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Original title: IPO inquiry is now 960 yuan “Oolong” sky-high price,Western SecuritiesAn asset management plan was pulled into the “blacklist” for a month
Reporter | Wang Xin
Western Securities (002673.SZ), an asset management plan, was pulled into the “blacklist” for IPO placement for one month due to a low-level mistake in the process of inquiry.
On May 11, the Securities Association of China announced that the Western Securities Ruihe No. 1 collective asset management plan violated relevant regulations during the offline inquiry process of the issuance project of the new stock “Smartway” (688213.SH) on the Science and Technology Innovation Board. The placement objects are included in the restricted list of stock placement objects from May 12 to June 11.
The asset management plan was pulled into the “blacklist” mainly because of the sky-high price. According to Jiemian News, in the process of Smartway’s inquiry, the price given by Western Securities’ Ruihe No. 1 collective asset management plan was as high as 960 yuan, and Smartway’s issue price was only 31.51 yuan per share, which was higher than the issue price. out nearly 30 times. Among all the quotations, the quotations higher than 43.12 yuan/share will be excluded. Above this price, 85 yuan/share and 60.9 yuan/share are also included. In contrast, the “sky price” of 960 yuan/share is abnormal. garish.
On May 10, a relevant person from Western Securities said that the quotation was wrong due to mistakes in trading operations.“The original subscription price was 30 yuan, and the number of shares subscribed was 9.6 million shares. However, due to operational errors, the final price was 960 yuan and 300,000 shares were subscribed, which happened to be reversed.”
According to the China Securities Association, the “Regulations on the Management of Offline Investors in Initial Public Offerings under the Registration System” clearly stipulate that corners A and B should be set up in the main operational links, and a review mechanism should be set up in important operational links. The quotation “should be quoted according to the recommended price or price range given in the internal research report, and in principle shall not exceed the recommended price range of the research report”, “the asset management plan violates the above provisions.”
Regarding the penalty imposed by the China Securities Association, a relevant person from Western Securities told Jiemian News: “The company will actively rectify and hold relevant people accountable. The company has a sincere attitude and attaches great importance to this matter.”
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Responsible editor: Zhang Yi