Ganzhou Tengyuan cobalt industry new material Co., Ltd
Announcement of IPO results and listing on GEM
Sponsor (lead underwriter): Dongxing Securities Corporation Limited(601198)
hot tip
The application of Ganzhou Tengyuan cobalt industry new material Co., Ltd. (hereinafter referred to as “Tengyuan cobalt industry”, “issuer” or “company”) for the initial public offering of 31486900 ordinary shares (A shares) (hereinafter referred to as “this offering”) has been examined and approved by the members of the GEM Listing Committee of Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock Exchange”), It has been approved for registration by China Securities Regulatory Commission (zjxk [2021] No. 4042). The sponsor (lead underwriter) of this offering is Dongxing Securities Corporation Limited(601198) (hereinafter referred to as “sponsor (lead underwriter)” or ” Dongxing Securities Corporation Limited(601198) “. The issuer’s stock is abbreviated as “Tengyuan cobalt industry” and the stock code is “301219”. This issuance adopts directional placement to strategic investors (hereinafter referred to as “strategic placement”) Offline inquiry placement to qualified offline investors (hereinafter referred to as “offline issuance”) and online pricing issuance to social public investors holding non restricted A-Shares and non restricted depositary receipts in Shenzhen market (hereinafter referred to as “online issuance”).
The issuer negotiated with the recommendation institution (lead underwriter) and determined that the number of shares to be issued this time is 31486900, and the issue price is 173.98 yuan / share. All of them are new shares, and there is no transfer of old shares. The issuing price of this offering shall not exceed the median and weighted average of the quotations of offline investors after excluding the highest quotation, as well as the Securities Investment Fund (hereinafter referred to as “public fund”), the National Social Security Fund (hereinafter referred to as “social security fund”), the basic old-age insurance fund (hereinafter referred to as “pension”) established through public offering after excluding the highest quotation The enterprise annuity fund (hereinafter referred to as “enterprise annuity fund”) established in accordance with the measures for the administration of enterprise annuity fund and the insurance fund (hereinafter referred to as “insurance fund”) in accordance with the measures for the administration of the use of insurance funds, whichever is lower, so the relevant subsidiaries of the sponsor need not participate in the follow-up investment.
The number of shares issued by the initial strategic placement of this issuance was 6297380 shares, accounting for 20% of the issued number.
According to the final issue price, the strategic placement of this issue is composed of the special asset management plan of the issuer’s senior managers and core employees and other strategic investors. The final number of strategic placement shares in the special asset management plan for senior managers and core employees of the issuer was 402333 shares, accounting for 1.28% of the number of shares issued this time; The final number of strategic placement shares of other strategic investors was 5632829 shares, accounting for 17.89% of the number of shares issued this time. The final number of strategic placement was Beijing Tricolor Technology Co.Ltd(603516) 2 shares, accounting for 19.17% of the number of shares issued this time. The difference between the initial strategic placement and the final strategic placement was 262218 shares, which were transferred back to offline issuance.
Before the launch of the online and offline call back mechanism and after the strategic placement call back, the initial number of offline shares issued this time was 178952380 shares, accounting for 70.31% of the number of shares issued this time after deducting the number of strategic placements; The initial number of shares issued online was 7.5565 million, accounting for 29.69% of the number of shares issued this time after deducting the number of strategic placements. According to the callback mechanism announced in the announcement of Ganzhou Tengyuan cobalt new materials Co., Ltd. on initial public offering of shares and listing of new shares on the gem (hereinafter referred to as the “announcement of new share issuance”), since the initial effective subscription multiple on the Internet is 914077086 times, higher than 100 times, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism, After deducting the final strategic placement quantity, 20% of the issuance quantity (rounded up to an integral multiple of 500 shares, i.e. 5090500 shares) will be transferred back from offline to online. After the callback mechanism was launched, the final number of shares issued offline was 12804738, accounting for 50.31% of the number of shares issued this time after deducting the final strategic placement; The final number of shares issued online was 12.647 million, accounting for 49.69% of the number issued this time after deducting the final strategic placement. After the call back, the winning rate of this online issuance is 00183098173%, and the effective subscription multiple is 546155096 times. The online and offline subscription and payment work of this offering has been completed on March 10, 2022 (T + 2). 1、 Statistics of new share subscription
According to the data provided by Shenzhen Stock Exchange and Shenzhen Branch of China Securities Depository and Clearing Corporation, the sponsor (lead underwriter) made statistics on the subscription of new shares issued online and offline in this strategic placement. The results are as follows:
(I) strategic placement
The offering price is not higher than the lower of the median and weighted average of offline investors’ quotations after excluding the highest quotation and the median and weighted average of public funds, social security funds, pensions, enterprise annuity funds and insurance funds after excluding the highest quotation. Therefore, the relevant subsidiaries of the sponsor need not participate in the follow-up investment.
