SFC: 637 IPO Queuing Enterprises, 589 Enterprises To Suspend Censorship

< p > with the early disclosure deadline in late June, the queuing situation of IPO enterprises is changing.

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Statistics show that, as of July 1st, the SFC has accepted and completed 637 pre launch enterprises, including 40 enterprises, and 589 of the 597 enterprises that have not yet met. As a result of July 1st, 589 of the 597 enterprises failed to review because of the financial data exceeding the validity period, the change of intermediaries and relevant signatories, and the investigation of intermediary agencies by P.

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< p > in the 597 enterprises that had not yet passed, only 8 enterprises were under normal audit status, and 589 enterprises had stopped censorship.

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< p > in the 589 enterprises that have stopped censorship: < /p >

< p > - the 568 companies temporarily suspend the review because of < a href= "http:// www.sjfzxm.com/news/index_cj.asp" > financial data < /a > exceeding the validity period. Some enterprises will resume the queuing audit according to the procedure after the financial information is reported.

According to the regulations, the financial information has expired and has not been updated after 3 months overdue, it will terminate the examination; < /p >

< p > - 11 temporary suspension of the examination due to changes in the intermediary and related signatories, and the queuing audit will be resumed according to the procedure after the completion of the change of the intermediaries and the relevant signatories; < /p >

< p > - 10 enterprises are discontinued due to the fact that the intermediary institutions are restricted by the practice of the CSRC's investigation and other practices. Whether such enterprises will resume their examination depends on the time when their intermediary's practice is limited.

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< p > and for the 40 companies that have already passed the a href= "http:// www.sjfzxm.com/news/index_cj.asp" > Enterprise < /a >, according to the relevant regulations and past practices of the first round measures, the validity period of their financial information can be extended for 1 months. If the prospectus is not published within the validity period after the extension, the financial information must be updated in time, and the materials for the meeting will be submitted according to the regulations.

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< p > it is reported that the enterprises that have suspended the review must submit an application for restoration review when updating the financial information, and the review can be resumed after the SFC performs the legal procedures.

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< p > except for enterprises that are still in the process of queuing up, as of now, 129 enterprises have been terminated in this year's beginning.

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< p > there were 97 enterprises that withdrew the application voluntarily, and 32 first out enterprises failed to submit pre disclosure materials according to the relevant rules, and the financial information in the application documents exceeded the validity period for 3 months and was terminated.

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< p > yesterday, the SFC issued a "verification and approval process for issuing initial public offerings and application for enterprises" of the Ministry of supervision, and detailed disclosure of enterprises in different auditing processes.

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