and services, and carried out publicity and training through online and offline linkage. Online, through the official website, official APP, official account number, and other forms, we will produce and release promotional materials, conduct online answering activities, conduct online investor training courses, and distribute brochures and broadcast videos on the offline basis. In addition, various securities companies also carry out employee training in various forms, such as online training jointly held with national stock transfer companies, internal employee learning, etc., to improve employee business level.

National stock to company said that adequate investor preparation is an important guarantee for the successful implementation of the new third board public offering reform. Next, the national stock transfer company will continue to provide support and guarantee for securities companies to carry out investor expansion, guide qualified investors to participate in the new three board public offering and market transactions rationally and actively, and share the reform dividend.

47 enterprises declared by the selection level have been accepted and the existing enterprises have entered the second round of inquiry

The company is mainly engaged in the research, development, production and sales of wires and cables. The sponsor is Zheshang securities, and it plans to raise 332 million yuan in this issue. Crown cable has tried to impact the IPO, but failed. In July 2017, Qiuguan cable announced that its application for IPO and listing has been accepted by CSRC. One year later, on August 30, 2018, the company announced that it planned to terminate the IPO and withdraw the application documents. In July 2019, the company announced the restart of IPO, and has entered the guidance stage of IPO and listing. After the deepening reform of the new third board was launched, in March this year, Qiuguan cable decided to change the guidance record of IPO and listing to the public offering of shares to non-specific qualified investors and listing at the selected level.

From the content of the two rounds of inquiry letter of the ball crown cable, the first round of inquiry, industrial policy, dealers, product quality, customer concentration and other issues were asked in the second round of inquiry. Baoguan cable is the main customer of the spherical crown cable. In the first round of inquiry letter, the issuer is required to disclose the establishment time of Baoguan cable and other relevant information, as well as the time when the two parties start cooperation. After the reply of the spherical crown cable, the two rounds of inquiry letter further inquired that Baoguan cable was established in January 2017, and became the distributor of the spherical crown cable in February, asking the issuer to explain the rationality, internal decision-making procedures to be performed, and whether Baoguan cable has any relationship with other distributors of the issuer.

Yingtai biology is mainly engaged in the R & D, production and sales of pesticide raw materials, intermediates and preparation products, as well as GLP technical services. The sponsor is Southwest Securities, and it plans to raise 550 million yuan. In terms of standardization, the questions raised in the inquiry letter are mainly related to the controlling shareholder Huabang health. Huabang health (002004), the controlling shareholder of Yingtai bio, is a listed company on the small and medium-sized board. Yingtai bio was asked to explain its separation from Huabang health in terms of business, assets, personnel, finance, institutions, etc., as well as the reasons for the equity pledge financing of the controlling shareholder. The inquiry also focused on Yingtai bios export revenue, including the impact of tariff, exchange rate and other related factors.

From the perspective of the process of examination and inquiry, within 20 trading days from the date of acceptance, the national stock transfer company sends out the first round of inquiry through the system, and the sponsor submits the response documents within 20 trading days from the date of receiving the inquiry; after the first round of inquiry response, the national stock transfer company can continue to put forward the inquiry within 10 trading days. Judging from the speed of the ball crown cable and Yingtai biology, the inquiry will be concluded as soon as early this month, and then it will enter the stage of review by the listing committee and approval by the CSRC. In terms of the overall time limit, the national stock transfer company shall make a final decision within 2 months from the date of accepting the application documents, excluding the time for the enterprise to reply to the inquiry. The acceptance date of the first batch of acceptance enterprises is April 28. Previously, some market participants had predicted that the total time for the national stock to company review plus the approval of the CSRC might be about three months. Therefore, it is expected that the selection layer will be launched as soon as possible at the end of July or the beginning of August. Beijing News reporter Gu Zhijuan editor Zhao Ze proofread Chen Diyan source: Beijing News Editor in charge: Wang Xiaowu_ NF

From the perspective of the process of examination and inquiry, within 20 trading days from the date of acceptance, the national stock transfer company sends out the first round of inquiry through the system, and the sponsor submits the response documents within 20 trading days from the date of receiving the inquiry; after the first round of inquiry response, the national stock transfer company can continue to put forward the inquiry within 10 trading days. Judging from the speed of the ball crown cable and Yingtai biology, the inquiry will be concluded as soon as early this month, and then it will enter the stage of review by the listing committee and approval by the CSRC.