According to the final issue price, the strategic placement of this issue is composed of the special asset management plan of the issuer’s senior managers and core employees and other strategic investors. The final number of strategic placement shares in the special asset management plan for senior managers and core employees of the issuer was 402333 shares, accounting for 1.28% of the number of shares issued this time; The final number of strategic placement shares of other strategic investors was 5632829 shares, accounting for 17.89% of the number of shares issued this time. The final number of strategic placement was Beijing Tricolor Technology Co.Ltd(603516) 2 shares, accounting for 19.17% of the number of shares issued this time. The difference between the initial strategic placement and the final strategic placement was 262218 shares, which were transferred back to offline issuance.
As of March 3, 2022 (T-3), strategic investors have paid their subscription funds in full and on time. According to the relevant agreements in the strategic placement agreement signed by the issuer and strategic investors, the strategic placement results of this issuance are determined as follows:
Serial no. Name of strategic investor allocated quantity (shares) allocated amount (yuan) sales restriction period (month)
1 China North Industry Co., Ltd. 16093802799993240 12
2 Saic Motor Corporation Limited(600104) 1,436946 249999,865.08 12
3 Ganfeng Lithium Co.Ltd(002460) 1,149557 199999,926.86 12
4 Wanxiang 123 Co., Ltd. 8621681499998864 12
5 Cngr Advanced Material Co.Ltd(300919) 574778 99,999876.44 12
6 China Securities Co.Ltd(601066) Tengyuan cobalt industry No. 1 strategy 4023336999789534 12
Placement collective asset management plan
Total Beijing Tricolor Technology Co.Ltd(603516) 2104999748476-
Note: the restricted sale period shall be calculated from the date when the shares of this public offering are listed on the Shenzhen Stock Exchange.
(II) online subscription of new shares
1. Number of shares subscribed by online investors (shares): 12067797
2. Subscription amount paid by online investors (yuan): 20995532206
3. Number of online investors giving up subscription (shares): 579203
4. Subscription amount abandoned by online investors (yuan): 10076973794
(III) offline subscription of new shares
1. Number of shares subscribed by offline investors (shares): 12804738
2. Subscription amount paid by offline investors (yuan): 222776831724
3. Number of offline investors giving up subscription (shares): 0
4. Subscription amount abandoned by offline investors (yuan): 0
2、 Offline proportional restriction
The offline issuance part adopts the proportional sales restriction method, and the offline investors shall promise that the sales restriction period of 10% (rounded up) of the number of shares allocated to them is 6 months from the date of the issuer’s initial public offering and listing. That is, among the shares allocated to each placing object, 90% of the shares are sold indefinitely and can be circulated from the date when the issued shares are listed and traded on the Shenzhen Stock Exchange; The sales restriction period of 10% of the shares is 6 months, and the sales restriction period starts from the date when the issued shares are listed and traded on the Shenzhen Stock Exchange.
When offline investors participate in the preliminary inquiry and quotation and offline purchase, they do not need to fill in the arrangement of the restricted sale period for the placing objects under their management. Once the quotation is made, it is deemed to accept the arrangement of the online restricted sale period disclosed in this announcement.
In this offering, the number of shares whose offline proportion is restricted for 6 months is 1284055, accounting for about 10.03% of the total offline issuance and 4.08% of the total public offering.
3、 Underwriting by the recommendation institution (lead underwriter)
All the shares abandoned by online and offline investors are underwritten by the sponsor (lead underwriter). The number of underwritten shares by the sponsor (lead underwriter) is 579203 shares, and the underwritten amount is 10076973794 yuan. The number of shares underwritten by the recommendation institution (lead underwriter) accounts for 1.84% of the total number of shares issued.
On March 14, 2022 (T + 4), the recommendation institution (lead underwriter) transferred the underwriting funds, war allocation funds and the funds raised by online and offline issuance to the issuer after deducting the underwriting recommendation fee. The issuer shall submit an application for share registration to Shenzhen Branch of China Securities Depository and Clearing Corporation Limited and register the underwritten shares in the securities account designated by the sponsor (lead underwriter).
4、 Contact information of sponsor (lead underwriter)
If online and offline investors have any questions about the issuance results announced in this announcement, please contact Dongxing Securities Corporation Limited(601198) the lead underwriter of this issuance. The specific contact information is as follows:
Tel: 01066553415, 01066551285
Contact email: [email protected].
Contact: capital market department
Issuer: sponsor (lead underwriter) of Ganzhou Tengyuan cobalt new materials Co., Ltd.: Dongxing Securities Corporation Limited(601198) March 14, 2022 (there is no text on this page, which is the seal page of the announcement on the results of initial public offering and listing on the gem of Ganzhou Tengyuan cobalt new materials Co., Ltd.)
Issuer: Ganzhou Tengyuan cobalt industry new material Co., Ltd. (this page has no text and is the seal page of the announcement on the results of initial public offering and listing on the gem of Ganzhou Tengyuan cobalt industry new material Co., Ltd.)
Sponsor (lead underwriter): Dongxing Securities Corporation Limited(601198) mm / DD / yyyy
