Initial public offering and listing on GEM
Announcement on online subscription and winning rate
Sponsor (lead underwriter): Sinolink Securities Co.Ltd(600109)
hot tip
The application of Zhejiang Liansheng Chemical Co., Ltd. (hereinafter referred to as “Liansheng chemical” or “the issuer”) for the initial public offering of 27 million RMB common shares (A shares) (hereinafter referred to as “this offering”) and listing on the gem has been examined and approved by 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. 413).
The issuer negotiated with the recommendation institution (lead underwriter) Sinolink Securities Co.Ltd(600109) (hereinafter referred to as “recommendation institution (lead underwriter)”, ” Sinolink Securities Co.Ltd(600109) “) to determine the number of shares to be issued this time is 27 million, and the issue price is 29.67 yuan / share, which does not exceed the median and weighted average of offline investors’ quotation after excluding the highest quotation, as well as the securities investment fund established through public offering after excluding the highest quotation National social security fund, basic endowment insurance fund, enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund and insurance fund quotation median and weighted average in accordance with the measures for the administration of the use of insurance funds, whichever is lower.
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 1.35 million 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 and non restricted depositary receipts in Shenzhen market (hereinafter referred to as “online issuance”).
After the strategic placement callback and before the online and offline callback mechanism was launched, the number of offline shares was 19.035 million, accounting for 71.50% of the number of shares issued this time; The number of shares issued online was 7.695 million, accounting for 28.50% of the number issued this time. The final online and offline issuance quantity will be determined according to the callback situation.
Liansheng chemical issued 7.695 million shares of “Liansheng chemical” on April 1, 2022 (t day) using the online pricing of the trading system of Shenzhen Stock Exchange.
Investors are kindly requested to focus on the payment link of this offering and fulfill their payment obligations in time on April 7, 2022 (T + 2).
1. Offline investors shall, in accordance with the announcement on the results of initial public offering of shares by Zhejiang Liansheng Chemical Co., Ltd. and initial offline placement of shares listed on the gem, timely and fully pay the subscription funds for new shares according to the final issuance price and initial placement quantity before 16:00 on April 7 (T + 2) 2022.
The subscription funds shall be paid in full within the specified time. If the subscription funds are not paid in full within the specified time or as required, all the new shares allocated to the placing object shall be invalid. If the above-mentioned circumstances occur when multiple new shares are issued on the same day, all the placing objects are invalid. If different placing objects share bank accounts, if the subscription funds are insufficient, all the new shares allocated to the placing objects sharing bank accounts will be invalid. Offline investors are allocated multiple new shares on the same day. Please pay for each new share separately.
After winning the subscription of new shares, online investors shall fulfill the obligation of capital settlement in accordance with the announcement on the results of initial public offering and online winning of shares listed on gem of Zhejiang Liansheng Chemical Co., Ltd., so as to ensure that their capital account will have sufficient capital for subscription of new shares on April 7 (T + 2) 2022. The insufficient part shall be deemed to have given up the subscription, and the consequences and relevant legal liabilities arising therefrom shall be borne by the investors themselves. The transfer of investors’ funds shall comply with the relevant provisions of the securities company where the investors are located.
The shares that offline and online investors give up to subscribe for are underwritten by the sponsor (lead underwriter).
2. Among the stocks issued this time, the stocks issued online have no circulation restrictions and limited sales period arrangements, and can be circulated from the date when the stocks issued this time are listed on the Shenzhen Stock Exchange.
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.
3. When the total number of shares paid and subscribed by offline and online investors is less than 70% of the number of public offerings, the issuer and the sponsor (lead underwriter) will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements.
4. If the offline investor who provides effective quotation fails to participate in the subscription or the offline investor who obtains the preliminary placement fails to pay the subscription amount in time and in full, it will be deemed as a breach of contract and shall bear the liability for breach of contract. The recommendation institution (lead underwriter) shall report the breach of contract to the China Securities Association for the record. The number of violations of placing objects in gem, sci-tech innovation board, main board and other sectors shall be calculated together. During the period of being included in the restricted list, the relevant placing objects shall not participate in the offline inquiry and placement of projects related to gem, science and innovation board, main board and other sectors.
If online investors fail to pay in full after winning the lottery for three times in a row within 12 months, they shall not participate in the online subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds within 6 months (calculated as 180 natural days, including the next day) from the next day of the settlement participant’s latest declaration of abandonment of subscription.
1、 Online subscription
According to the data provided by Shenzhen Stock Exchange, the sponsor (lead underwriter) has made statistics on the subscription of this online offering. The number of effective subscription accounts of this online pricing offering is 11440353, the number of effective subscription shares is 68711406000, the total number of allotment numbers is 137422812, the starting number of allotment is 000000 Ping An Bank Co.Ltd(000001) , and the closing number is 000137422812.
2、 Implementation of callback mechanism, issuance structure and success rate of online issuance
According to the callback mechanism announced in the announcement of Zhejiang Liansheng Chemical Co., Ltd. initial public offering and listing on the gem, since the initial effective online subscription multiple is 892935750 times, more than 100 times, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism and callback 20% of the shares issued this time from offline to online. After the call back, the final number of offline shares issued was 13.905 million, accounting for 51.50% of the total issued this time; The final number of shares issued online was 13.095 million, accounting for 48.50% of the total issued this time.
After the call back, the winning rate of this online pricing issuance is 00190579712%, and the effective subscription multiple is 524714822 times.
3、 Online lottery
The issuer and the recommendation institution (lead underwriter) are scheduled to conduct lottery in Room 202, building 203, Shangbu Industrial Zone, Hongli West Road, Futian District, Shenzhen on the morning of April 6, 2022 (T + 1), and will publish the lottery results in China Securities News, Shanghai Securities News, securities times and Securities Daily on April 7, 2022 (T + 2).
Issuer: sponsor (lead underwriter) of Zhejiang Liansheng Chemical Co., Ltd.: Sinolink Securities Co.Ltd(600109) April 6, 2022
Zhejiang Liansheng Chemical Co., Ltd. (this page has no text, which is the seal page of the announcement on the online subscription and winning rate of Zhejiang Liansheng Chemical Co., Ltd. in its initial public offering and listing on the GEM)
Sinolink Securities Co.Ltd(600109) mm / DD / yyyy
