The first major asset reorganization of a GEM listed company completed the registration, which took 92 days

　　The first major asset reorganization of a GEM listed company completed the registration, which took 92 days

　　The Growth Enterprise Market completed the registration of the first major asset reorganization of a listed company.

　　On October 9, the China Securities Regulatory Commission’s official WeChat account stated that on September 30, Chutian Technology Co., Ltd. (hereinafter referred to as “Chutian Technology”) was officially approved to issue shares, convertible corporate bonds to purchase assets and raise matching funds. Application.

　　The China Securities Regulatory Commission emphasized that the approval of Chutian Technology's major asset restructuring project registration marks the official landing of the registration system for mergers and acquisitions of listed companies on the ChiNext.

　　Public information shows that the first major asset restructuring project on the ChiNext under the registration system, from July 9th to the completion of the review and registration process, took only 92 days.

　　The registration approval documents show that the China Securities Regulatory Commission agreed to Chutian Technology to issue 39,883,500 shares to Changsha Chutian Investment Group Co., Ltd. (hereinafter referred to as "Chutian Investment"), and ") The registration application for the issuance of 21.305 million shares and the issuance of 500,000 convertible corporate bonds to Chutian Investment to purchase related assets.

At the same time, the China Securities Regulatory Commission agreed to the registration application that Chutian Technology issued shares to raise supporting funds not exceeding 340 million yuan and issuing convertible corporate bonds to raise supporting funds not exceeding 60 million yuan.

Chutian Technology intends to purchase from Chutian Investment and Surging Investment its 890,000 registered capital of Chutian Asset Management through non-public issuance of shares, convertible bonds and payment of cash. Control 66.25% of the equity.

　　Before the transaction, Chutian Technology already held 33.75% of Chutian Asset Management. After the transaction, Chutian Technology held 100% equity of Chutian Asset Management and indirectly held 97.37% of Romaco's equity, realizing the acquisition of Romaco. The company controls and incorporates it into the scope of consolidated statements.

　　Public data shows that Romaco is a global pharmaceutical equipment company with sales covering many countries and regions. Its customers are mainly in Europe, and at the same time, it covers the Asia-Pacific region, the Americas and Africa.

In 2017, Chutian Asset Management acquired Romaco.

From 2017 to 2019, Romaco's operating income was 140 million euros, 144 million euros and 163 million euros, and net profits were -1.9269 million euros, 3.0239 million euros, and 807.02 euros.

　　According to Wind data, Chutian Technology has now become one of the major companies in the world's medical equipment industry.

The company's main business is the research and development, design, production, sales and service of liquid pharmaceutical equipment.

Since its establishment, it has been committed to providing professional and personalized pharmaceutical equipment solutions for pharmaceutical companies. It is a leading domestic pharmaceutical equipment manufacturer and a representative company in my country that replaces imported pharmaceutical equipment products.

　　In terms of performance, from 2017 to 2019, operating income was 1.280 billion yuan, 1.632 billion yuan and 1.916 billion yuan, and net profits were 160 million yuan, 41 million yuan, and 47 million yuan, respectively.

　　It is reported that the implementation of the registration system for major asset reorganizations of listed companies on the Growth Enterprise Market is an important part of promoting the reform of the Growth Enterprise Market and piloting the registration system.

On June 12, 2020, the China Securities Regulatory Commission issued the Measures for the Continuous Supervision of Listed Companies on the ChiNext Board (for Trial Implementation), and the Shenzhen Stock Exchange issued the “Regulations for the Review of Major Asset Reorganizations of Listed Companies on the ChiNext Board of the Shenzhen Stock Exchange”, clarifying the merger and acquisition of listed companies on ChiNext Regarding the reorganization of the registration system, the Exchange will review the application materials and submit it to the Securities Regulatory Commission for registration after approval. After receiving the review opinions and other relevant documents submitted by the Exchange, the Securities Regulatory Commission will apply for registration of listed companies within 5 working days. The decision to register or not to register.

　　The Securities Regulatory Commission stated that in the next step, it will give full play to the role of market mechanisms, continue to optimize processes, improve regulatory services, and support listed companies to grow their main businesses through mergers and acquisitions and reorganizations, to become better and stronger, to improve quality, and to better serve the real economy.

　　(This article is from The Paper. For more original information, please download the "The Paper" APP)

　　The Paper, reporter Tian Zhongfang