but as far as I understand it, this is big news
Russia informed: China and Russia signed!
Open APP
Toutiao homepagetext
APP download
Jihai Resources, from Yantai, Shandong, went public in Hong Kong and received the "Registration Notice" from the China Securities Regulatory Commission, and was exclusively sponsored by Chuangsheng Capital
RyanbenCapital 2023-10-24 13:35
Go to the App to listen to the voice broadcastOpen APP
According to the new overseas listing filing regulations for domestic companies that will take effect on March 31, 2023, companies choose to list H shares in Hong Kong , and the original big and small roadblocks have become history. Companies that want to list overseas can directly submit a prospectus, and the major roadmap will be replaced by a "filing notice".
On October 23, the International Cooperation Department of the China Securities Regulatory Commission issued a notice on the overseas issuance and listing filing notice of Persistence Resources Group Ltd (Jihai Resources Group Co., Ltd.) (Guohehan [ 2023] No. 1551). According to the overseas listing filing status table issued by the China Securities Regulatory Commission , the filing type of Jihai Resources is indirect overseas listing , the filing subject is Yantai Zhongjia Mining Co., Ltd., and the filing acceptance date is June 13, 2023. Chuang Sheng Capital is its sole sponsor, and Jincheng Tongda is its domestic lawyer.
The details of the filing notice are as follows:
Persistence Resources Group Ltd (Jihai Resources Group Co., Ltd.):
The filing materials for your company’s overseas issuance and listing have been received. In accordance with the Securities Law of the People's Republic of China and the Trial Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises, the China Securities Regulatory Commission will notify the filing matters as follows:
1. Your company plans to issue no more than 575,000,000 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange.
2. From the date of issuance of the filing notice to the end of this overseas issuance and listing, if a major event occurs in your company, it should be reported through the China Securities Regulatory Commission’s filing management information system in accordance with the relevant regulations on overseas issuance and listing of domestic enterprises.
3. Within 15 working days after your company completes overseas issuance and listing, it should report the issuance and listing status through the China Securities Regulatory Commission’s filing management information system. Your company should strictly abide by relevant domestic and overseas laws, regulations and rules during its overseas issuance and listing process.
4. If your company has not completed overseas issuance and listing within 12 months from the date of issuance of this filing notice and plans to continue to promote it, it should update the filing materials.
This filing notice only confirms the company’s overseas issuance and listing filing information. It does not indicate that the China Securities Regulatory Commission has made a substantive judgment or guarantee on the investment value of the company’s securities or the income of investors, nor does it indicate that the China Securities Regulatory Commission has made any judgment on the company’s filing materials. The authenticity, accuracy and completeness are guaranteed or confirmed.
International Cooperation Department of China Securities Regulatory Commission
October 20, 2023
According to the listing rules of the Hong Kong Stock Exchange , companies need to submit a "filing notice" at least 4 business days before the hearing approval date, which means that Jihai Resources has obtained the prerequisites for the Hong Kong listing hearing, or may soon be listed on the Hong Kong Stock Exchange. Listing hearing conducted.
Jihai Resources submitted a prospectus on the Hong Kong Stock Exchange on May 22, 2023. Its main listing intermediary team includes: Chuang Sheng Capital as its sole sponsor and overall coordinator; Ernst & Young as its auditor; Jincheng Tongda and Li Weibin as the company's Chinese lawyers and the company's Hong Kong lawyers respectively; Dacheng and He Wei respectively It serves as its securities firm's Chinese lawyer and securities firm's Hong Kong lawyer; SRK Consulting is its qualified person; Frost and Sullivan is its independent industry consultant.
Jihai Resources , established in 2005, is agoldexploration, mining and processing company that sells gold ingots made from gold concentrate processed by the company. According to the Frost & Sullivan Report, Jihai Resources will be the third largest gold mining company in Shandong Province in 2022 in terms of mine output, with a market share of 2.6%. Jihai Resources operates two operating gold mines and a concentrator with an annual ore processing capacity of approximately 2 million tons. According to the SRK report, as of December 31, 2022, the total probable ore reserves, controlled ore resources and inferred ore resources of Jihai Resources were approximately 23.275 million tons, 35.95 million tons and 39.72 million tons respectively.
Jihai Resources prospectus link:
https://www1.hkexnews.hk/app/sehk/2023/105403/documents/sehk23052201133.pdf
Copyright statement: For all original articles by Ryanben Capital, please contact us for authorization to reprint, and indicate the source, author, and WeChat ID at the beginning/end of the article, otherwise Ryanben Capital will pursue legal responsibility. Some articles failed to contact the original author or public account platform when they were pushed. If there are any copyright issues, please contact us.
For more information on overseas IPOs such as Hong Kong listings and US listings , please visit: www.ryanbencapital.com