In the week of July 29, the situation of large-scale suspension of review of IPO companies due to the investigation of intermediary service agencies reappeared.
According to incomplete statistics from China Business News, since the beginning of this year, 6 securities intermediary service agencies have been filed for investigation, 1 has been severely fined by supervision, and more than 100 registered IPO projects have "stepped on the thunder".
Securities companies, accounting firms, law firms, asset appraisal agencies and other securities market intermediary service agencies have been given the role of "gatekeepers" for listed companies. Increased accountability for violations.
see also "stop tide"
Last week, a total of 47 IPO queuing companies on the Science and Technology Innovation Board and ChiNext were collectively suspended by the exchange for issuance and listing review. Among them, 46 were due to the hired asset appraisal agency China Water Zhiyuan Assets Appraisal Co., Ltd. (hereinafter referred to as "China Water Zhiyuan") It was investigated by the China Securities Regulatory Commission. According to Article 64 of the Rules for the Review of the Issuance and Listing of Stocks on the Growth Enterprise Market of the Shenzhen Stock Exchange, and Article 64, Paragraph 1 ( 2) and other relevant regulations, the Exchange suspends its issuance and listing review.
The official website shows that Zhongshui Zhiyuan was formed by the merger of Zhongshui Assets Appraisal Co., Ltd. and Anhui Zhiyuan Assets Appraisal Co., Ltd. The predecessor of Zhongshui Assets Appraisal Co., Ltd. - Zhongshui Assets Appraisal Office, was established in 1996 and was approved by the company in 1999. Restructured into China Water Assets Appraisal Co., Ltd.
Zhongshui Zhiyuan has business headquarters in Beijing and Hefei, Anhui, and branches in Chengdu, Sichuan, Taiyuan, Shanxi, Haikou, Hainan, Zibo, Shandong and Guangzhou, Guangdong. Shenyang City, Zhengzhou City, Henan Province, and Weifang City, Shandong Province have member institutions.
Zhongshui Zhiyuan has a total of 59 projects on the Science and Technology Innovation Board, of which 15 are in the state of suspension of review, 35 are registered, 1 is terminated, and 8 are terminated.
In addition, Guangdong Siquan New Materials Co., Ltd. was suspended from the issuance and listing review because Beijing Zhongyin Law Firm (hereinafter referred to as "Zhongyin Law Firm") was investigated by the China Securities Regulatory Commission.
Founded in January 1993, BOC Law Firm is headquartered in Beijing. Currently, it has branches in 33 cities, with nearly 3,000 lawyers and staff, including more than 500 partners and nearly 2,000 practicing lawyers.
At present, BOC Law Firm has a total of 6 projects on the Science and Technology Innovation Board and ChiNext, of which 1 has suspended the review, 4 have terminated the review, and only 1 has been registered.
More than 100 IPO companies "step on the thunder"
According to incomplete statistics from Yicai, since the beginning of this year, 7 securities intermediary service agencies have been investigated or punished by supervision, including 1 asset appraisal agency (Zhongshui Zhiyuan), 2 law firms (Bank of China Law Firm, Beijing King & Wood Mallesons), 3 sponsors (Jianghai Securities, Zhongde Securities, Ping An Securities), 1 accounting firm (ShineWing Certified Public Accountants), and more than 100 IPO projects under the registration system.
On July 1, Harbin Investment (600864.SH) announced that its subsidiary Jianghai Securities was suspected of failing to perform its duties diligently when it acted as a financial advisor for Orbit to issue shares and pay cash to purchase assets and raise supporting funds. If the document contains false records, misleading statements or major omissions, the CSRC decides to file a case against Jianghai Securities.
On July 22, Gaomi Yinying New Materials Co., Ltd., an IPO company on the Growth Enterprise Market, disclosed that because the sponsor Jianghai Securities was investigated by the China Securities Regulatory Commission, the Shenzhen Stock Exchange had suspended its issuance and listing review.
Previously, on June 24, Ping An Securities was suspended as a sponsor.
At the same time, Hunan Huahui New Energy Co., Ltd., an IPO company on the Growth Enterprise Market that hired Ping An Securities as a sponsor, Yongsil Electronics (Ningbo) Co., Ltd., an IPO queuing company on the Science and Technology Innovation Board, Shanghai Weichai Semiconductor Technology Co., Ltd., Xi’an Four companies including Xintong Pharmaceutical Research Co., Ltd. were suspended from issuance and listing review.
Ping An Securities has a total of 13 projects on the Science and Technology Innovation Board and ChiNext, of which 4 have been suspended, 5 have been terminated, and 4 have been registered.
In addition, at the end of January, Zhongde Securities, ShineWing Certified Public Accountants (special general partnership), and Beijing King & Wood Mallesons were investigated, and 48 IPO companies on the Growth Enterprise Market and 12 IPO companies on the Science and Technology Innovation Board were collectively suspended for this reason. review.
In the wave of suspension, IPO companies either wait for the relevant intermediary agencies to be investigated and eliminate the relevant situation and resume listing review, or directly replace the intermediary agency.