Xinhua News Agency, Beijing, April 1st. China Securities Journal published an article on the 1st, “The first stock listed on the transfer board is released, and Guandian Defense is approved to be listed on the Science and Technology Innovation Board.” The article said that on March 31, the Shanghai Stock Exchange issued a decision on the transfer of Guandian Defense to the Science and Technology Innovation Board, marking the release of the first shares to be listed on the transfer board.
Guandian Defense is one of the first listed companies on the Beijing Stock Exchange. Experts believe that the successful transfer of Guandian Defense is of great significance to the construction of the capital market. As the first company to realize the transfer of the board at the practical level, it has become a demonstration case of effective connection between my country’s multi-level capital markets, making the multi-level capital market truly effective. become an organic whole. At the same time, this case provides a new reference example for high-quality small and medium-sized enterprises to achieve development through the capital market, exerting the demonstration effect of leading enterprises, and helping to further stimulate the vitality of the market.
(Photo description) Data map, issued by Xinhua News Agency
The reason why Guandian Defense can become the “first share of the A-share market” is closely related to its capital path. Regarding the reasons for applying for the transfer, Gao Ming, chairman of Guandian Defense, said that, first of all, the company has further developed and expanded its business through the public offering and financing of the selected layer, meeting the requirements for the transfer of the Science and Technology Innovation Board. Secondly, the company pays more attention to the clustering effect of hard technology companies on the Sci-Tech Innovation Board, and ample capital liquidity can further demonstrate corporate value and improve future financing efficiency. Third, the Science and Technology Innovation Board can further enhance the reputation of enterprises, help enterprises to further attract talents, and enhance the overall competitiveness of the market.
This time, it took 99 days from the submission of the application for the transfer of the Science and Technology Innovation Board to the successful meeting; from the official acceptance to the successful meeting, it lasted 78 days, of which the review took only 36 days.
“The Shanghai Stock Exchange issued a decision on the transfer of Guandian Defense to the Science and Technology Innovation Board, and the company will be listed directly next.” An industry insider familiar with the review and issuance process said.
According to Zhao Liang, head of the Growth Enterprise Financing Department of CITIC Securities and representative of Guandian Defense sponsorship, he has participated in sponsoring a number of companies to list on the Sci-tech Innovation Board. Pay attention to the company’s scientific and technological innovation attributes and production and operation conditions after public issuance, and will not repeat the inquiry about the company’s historical evolution, accounting policies and other conventional issues that have been concerned when the selection layer was listed. Inquiry questions highlight the importance and pertinence, which not only avoids repeated disclosure by enterprises, but also involves the disclosure of important information to facilitate investors’ decision-making. In addition, according to the requirements of the regulatory authorities, the disclosure of major events and other contents is easier to understand, which further improves the quality of information disclosure.
Zhao Liang said that the Shanghai Stock Exchange has greatly improved the audit efficiency through multiple rounds of written and on-site inquiries. Especially during the epidemic, the review of the first order transfer board was so fast, which reflected the work paradigm of “opening the door for review”. (over)Return to Sohu, see more
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