Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd
Initial public offering and listing on GEM
Announcement of issuance results
Sponsor (lead underwriter): China Securities Co.Ltd(601066)
hot tip
The application of Harbin Welding stock exchange Huatong (Changzhou) welding industry Co., Ltd. (hereinafter referred to as “Harbin Welding Huatong” or “the issuer”) for initial public offering of 45453400 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 [2022] No. 128). The sponsor (lead underwriter) of this offering is China Securities Co.Ltd(601066) (hereinafter referred to as ” China Securities Co.Ltd(601066) securities” or “sponsor (lead underwriter)”). The issuer’s stock is abbreviated as “Harbin Welding Huatong” and the stock code is “301137”.
The issuer negotiated with the sponsor (lead underwriter) and determined that the price of this stock issue is 15.37 yuan / share, and the number of shares issued is 454534 million, all of which are new shares without transfer of old shares. The issuing price of this offering shall not exceed the median and weighted average of offline investors’ quotation after excluding the highest quotation, as well as the securities investment fund, national social security fund, basic old-age insurance fund established through public offering after excluding the highest quotation The enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund and the insurance fund quotation median and weighted average in accordance with the measures for the administration of the use of insurance funds, whichever is lower. This offering does not arrange strategic placement to other external investors. According to the issuing price, the relevant subsidiaries of the sponsor will not participate in the strategic placement. Finally, this issuance will not be targeted to strategic investors. The difference between the initial strategic placement and the final strategic placement was 2272670 shares, which were transferred back to offline issuance.
This issuance is finally carried out by a combination of offline inquiry and placement to qualified investors (hereinafter referred to as “offline issuance”) and online pricing issuance to social public investors holding non restricted A-share shares or non restricted depositary receipts in Shenzhen market (hereinafter referred to as “online issuance”).
After the strategic placement callback and before the launch of the online and offline callback mechanism, the initial number of offline shares was 324994 million, accounting for 71.50% of the number of shares issued this time; The initial number of shares issued online was 12.954 million, accounting for 28.50% of the number issued this time. According to the callback mechanism announced in the announcement of Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd. on initial public offering and listing on the gem (hereinafter referred to as the “issuance announcement”), the issuer and the sponsor (lead underwriter) decided to start the callback mechanism because the initial effective online subscription multiple was 862898915 times, higher than 100 times, 20% (rounded up, i.e. 9091000 shares) of the shares issued this time will be transferred back from offline to online. After the call back, the final number of offline shares issued was 23408400, accounting for 51.50% of the total issued this time; The final number of shares issued online was 22.045 million, accounting for 48.50% of the total issued this time. After the call back, the winning rate of this online pricing issuance is 00197217881%, and the subscription multiple is 507053416 times. The online and offline subscription and payment work of this offering has been completed on March 14, 2022 (T + 2). The details are as follows:
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 Limited (hereinafter referred to as “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, and the results are as follows:
(I) online subscription of new shares
1. Number of shares subscribed by online investors (shares): 21953200
2. Subscription amount paid by online investors (yuan): 33742068400
3. Number of online investors giving up subscription (shares): 91800
4. Subscription amount abandoned by online investors (yuan): 141096600
(II) offline subscription of new shares
1. Number of shares subscribed by offline investors (shares): 23408400
2. Subscription amount paid by offline investors (yuan): 35978710800
3. Number of offline investors giving up subscription (shares): 0
4. Subscription amount abandoned by offline investors (yuan): 0
2、 Offline placement proportion and 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 unlocked and can be circulated from the date when the shares issued this time are listed and traded on the Shenzhen Stock Exchange; The lock-in period of 10% of the shares is 6 months, and the lock-in 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.
The number of shares issued by CNET in the next 10 months accounted for 396.47% of the total number of shares issued by CNET in the next 10 months.
3、 Underwriting by the sponsor (lead underwriter)
The number of shares abandoned by online and offline investors is underwritten by the sponsor (lead underwriter). The number of shares underwritten by the sponsor (lead underwriter) is 91800 shares, and the underwriting amount is 141096600 yuan. The proportion of the number of shares underwritten by the recommendation institution (lead underwriter) to the total number of shares issued is 0.20%.
On March 16, 2022 (T + 4), the recommendation institution (lead underwriter) will transfer the underwriting funds and the funds raised from offline and online issuance to the issuer after deducting the recommendation and underwriting fee. The issuer shall submit an application for share registration to CSDCC Shenzhen Branch and register the underwritten shares to the securities account designated by the sponsor (lead underwriter).
4、 Contact information of sponsor (lead underwriter)
If offline and online investors have any questions about the issuance results announced in this announcement, please contact the sponsor (lead underwriter) of this issuance. The specific contact information is as follows:
Tel: 01086451545, 01086451546
Contact: equity capital market department
Issuer: Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd. sponsor (lead underwriter): China Securities Co.Ltd(601066) March 16, 2022 (there is no text on this page, which is the announcement on the results of initial public offering and listing on gem of Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd Seal page)
Issuer: Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd. (this page has no text and is the seal page of China Securities Co.Ltd(601066) about the announcement on the results of initial public offering and listing on the gem of Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd.)
Sponsor (lead underwriter): China Securities Co.Ltd(601066) mm / DD / yyyy
