On June 2nd, three other companies on the Science and Technology Board successfully passed the review of the Listing Committee.
The review of the Science and Technology Board Listing Committee has recently quietly accelerated. The previous day, on June 1, there were also three companies meeting together.
The surging news reporter found that as of June 2nd, the Shanghai Stock Exchange Science and Technology Board Listing Committee had organized 34 review meetings in 2020, with a total of review sections There were 49 companies declared on the GEM, of which 48 met once, and another 1 was suspended for the first time, and was approved after the second meeting.
Since May alone, there have been 20 science and technology board declaration companies that will be reviewed and received all the “admission tickets” for the next registration process.
According to the official website of the Shanghai Stock Exchange, the total number of companies on the SSE that have been accepted by the Shanghai Stock Exchange has reached 323, of which 85 are undergoing audit inquiries, 8 have passed the audit, 26 The companies that have passed the registration process are in the process of registration at the level of the China Securities Regulatory Commission. The registration results of 123 companies have been released, one has suspended the audit and 30 have terminated the audit.
The Cambrian declares that it will break the record of science and technology in 68 days after passing the declaration
The three companies that passed the meeting on June 2 were Zhongke. The Cambrian Technology Co., Ltd., Luther Environmental Technology Co., Ltd., and Suzhou Minxin Microelectronics Technology Co., Ltd. have planned financing scales of 2.801 billion yuan, 350 million yuan, and 707 million yuan respectively, totaling 3.858 billion yuan.
It is worth mentioning that as a star enterprise in the domestic artificial intelligence industry, the Cambrian declaration of the listing of the science and technology board also caused widespread market attention. The company was accepted on March 26 and audited inquiries from April 10. After two rounds of inquiries, the meeting passed lightning. The entire process lasted only 68 days, refreshing the record of the shortest time for the science and technology board audit.
At the June 2 review meeting,The Science and Technology Board Listing Committee did not give an audit opinion on the Cambrian and Luther Environment, but put forward the following requirements on Minxin shares: In order to facilitate investors to read and judge, in the prospectus “Section 11 other important matters” Before the detailed disclosure of relevant disputes in the “Three, Litigation, Arbitration and Other Matters” section, please issuers first briefly disclose the relevant disputes or the relevant conditions of the patent reexamination procedures in the form of a table. The content of the form shall disclose the following information of outstanding disputes such as patent infringement disputes, patent ownership disputes, patent invalidation requests, malicious litigation and unfair competition: including but not limited to the number of cases, the number of patents involved, claims or nature, and financial Possible impacts of indicators, possible impacts on continued operations, progress and preliminary results (if any), investor interest protection measures (if any), intermediaries’ conclusions, etc.
Recently, the number of companies applying for science and technology board has gradually increased, and the review of the Shanghai Stock Exchange has entered the stage of 2.0 Pharmaceutical company Fudan Zhangjiang adopted the “cumulative bid inquiry” in the issue pricing process, becoming the first case of the science and technology board, and it was also the first time that a company adopted this inquiry method after seven years in the A-share market. As another example, SMIC, a chip star stock that has been listed on the Hong Kong stock market, received the Shanghai Stock Exchange’s acceptance of its science and technology board listing application on June 1.
There are more companies reporting, what changes will the review of the Shanghai Stock Exchange bring?
The Shanghai Stock Exchange said recently that the number of companies applying for the Science and Technology Board has gradually increased, and the review task has gradually increased. In line with the original intention of further strengthening the service of the real economy and the service of science and technology startups, the Shanghai Stock Exchange will continue to optimize audit services on the basis of good quality control, appropriately increase audit speed, improve the speed of audits, and improve Announce audit standards, reduce discretionary space, and actively support science and technology enterprises to use the capital market to thrive in accordance with laws and regulations.
Behind the improvement of the audit speed, the implementation of “Technology Board Issue and Listing Audit 2.0” is an important starting point. According to reports, the Shanghai Stock Exchange adheres to the principles of “highlighting market orientation, improving service capabilities, optimizing audit methods, improving trust quality, stabilizing market expectations, and ensuring normal supply”. It has entered the stage of “Technology Board Audit 2.0” and reformed the registration system. Keep pushing deeper. The core of “Technology Board Audit 2.0” is “one unchanged” and “four changes”, that is, insisting on information disclosure as the core unchanged, so that the audit inquiry is “more accurate, more efficient, more pragmatic and more collaborative.”
More importantly, the science and technology board declarationThe increase in the number of enterprises means that the project reserve of the Science and Technology Board is sufficient. The future stock supply is constantly waiting to enter the market. In the early stage of the opening of the Science and Technology Board, some valuations were caused by the imbalance of market supply and demand. It will also change.