Xinhua News Agency, Beijing, June 12 (Reporter Liu Hui) The Securities Regulatory Commission announced on the 12th that it agreed to the registration application of Suzhou Huaxing Yuanchuang Technology Co., Ltd. to issue shares to purchase assets and raise supporting funds. Major asset restructuring project.
According to the information of the CSRC, according to the pilot requirements for the implementation of the registration system for the merger and reorganization of listed companies on the Science and Technology Board, the exchange will review the application materials. The CSRC will make a review decision within 5 trading days after receiving the review opinions of the exchange. The Shanghai Stock Exchange accepted Huaxing Yuanchuang's major asset reorganization application on March 27, 2020, and submitted it to the CSRC for registration on June 9. The CSRC agreed to register in accordance with legal procedures on June 12, and it took only 4 trading days.
It is understood that the implementation of the registration system for major asset restructuring of listed companies on the Science and Technology Board is an important aspect of implementing the reform of the registration system on the Science and Technology Board. The Securities Regulatory Commission issued the "Special Provisions on Major Asset Reorganization of Science and Technology Board Listed Companies" on August 23, 2019, and the Shanghai Stock Exchange issued the "Regulations on the Review of Major Asset Restructuring of Shanghai Stock Exchange Board Science and Technology Board Listed Companies" on November 29. Clarify the specific rules for the merger, acquisition and reorganization registration system of listed companies on the Science and Technology Board