Zhejiang Liansheng Chemical Co., Ltd
Initial public offering and listing on GEM
Announcement of preliminary placement results of offline issuance
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 sponsor (lead underwriter) Sinolink Securities Co.Ltd(600109) (hereinafter referred to as "sponsor (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. It shall not exceed the median and weighted average of offline investors' quotations 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") and 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.
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.
According to the callback mechanism announced in the announcement of Zhejiang Liansheng Chemical Co., Ltd. on initial public offering and listing on the gem (hereinafter referred to as the "issuance announcement"), since the initial effective subscription multiple on the Internet 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.
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). The details are as follows:
1. According to this announcement, offline investors shall pay the subscription funds for new shares in full and on time according to the final issuance price and the initial allocation amount before 16:00 on April 7, 2022 (T + 2). The subscription funds shall be received before 16:00 on April 7, 2022 (T + 2).
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.
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 has obtained 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 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 subscription of the initial stock projects of gem, science and innovation board, main board and other sectors.
5. Once this announcement is published, it shall be deemed to have served the distribution notice to all the placing objects of offline issuance.
1、 Strategic placement results
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 offering products, pensions, social security funds, enterprise annuities and insurance funds after excluding the highest quotation. Therefore, relevant subsidiaries of the sponsor need not participate in follow-up investment. Finally, this issuance will not be targeted to strategic investors.
2、 Offline issuance and subscription and preliminary placement results
1. Offline issuance and subscription
According to the measures for the administration of securities issuance and underwriting (CSRC order [No. 144]), the special provisions on the issuance and underwriting of initial public offerings on the gem (CSRC announcement [2021] No. 21), the implementation rules for the issuance and underwriting of initial public offerings on the gem of Shenzhen Stock exchange (revised in 2021) (SZS [2021] No. 919) Detailed rules for the implementation of offline issuance of initial public offerings in Shenzhen market (revised in 2020) (SZS [2020] No. 483), code for underwriting of initial public offerings under the registration system (zsxf [2021] No. 213), detailed rules for the management of offline investors in initial public offerings (zsxf [2018] No. 142) The sponsor (lead underwriter) has verified and confirmed the qualification of investors participating in offline subscription in accordance with the relevant provisions of the rules for the administration of offline investors in initial public offering under the registration system (Zhong Zheng Xie Fa [2021] No. 212).
According to the effective subscription results finally received by the offline issuance electronic platform of Shenzhen Stock Exchange, the sponsor (lead underwriter) makes the following statistics:
The offline subscription of this offering has been completed on April 1, 2022 (t day). After verification, it is confirmed that the 5391 effective quotation placement objects managed by 231 offline investors disclosed in the issuance announcement have all made offline subscription in accordance with the requirements of the issuance announcement, and the effective number of subscription is 4177860 million shares.
2. Preliminary offline placement results
According to the offline placement principle and calculation method published in the announcement on initial public offering and listing on gem of Zhejiang Liansheng Chemical Co., Ltd. (hereinafter referred to as the "announcement on initial inquiry and recommendation"), the issuer and the sponsor (lead underwriter) have made a preliminary placement of offline issued shares, and the placement results are as follows:
Proportion of initial placement banks in the total number of effective subscription shares of initial placement object types issued by various investors online (10000 shares) proportion (%) quantity (shares) (%)
Proportion (%)
Class a investors (public offering products, social security funds)
Gold, pension, enterprise 210976050.50974833070.11 004620587 occupational pension fund and insurance fund) class B investors (combined)
Georgia overseas institutions invested 155000.37681290.49 004395419 capital)
Class C investors 205260049.13408854129.40 001991884
Total 4177860100.0013905 Tcl Technology Group Corporation(000100) .00 -
Note: if the total number is inconsistent with the mantissa of the sum of the sub item values, it is caused by rounding.
Among them, the remaining 1362 shares were placed to the placement object "RONGTONG new blue chip securities investment fund" managed by the investor "RONGTONG Fund Management Co., Ltd." in accordance with the offline placement principle in the preliminary inquiry and promotion announcement. The above preliminary placement arrangements and results comply with the placement principles published in the preliminary inquiry and promotion announcement. See the attached table for the allocation of each placement object.
3、 Contact information of sponsor (lead underwriter)
If the above offline investors have any questions about the offline preliminary placement results announced in this announcement, please contact the sponsor (lead underwriter) of this offering.
Contact address: 13 / F, Zizhu international building, No. 1088, Fangdian Road, Pudong New Area, Shanghai
Postal Code: 201204
Tel.: 021 Guangdong Huate Gas Co.Ltd(688268) 09
Contact: capital market department
Issuer: sponsor (lead underwriter) of Zhejiang Liansheng Chemical Co., Ltd.: Sinolink Securities Co.Ltd(600109) April 7, 2022
Zhejiang Liansheng Chemical Co., Ltd. (this page has no text, which is the seal page of the announcement on the initial public offering and initial placement results of Zhejiang Liansheng Chemical Co., Ltd. under the GEM Listing network)
Sinolink Securities Co.Ltd(600109) attached table: preliminary placement details of offline investors
Serial number name of investor name of placing object name of securities account subscription quantity of initial allocation quantity of initial allocation amount category (10000 shares) quantity (shares) (yuan)
1 BAOYING Fund Management Co., Ltd. BAOYING pan coastal area growth 0899042683900415812336786 a
Hybrid securities investment fund
2 BAOYING Fund Management Co., Ltd. BAOYING strategic growth hybrid 0899044075900415812336786 a
securities investment funds
3 BAOYING Fund Management Co., Ltd. BAOYING resources preferred hybrid 0899023895900415812336786 a
securities investment funds
Flexible matching of Baoying consumption theme
4. BAOYING Fund Management Co., Ltd. sets hybrid securities investment base 0899002814850392711651409 a
gold
BAOYING Hongli income flexible allocation
5. BAOYING Fund Management Co., Ltd. placed a hybrid securities investment base 0899040657900415812336786
