More Than 10 Enterprises Have Been Sealed Up For Notice, Waiting For IPO To Start Firing.

< p > < strong > sealing volume is not equal to immediately issuing < /strong > < /p >.

< p > "our project has sealed up and reported the distribution plan. Now we will wait for the release of the approval."

A a href= "http://www.91se91.com/news/index_c.asp" > Listing < /a > a brokerage firm said that according to the issuance process of the securities and Futures Commission, sealing the volume is the last third steps in the ten major issuing links. After that, it is necessary to go through the process of examining and approving after the event, issuing approval and so on.

But people in the industry generally regard seal volume as the last step before receiving approval.

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< p > it is understood that < a href= "http://www.91se91.com/news/index_c.asp" > issuing new shares < /a > the audit process is divided into 10 main links: acceptance, meeting, inquiry, feedback, pre disclosure, first trial meeting, trial committee, sealed book, post event and approved issuance.

The "seal up" link means that after the IPO meeting is approved by the SFC audit committee, if the enterprises do not need to implement the opinions of the issuance examination committee, the original filing of the application documents will be archived, that is, closing the volume.

If the enterprise needs to implement the opinions of the issuance examination committee, it is necessary for the CSRC to carry out the post event audit after sealing the volume, and then issue the approval and approve the issuance of the enterprise.

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< p > however, the closing of the volume can not be linked to the approval issued.

A senior investment bank in Shenzhen said that even if the book was sealed, it could also be replenished again. Everything was still subject to approval.

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< p > "according to the normal procedures in the past, IPO enterprises can generally get approval after about two weeks.

But the project we have completed has been closed for more than two weeks, and no approval has been issued.

An investment bank official said that there was no specific time limit from the closing up to the final approval of the issue. At present, many companies that have already completed the closure have not yet received the approval.

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"P", but also the "a href=" http://www.91se91.com/news/index_c.asp "http://www.91se91.com/news/index_c.asp" > investment bank "/a", said, also do not exclude the supervision department will suddenly send the approval of a point of time, "as long as the IPO project to meet the conditions of the listing, to obtain approval is only a matter of time."

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< p > < strong > the IPO window is close to < /strong > < /p >.

< p > "at present, the Shanghai and Shenzhen two exchanges are arranging the list of qualified investors for securities companies. According to the two exchange's judgment, the issue of new shares should be fast."

Another investment bank official said, "how fast is the specific issue frequency? We can not judge well."

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< p > the investment bank said that the enterprises that finished the sealing up work were using the data of last year's annual report.

If these enterprises can not get the approval issued in July 31st, they need to update the semi annual report this year and then seal it again.

"According to this process, it will be the fastest way to get approval in September, which will inevitably disrupt the plan that the regulatory authorities expect to issue about 100 new shares by the end of June," he said.

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< p > according to the latest data disclosed by the SFC website, as of May 15th, 36 listed companies have passed the trial meeting.

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