The "pig teammate" is miserable!Dozens of enterprises IPOs were suspended, and "the first stock of the car" was implicated

There was a tragic accident in the IPO.

In just a few days, dozens of IPO companies stopped review! Among them, the listing procedure of BYD semiconductor GEM has also been pressed for the "pause keys".

BYD semiconductor listing is "affected"

The GEM issuance listing audit information disclosure website showed on August 18 that the Shenzhen Stock Exchange suspended BYD semiconductor issuance and listing review.

Image source: GEM Release Listing Audit Information Disclosure Website

However, the accident was not the problem of BYD semiconductor itself, but was implicated.

His lawyer Beijing Tianyuan Law Firm was investigated by the Securities and Futures Commission, and in accordance with the relevant provisions of Article 64 of the "Shenzhen Stock Exchange GEM Stock Exchange and Listing Audit Regulations", he suspended its issuance and listing review.

Before being suspended, the road to listing of BYD semiconductor walked smoothly and quickly. In just over two months, it has completed the company's spin -off and two rounds of financing, and promotes the listing plan to the inquiry stage.

As early as April 2020, BYD stated that he intends to spin the semiconductor business alone, and the market highly recognizes BYD semiconductor. On December 30, 2020, BYD announced that the board of directors reviewed and approved the "Proposal on the Division of Listing and Listing for the Planning of a Holding subsidiary".

On May 11 this year, BYD released the spin -off listing plan and relevant organization counseling opinions. At that time, the special legal adviser of BYD spin -off BYD semiconductor to the GEM is a special legal adviser to listed on the GEM is Beijing Zhonglun (Shenzhen) Law Firm.

According to the plan, before and after spin -off, the equity structure of BYD semiconductor has not changed significantly. The controlling shareholder is 72.3%of BYD shares. The actual controller is the founder, chairman and president of BYD Wang Chuanfu. After the spin -off is completed, the financial status and profitability of BYD semiconductor will still be reflected in BYD's consolidated statements.

After the release of the spin -off plan, BYD semiconductor quickly completed two rounds of financing in less than two months. Among them, the A+round financing (800 million yuan) announced by the A+round of financing (800 million yuan) announced on June 15, which was announced on May 26, was only 20 days apart.

Among the newly introduced shareholders of round A financing, there are many well -known investment institutions such as Sequoia, CICC, and SDIC Innovation. A+round of capital attracted capitals include SMIC and BAIC's industrial capital.

After the completion of the two rounds of financing, BYD semiconductor's post -investment valuation has exceeded 10 billion yuan, up to 10.2 billion yuan.

By June 29, BYD semiconductor's GEM issuance and listing application have been accepted, and it has only been less than two months since the release of the spin -off listing plan. On July 25 this year, BYD semiconductor accepted the first round of inquiry.

Now, the key nodes of BYD semiconductor in the market sprint are stopped. I do n’t know if it will disrupt the listing rhythm of BYD semiconductor ...

Dozens of enterprise IPOs were forced to press the "Portal Key"

In fact, not only BYD semiconductor.

On August 18th, according to the information of the Shenzhen Stock Exchange's official website, 34 GEM plans to be listed to the listed company's review status to "suspend", because the issuer's lawyer Beijing Tianyuan Law Firm, or the issuer's evaluation agency Kaiyuan Asset Evaluation Co., Ltd. Or or the issuer's declared accountant ZTE Caiguan's accounting firm (special common partnership), or the publisher sponsor Hualong Securities Co., Ltd., was investigated by the China Securities Regulatory Commission. "

Among them, the number of enterprises influenced by Tianyuan Assets Evaluation Co., Ltd. is 17; the number of enterprises influenced by Beijing Tianyuan Law Firm is 15; the number of enterprises influenced by Hualong Securities and ZTE Caiguanghua Accountants is one.

Coincidentally, on August 20, eight science and technology boards also changed the state of review to "suspend". The suspension of the official website of the Shanghai Stock Exchange was "the relevant securities service agencies hired by the issuer were investigated by the China Securities Regulatory Commission." In fact, the Shanghai Stock Exchange also mentioned the above four intermediaries.

Or it is related to the Thunder of Lantashan Technology

At present, the website of the Securities Regulatory Commission has not disclosed the specific situation of the above four institutions being filed for investigation.

However, the above four institutions have previously been the securities service agency of the New Third Board Enterprise Lanshan Technology. Lanshan Technology is the first company investigated by the Securities Regulatory Commission for disclosure of illegal and violations due to the selection of information disclosure. Therefore, some people in the industry speculate that the IPO suspension of the storm or is related to the Thunderbolt of Lanshan Technology.

On August 20, a person close to Tianyuan Law Firm confirmed to the media the market speculation that "the Lan Mountain Technology project involves the relevant project team of Tianyuan Law Firm, and then the whole and other three intermediary agencies are involved. ","

Public information shows that Lanshan Technology was established in September 2005, mainly engaged in the research and development, production (foreign associations) and sales of optical transmission and access to network communication products. In June 2014, Lan Mountain Technology was listed on the New Third Board, entered the innovation layer two years later and continued until April 2020 applied for the listing selection layer.

At that time, Lan Mountain Technology seemed to be a sponsor, clubs, and law firms for the selection of the listing matters at that time. Report.

After the announcement of the selected layer listing plan, Lanshan Technology stocks were popular in the secondary market, and the stock price once rose to 6 yuan/share.

However, in October 2020, Lantashan Technology suddenly issued an announcement, stating that the basic households involved in the company and subsidiaries were frozen, the company and subsidiaries were included in the executing person, and the equity of the company held by the controlling shareholder was frozen. The subsidiaries and actual controller are restricted to high consumption, and the main business stops. By November 2020, Lantashan Technology announced that there were only two employees left, including the actual controller (concurrently the chairman and general manager) and the remaining employees, including the actual controller (concurrently chairman and general manager) and the financial director. On December 2, 2020, the CSRC announced that during the self -discipline review of the national stock transfer company and the on -site inspection of the CSRC, it was found that the realism of the Lantashan science and technology information disclosure was doubtful. "In relevant regulations, the Securities Regulatory Commission launched a case investigation on Lanshan Technology in accordance with the procedures.

On August 11, 2021, Lantashan Technology's "Announcement on the Progress of the Progress of the Risk Reminder of the Stock Existence of Company Stocks" reminded that the company is still in a state of pause due to major lawsuits. Starting on May 6, 2021.

During the investigation, the Securities and Futures Commission found that the four intermediaries of Tianyuan Law Firm, Tianyuan Evaluation, ZTE, and Hualong Securities did have unforgettable responsibilities.

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