Wuhan Huakang Century Medical Co., Ltd
Initial public offering and listing on GEM
Announcement of preliminary placement results of offline issuance
Sponsor (lead underwriter):
hot tip
The application of Wuhan Huakang Century Medical Co., Ltd. for the initial public offering of no more than 26.4 million common shares (A shares) (hereinafter referred to as “this offering”) was examined and approved by the GEM Listing Committee of Shenzhen Stock Exchange on November 5, 2021, and approved to be registered by the CSRC’s zjxk [2021] No. 4121 on December 28, 2021. The sponsor (lead underwriter) of this offering is Huaying Securities Co., Ltd. (hereinafter referred to as “Huaying securities” or “sponsor (lead underwriter)”). The issuer’s stock is referred to as “Huakang medical” for short, and the stock code is “301235”.
The issuer negotiated with the sponsor (lead underwriter) Huaying securities to determine the number of shares to be issued this time is 26.4 million shares, and the issue price is 39.30 yuan / share.
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 number of shares issued by the initial strategic placement of this issuance was 3.96 million shares, accounting for 15.00% of the issued number. The issuing price of this offering exceeds the median and weighted average of the offline investors’ quotation 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 to participate in the follow-up investment. According to the issuing price of this issuance, the final number of strategic placement shares in the special asset management plan for senior managers and core employees of the issuer is 788804 shares, accounting for about 2.99% of the number of shares issued this time; Wuxi Guolian Innovation Investment Co., Ltd. (hereinafter referred to as “Guolian innovation investment”), a subsidiary of the parent company Guolian Securities Co.Ltd(601456) of Huaying Securities Co., Ltd., the sponsor of the issuance, finally placed 1056000 shares, accounting for about 4.00% of the issuance. Finally, the strategic placement objects of this issuance are the special asset management plan of the issuer’s senior managers and core employees and relevant subsidiaries of the sponsor. The total amount of strategic placement is 1844804 shares, accounting for about 6.99% of the number of shares issued this time. The difference between the initial strategic placement and the final strategic placement is 2115196 shares, which are transferred back to offline issuance.
After the strategic placement callback and before the online and offline callback mechanism was launched, the initial offline issuance was 1782319600 shares, accounting for 72.58% of the issuance after deducting the final strategic placement; The initial number of shares issued online was 6.732 million, accounting for 27.42% of the number issued after deducting the final strategic placement. According to the callback mechanism announced in the announcement of Wuhan Huakang Century Medical Co., Ltd. on initial public offering and listing on the gem, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism because the initial effective online subscription multiple was 10041.49666 times, higher than 100 times, 20% (rounded up to an integral multiple of 500 shares, i.e. 4.9115 million shares) of the number of shares publicly issued this time will be transferred back from offline to online. After the call back, the final number of offline shares issued was 12.911696 million, accounting for 52.58% of the total issued after deducting the final strategic placement; The final number of shares issued online was 11.6435 million, accounting for 47.42% of the total issued after deducting the final strategic placement. After the call back, the winning rate of this online pricing issuance is 0.0172242766%, and the subscription multiple is 5805.75905 times.
Investors are kindly requested to pay attention to the relevant provisions on the issuance process, online and offline payment, disposal of share abandonment, suspension of issuance, etc., and timely fulfill their payment obligations on January 21, 2022 (T + 2): 1 Offline investors shall, before 16:00 on January 21, 2022 (T + 2), according to the preliminary placement results of the announcement on the initial public offering of shares by Wuhan Huakang Century Medical Co., Ltd. and the preliminary placement results of offline issuance listed on the gem (hereinafter referred to as the announcement on offline preliminary placement results) and the subscription capital payment requirements of the issuance announcement, Pay the subscription funds for new shares in full and on time according to the final issue price and allocated quantity. If the same placing object is allocated multiple new shares on the same day, it is necessary to pay for each new share in full and fill in the remarks in accordance with the specifications. If the placing object has insufficient funds for a single new share, all the new shares allocated to the placing object on that day will be invalid, and the resulting consequences shall be borne by the investors themselves.
After winning the lottery in the subscription of new shares, online investors shall fulfill the obligation of capital settlement according to the lottery results of the announcement on the lottery results of Wuhan Huakang Century Medical Co., Ltd. initial public offering and listing on the gem and the subscription capital payment requirements of the issuance announcement, Ensure that its capital account has sufficient subscription funds for new shares on January 21, 2022 (T + 2), and the insufficient part shall be deemed as abandoning the subscription, and the resulting consequences and relevant legal liabilities 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 shall be underwritten by the sponsor (lead underwriter).
2. Among the shares issued this time, the shares issued online have no circulation restrictions and restricted sales period arrangements, and can be circulated from the date of listing of the shares issued this time on the Shenzhen Stock Exchange.
The offline issuance part adopts the proportional sales restriction method, and the offline investors shall promise 10% of the number of shares allocated to them. If less than 1 share is rounded up, the sales restriction period is 6 months from the date of the issuer’s initial public offering and listing. That is, 90% of the shares allocated to each placing object 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 subscription, they do not need to fill in the lock-in period arrangement for the placement objects under their management. Once the quotation is made, it is deemed to accept the offline lock-in period arrangement disclosed in this announcement.
