Alpha Holdings terminated its IPO: It had been put on hold for 3 years due to the participation of a number of former officials of the China Securities Regulatory Commission, and now it has completed its journey to the Shanghai Stock Exchange, and one of the private equity funds complained about the negative review of the China Securities Regulatory Commission
According to the website of the Shanghai Stock Exchange, Zhejiang Mingtai Holdings terminated its IPO, which is a controversial landmark company, which shows that the blade inward said by the new village chief is not fake, and should be able to enhance investor confidence.
1. Zhejiang Mingtai applied for IPO as early as 2020, everything went well, and on January 21, 2021, Zhejiang Mingtai successfully passed the meeting of the Issuance Examination Committee of the former Securities Regulatory Commission before the full registration system.
2. After the meeting, Zhejiang Mingtai was picked up by the media to find out the fact that a number of former officials of the China Securities Regulatory Commission had joined the shares. And then I never got my pass. After knowing the full registration system, it was transferred to the main board of the school, and then it was terminated.
3. On the evening of April 19, 2021, the China Securities Regulatory Commission issued a document stating that it would comprehensively investigate the enterprises under review, and strictly review and check the shares of those who have left the system.
4. On March 36, 2024, the China Securities Regulatory Commission (CSRC) held a systematic and comprehensive party governance and discipline inspection and supervision work conference, stating that it would "focus on eradicating the soil and conditions for corruption in the capital market to promote the anti-corruption struggle in depth, further promote the special governance of corruption in the field of securities issuance and review, and remediate the "revolving door" and "escape" resignation corruption cases of politics and business, increase the rapid disposal of new types of corruption and hidden corruption, promote all-round and strict punishment of bribery in the capital market, and accelerate the construction of an industry culture of integrity, honor and shame. ”
5. Interestingly, as a private equity fund invested in Zhejiang Mingtai, Wenzhou Ourui has just recently issued a public article, complaining about the negative review of the CSRC, believing that there is no problem with the CSRC's personnel investing in shares, which is a fuss from the media. How to look at it objectively.
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浙江明泰终止IPO 保荐人是浙商证券
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As early as 2021, it passed the issuance review meeting
On January 21, 2021, the Issuance Examination Committee of the China Securities Regulatory Commission held the 11th issuance examination meeting in 2021. The audit results show that the initial offering application of Alpha shares was approved.
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A number of former officials of the China Securities Regulatory Commission have invested in the shares
In June 2019, Mingtai Co., Ltd. went through the counseling registration with the Zhejiang Securities Regulatory Bureau, and Zheshang Securities was its counseling agency, and its IPO process was officially launched.
Only three months later, on September 16, 2019, Mingtai Co., Ltd. held the third extraordinary general meeting of shareholders in 2019, deliberated and approved the proposal on the company's introduction of investors and increase the registered capital and amendment of the company's articles of association, and agreed to introduce Pingyang Puming Equity Investment Partnership (Limited Partnership) (hereinafter referred to as Pingyang Puming), Wenzhou Ourui Equity Investment Partnership (Limited Partnership) (hereinafter referred to as Wenzhou Ourui), Ningbo Tongtaixin Venture Capital Partnership (Limited Partnership) (hereinafter referred to as Ningbo Tongtaixin), Ningbo Tongyuan Youbo Venture Capital Partnership (Limited Partnership) (hereinafter referred to as Ningbo Tongyuan Youbo), Anhui Senyang Xinrui Investment Management Partnership (Limited Partnership), Hefei Fengderui High-tech Industrial Investment Partnership (Limited Partnership) and other 6 new private equity institutional shareholders.
These new shareholders have extraordinary backgrounds, and there are many resignations from the securities regulatory system who are hidden among them. A total of 23,556,270 new shares of Alpha were subscribed in the form of currency, and the capital increase price was 10 yuan per share. Based on the simple calculation that Mingtai shares plan to issue 40.5 million shares and successfully raise 920 million yuan, its issue price is about 22.7 yuan. After the listing of Alpha shares, the above six new shareholders are expected to make a book profit of about 300 million yuan.
According to public information, among the six new shareholders, Pingyang Puming, its executive partner is Hangzhou Zhipu Investment Management Co., Ltd. (hereinafter referred to as Hangzhou Zhipu), and the legal representative of Hangzhou Zhipu is Ni Yifan, who was the deputy director of the inspection department of the Zhejiang Securities Regulatory Bureau. Hangzhou Zhipu Ni Yifan was established in 2015 after leaving the Zhejiang Securities Regulatory Bureau, with a shareholding ratio of 40%.
What's more striking is that Tianyancha data shows that Binh Duong Puming was established on September 16, 2019. This time is the same day as the third general meeting of shareholders of Mingtai shares in 2019. In the eyes of the outside world, the establishment of this institution is specifically to share the feast of Mingtai shares IPO wealth.
In addition, among the other shareholders of Mingtai shares, the executive partner of Wenzhou Ourui is Hangzhou Zhaoheng Investment Management Co., Ltd. (hereinafter referred to as "Hangzhou Zhaoheng"), and the actual controller of Hangzhou Zhaoheng is Xue Qingfeng, a former employee of the Zhejiang Securities Regulatory Bureau, who has served in the second listing department of the Zhejiang Securities Regulatory Bureau for three years.
Behind Ningbo Tongtaixin and Ningbo Tongyuan Youbo is Song Xinchao, a former member of the issuance examination committee of the China Securities Regulatory Commission, who served as a full-time member of the 12th and 13th main board issuance examination committee of the China Securities Regulatory Commission from May 2010 to May 2012.
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A large number of individual and private shareholders
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Ourui complained about the Securities and Futures Commission