603985: Announcement of the Online Roadshow for the Initial Public Offering of Hengrun Shares
Release time:
2017-04-20
Jiangyin Hengrun Heavy Industry Co., Ltd. (hereinafter referred to as the “Issuer,” “Hengrun Shares,” or the “Company”) has received approval from the China Securities Regulatory Commission under Document No. [2017]527 for its application to issue, in its initial public offering, no more than 20 million shares of Renminbi common stock (A-shares) (hereinafter referred to as the “Offering”).
Jiangyin Hengrun Heavy Industry Co., Ltd.
Announcement of the Online Roadshow for the Initial Public Offering of Shares
Sponsor (Lead Underwriter): Zhongde Securities Co., Ltd.
Jiangyin Hengrun Heavy Industry Co., Ltd. (hereinafter referred to as the “Issuer,” “Hengrun Shares,” or the “Company”) has received approval from the China Securities Regulatory Commission under Document No. [2017]527 for its application to issue, in its initial public offering, no more than 20 million shares of Renminbi common stock (A-shares) (hereinafter referred to as the “Offering”).
This offering will be conducted via an online subscription based on market capitalization pricing (hereinafter referred to as the “online offering”). All shares will be issued to the general public investors through the online channel, with no offline bookbuilding or allocation process involved. The offering price is RMB 26.97 per share, and the number of shares offered online is 20 million, accounting for 100% of the total offering volume. There are significant changes in the offering process, including the subscription and payment procedures. Investors are advised to pay close attention to these changes.
1. This offering will be conducted via direct pricing, with all shares being issued to the general public investors through online channels, without any offline bookbuilding or allocation process.
2. Investors do not need to pay the subscription funds when placing online subscriptions on April 24, 2017 (T-day).
The online subscription period for this offering is April 24, 2017 (T-day). Online subscriptions can be placed from 9:30 a.m. to 11:30 a.m. and from 1:00 p.m. to 3:00 p.m.
3. Online investors shall independently express their subscription intentions and may not fully delegate the subscription of new shares to securities companies.
4. After being selected in the online subscription for new shares, online investors shall fulfill their fund settlement obligations according to the "Announcement on the Results of the Lottery for the Online Pricing Issuance of the Initial Public Offering of Shares by Jiangyin Hengrun Heavy Industry Co., Ltd.", ensuring that their fund accounts have sufficient funds for the subscription of new shares by the end of the day on April 26, 2017 (T+2 day). Any shortfall will be deemed as a waiver of the subscription, and the investor shall bear all consequences and related legal liabilities arising therefrom. The remittance of investor funds shall comply with the relevant regulations of the securities company where the investor is located.
The shares that the winning investors have waived will be underwritten by Zhongde Securities Co., Ltd. (hereinafter referred to as the “Sponsor (Lead Underwriter)”).
5. If the number of shares subscribed by online investors falls below 70% of the total number of shares to be publicly offered, the sponsor (lead underwriter) will suspend the new share offering and disclose information regarding the reasons for the suspension and the subsequent arrangements.
6. If an online investor fails to fully pay for shares after being allocated them three times within any consecutive 12-month period, they will be barred from participating in new share subscriptions for six months.
To help investors better understand the issuer’s relevant information and the arrangements for this offering, the issuer and the sponsor (lead underwriter), Zhongde Securities Co., Ltd., will hold an online roadshow for this offering.
I. Online Roadshow Time: April 21, 2017 (Friday), 2:00 PM - 5:00 PM.
II. Online Roadshow Website: SSE Roadshow Center: http://roadshow.sseinfo.com
China Securities Journal: http://roadshow.cnstock.com
III. Participants: Key members of the issuer’s board of directors and management, as well as relevant personnel from the sponsor (lead underwriter), Zhongde Securities Co., Ltd. The summary of the prospectus for the initial public offering of Jiangyin Hengrun Heavy Industry Co., Ltd. has been published in the China Securities Journal, the Shanghai Securities Journal, the Securities Times, and the Securities Daily on April 20, 2017. The full text of the prospectus and supporting documents for this offering can be accessed on the website of the Shanghai Stock Exchange (http://www.sse.com.cn).
Issuer: Jiangyin Hengrun Heavy Industry Co., Ltd.
Sponsor (Lead Underwriter): Zhongde Securities Co., Ltd.
April 20, 2017
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