In terms of strategic placement, the senior managers and core employees of the issuer participate in the special asset management plan established by this strategic placement, and the restricted period of shares allocated to relevant subsidiaries of the sponsor is 12 months. The restricted period of shares allocated to relevant subsidiaries of the sponsor is 24 months, which shall be calculated from the date of listing of the shares of this public development bank on the Shenzhen Stock Exchange.
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 sponsor (lead underwriter) will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements.
4. If the offline investors who provide effective quotation fail to participate in the subscription or the offline investors who obtain the preliminary placement fail 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 the placing object in the science and innovation board, gem, motherboard and other sectors shall be calculated together. During the period of being included in the restricted list, the placing object shall not participate in the offline inquiry and placement of projects related to science and innovation board, gem, motherboard and other sectors.
5. Once this announcement is published, it shall be deemed to have served the notice of allocated payment to the online investors who have participated in the online subscription and won the lot and the offline investors who have participated in the offline subscription.
1、 Final result of strategic placement (I) participants
The issuing price of this offering exceeds 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, relevant subsidiaries of the sponsor need to participate in follow-up investment.
According to the final issue price, the final number of strategic placement shares in the special asset management plan for senior managers and core employees of the issuer is 788804 shares, accounting for about 2.99% of the number of shares issued this time; Wuxi Guolian Innovation Investment Co., Ltd., a subsidiary of the parent company Guolian Securities Co.Ltd(601456) of Huaying Securities Co., Ltd., the sponsor of the issuance, finally placed 1056000 shares, accounting for about 4% of the issuance. The final number of strategic placement was 1844804 shares, accounting for 6.99% of the number of shares issued this time. The difference between the initial strategic placement and the final strategic placement was 2115196 shares, which were transferred back to offline issuance.
As of the date of issuance of this announcement, the special asset management plan for the senior management and core employees of the issuer and the relevant subsidiaries of the issuance sponsor have signed a placement agreement with the issuer. See the special verification report of Huaying Securities Co., Ltd. on strategic investors of Wuhan Huakang Century Medical Co., Ltd. announced on January 18 (t-1) 2022 and Legal opinion of Beijing Weiheng law firm on the special verification of strategic investors of Wuhan Huakang Century Medical Co., Ltd. in its initial public offering and listing on the gem. (II) matching results
As of January 14, 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, the sponsor (lead underwriter) and the strategic investor, the strategic placement results of this issuance are determined as follows:
Restricted period
Name of strategic investor allocated quantity (shares) allocated amount (yuan)
(month)
Guolian Huakang medical staff’s participation in gem strategy
Placing collective asset management plan 788804 3099997.20 12
Wuxi Guolian Innovation Investment Co., Ltd. 1056000 41500800.00 24
2、 Offline issuance and subscription and preliminary placement results
(I) offline issuance and subscription
According to the measures for the administration of securities issuance and underwriting (CSRC order [No. 144]), special provisions on the issuance and underwriting of Securities for initial public offerings on the gem (CSRC announcement [2021] No. 21) and Shenzhen Securities Exchange
Detailed rules for the implementation of securities issuance and underwriting business of initial public offering on the E-exchange gem (SZS [2021] No. 919)
Detailed rules for the implementation of offline issuance of initial public offering in Shenzhen market (revised in 2020) (Shenzhen Stock Exchange (I))
[2020] No. 483), code for underwriting initial public offerings under the registration system (Zhong Zheng Xie Fa [2021] 213)
No.), management rules for offline investors of initial public offering under the registration system (CSIF [2021]
No. 212) and other relevant regulations, the recommendation institution (lead underwriter) shall review the qualification of investors participating in offline subscription
Verified and confirmed. According to the effective subscription results finally received by the offline issuance electronic platform of Shenzhen Stock Exchange, the sponsor
The organization (lead underwriter) makes the following statistics:
The offline subscription of this offering has been completed on January 19, 2022 (t day). Verified and confirmed
Of the 5078 effective placing objects managed by 256 offline investors disclosed in the issuance announcement, 256
The 5078 placing objects managed by offline investors participated in the offline application in accordance with the requirements of the issuance announcement
The number of shares subscribed offline was 33145800000.
(III) preliminary offline placement results
The effective subscription quantity of this offline issuance is 33145.8 million shares, according to the provisions of the preliminary inquiry announcement
According to the offline placement principle, the allocation information of various investors is as follows:
The number of shares effectively subscribed accounts for the total number of shares initially allotted effectively subscribed and accounts for the proportion of the final initial allotment offline. The proportion of the number of allotment object categories (10000 shares) (%) (share) issuance (%)
（%）
Class a investor 1696990 51.20 9090692 70.41 0.05356951
Class B investors 5310 0.16 14345 0.11 0.02701507
Class C investors 1612280 48.64 3806659 29.48 0.02361041
Total 3314580.100
