Veken Elite's issuance of shares to purchase assets was conditionally approved by the Mergers and Acquisitions Restructuring Committee
2017-05-24
On May 24, 2017, according to the review results of the 25th meeting of the China Securities Regulatory Commission's Listed Company Merger and Acquisition Review Committee in 2017, Ningbo Veken Elite Group Co., Ltd. (issuing shares to purchase assets) was conditionally approved. For details, please see the "Announcement of the Review Results of the 25th Meeting of the Merger and Acquisition Restructuring Committee in 2017" http://www.csrc.gov.cn/pub/zjhpublic/G00306207/201705/t20170524_317274.htm
Announcement of the Review Results of the 25th Meeting of the Merger and Acquisition Restructuring Committee in 2017
The 25th meeting of the China Securities Regulatory Commission's Listed Company Merger and Acquisition Restructuring Review Committee in 2017 was held on the morning of May 24, 2017. The results of the meeting review are announced as follows:
1. Review results
Chongqing Jianfeng Chemical Co., Ltd. (issuing shares to purchase assets) was conditionally approved
Zhuhai Century Dingli Technology Co., Ltd. (issuing shares to purchase assets) was unconditionally approved
Ningbo Veken Jinghua Group Co., Ltd. (issuing shares to purchase assets) was conditionally approved
2. Review opinions
1. The review opinion on the asset purchase plan of Chongqing Jianfeng Chemical Co., Ltd. is:
Please ask the applicant to further explain whether there is an affiliated relationship or concerted action relationship between Huayi Group and Bohai Fund, and whether the lock-up period arrangement of the shares held by Bohai Fund complies with relevant regulations. Please ask independent financial advisors and lawyers to verify and express clear opinions.
2. The review opinion of Ningbo Veken Jinghua Group Co., Ltd. on the asset purchase plan is: Please ask the applicant to further disclose whether Yang Longyong and the listed company's controlling shareholder and actual controller constitute a concerted action relationship, and whether Yang Longyong's lock-up period arrangement complies with relevant regulations. Please ask independent financial advisors and lawyers to verify and express clear opinions.
Please Chongqing Jianfeng Chemical Co., Ltd. and Ningbo Veken Jinghua Group Co., Ltd. implement them item by item, and submit the relevant supplementary materials and revised reports to the Listed Company Supervision Department within 10 working days.
Listed Company Supervision Department
May 24, 2017