Another brokerage IPO suffered twists and turns.
Recently, the official website of the CSRC disclosed the progress of the IPO of the company to be listed. Among them, the latest status of Wanlian securities IPO is: termination of review.
2019 Wanlian securities, which submitted listing materials, what is the termination of the IPO review? According to the latest information from the insiders of Chinese journalists of securities companies, Wanlian securities decided to withdraw the application for A-share issuance after careful consideration and full study with the intermediaries related to the issuance application due to the adjustment of strategic planning. At present, the company's business is running normally, and the application for A-share issuance will be restarted at an opportunity in the future
Chinese reporters from securities companies noted that in order to enrich capital, small and medium-sized securities companies are still enthusiastic about IPO. In February this year, Dongguan securities IPO, which "sharpened a sword in seven years", was successfully held. In addition, Caixin securities, Donghai securities and Shengang securities, which announced to enter the IPO guidance and filing stage since the beginning of the year, there are more than 10 IPO reserve forces.
Wanlian securities IPO termination review
On March 18, the official website of the CSRC released the list of enterprises applying for termination of IPO review in 2021. Among them, Wanlian securities became the latest enterprise to enter the list and applied for termination of IPO review on March 16.
Why did Wanlian securities choose to terminate its IPO after queuing up for several years? The reporter learned that Wanlian securities decided to withdraw the application for this A-share issuance mainly in view of its own strategic planning adjustment, after careful consideration and full study with the relevant intermediaries of the issuance application.
According to the reporter, at present, Wanlian securities business operates well. The withdrawal of IPO issuance application will not have an adverse impact on the company's financial status or normal operation. The company will choose an opportunity to restart the A-share issuance application according to the actual situation.
Statistics show that Wanlian securities is a wholly-owned state-owned securities company in Guangzhou. It was established with the approval of the China Securities Regulatory Commission on August 23, 2001. It has a registered capital of 5.954 billion yuan. It is headquartered in Guangzhou, rooted in the Dawan District of Guangdong, Hong Kong and Macao, and has set up branches in major provinces, municipalities directly under the central government and economically active cities in China.
In terms of shareholders, before the issuance, the controlling shareholder of Wanlian securities was Guangzhou financial holding, which directly held 49.1% of the equity of Wanlian securities and indirectly held 26.89% of Wanlian securities through Guangyong state-owned assets, with a total shareholding ratio of 75.99%. The actual controller was Guangzhou SASAC.
in terms of performance, the data of China Securities Association shows that in the first half of 2021, Wanlian securities had an operating revenue of 920 million yuan and a net profit of 270 million yuan, ranking 56 and 60 respectively in the industry
In terms of IPO, in June 2018, Wanlian securities handled the counseling filing registration with Guangdong securities regulatory bureau, and the counseling institution is UBS Securities; During the review process of the prospectus, the company submitted the prospectus to the Securities Regulatory Commission in June 2019, and received the follow-up feedback until the IPO was terminated in June 2019.
small and medium-sized securities companies are still enthusiastic about IPO
Securities companies encountered twists and turns in the listing process, which is not unprecedented before, but it still can not cool the enthusiasm of small and medium-sized securities companies to list.
On February 25 this year, Dongguan securities, which successfully passed the IPO, was quite difficult. It lasted seven years. During this period, due to the suspected crime of Yang Zhimao, the actual controller of private shareholders, its IPO was forced to press the "stop button" until the CSRC resumed the review of Dongguan securities IPO application in February 2021, and finally achieved good results.
In the IPO process of securities companies, the one who pressed the termination procedure was not Wanlian securities. In the termination review IPO list announced by the CSRC, Xiamen rural commercial bank, which is also a financial institution, also terminated its IPO on February 18 this year.
"The adjustment of the listing plan is based on the purpose of equity optimization. It is intended to use the adjustment period to sort out and optimize the equity, so as to lay a solid foundation for the next steady development and re application for listing." For the reasons for withdrawing the IPO, Xiamen rural commercial bank responded to the outside world.
In July last year, deppon securities guidance agency Haitong Securities Company Limited(600837) announced that deppon securities decided to terminate the original stock issuance and listing plan. After friendly negotiation between deppon securities and Haitong Securities Company Limited(600837) , both sides agreed to terminate the guidance on the IPO and listing of deppon securities.
In this regard, deppon Securities said that deppon securities has not terminated its listing plan, and the company will re select and hire sponsors to promote listing; According to the strategic plan of the company, the application for counseling filing and registration shall be submitted to Shanghai Securities Regulatory Bureau in due time.
It is worth mentioning that despite the inevitable challenges and twists and turns in the listing process, in order to improve capital strength and risk resistance, a large number of small and medium-sized securities companies are still seeking IPO Financing.
The Chinese reporter of securities companies noted that up to now, there are more than 10 "reserve" teams of IPO of securities companies. Among them, there are three securities companies in the IPO queue disclosed by the CSRC, namely Cinda securities, capital securities and Bohai Securities. The audit status is "pre disclosure update", "pre disclosure update" and "feedback".
For other securities companies in the IPO guidance stage, since January this year, Caixin securities, Donghai securities and Shengang securities have successively entered the IPO guidance filing stage. In addition, Huabao securities, Huajin securities, Guokai securities and Hualong securities have previously announced to enter the guidance filing stage.
