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Huanyang shares terminates the IPO of Science and Technology Innovation Board!

 Last Update: 2021-04-18
 Source: Internet
 Author: User

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According to news from the official website of the SSE Science and Technology Innovation Board on April 6, the Shanghai Stock Exchange decided to terminate the initial public offering of Ningbo Huanyang New Materials Co.
, Ltd.
and its listing on the Science and Technology Innovation Board.

On April 1, 2021, Huanyang shares and the sponsor Anxin Securities submitted to the Shanghai Stock Exchange the "Application Documents of Ningbo Huanyang New Materials Co.
, Ltd.
Regarding the Withdrawal of the Initial Public Offering and Listing on the Sci-tech Innovation Board" and the "Anxin Securities Co.
, Ltd.
's application for withdrawing the application documents for Ningbo Huanyang New Materials Co.
, Ltd.
's initial public offering and listing on the Science and Technology Innovation Board.

In accordance with the relevant provisions of Article 67 of the "Shanghai Stock Exchange Science and Technology Innovation Board Stock Issuance and Listing Review Rules", the SSE decided to terminate the review of Huanyang's initial public offering and listing on the Science and Technology Innovation Board .
com" href="">Coatingol.
com .

Huanyang Co.

, Ltd.

The company's customers are mainly epoxy resin manufacturers and chemical product traders.

The sales revenue of the company's top five customers accounted for 74.

The relative concentration of Huanyang's customers is mainly due to the fact that the company's production capacity is limited.

After meeting part of the needs of direct customers such as Baling Petrochemical, Hongchang Electronics, and Guodu Chemical, the remaining capacity is limited.

Huanyang Co.

, Ltd.

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