AMOS FOOD Receives CSRC Supplementary Filing Requirements for Overseas Listing; Focus on Historical Shareholding Nominee Arrangement Verification & Approval Progress of Overseas Fund-raising Projects

NewTimeSpace News: Amos Food (Group) Co., Ltd. recently received supplementary material requirements from the China Securities Regulatory Commission (CSRC) in relation to its filing application for overseas securities offering and listing. The Company is required to engage legal counsel to conduct verification and issue clear legal opinions covering multiple matters, including pricing rationality of capital increases and equity transfers, existence of historical shareholding nominee arrangements, fairness of share subscriptions by new shareholders in the latest 12 months, whether business scopes involve sectors subject to foreign investment restrictions, foreign exchange and investment compliance of overseas subsidiaries, progress of approval and filing procedures for overseas fund-raising projects, as well as the title status of shares held by shareholders participating in the full circulation scheme.

1、Equity Changes and Historical Development. It is required to elaborate on the consideration amount and pricing basis for each capital increase and equity transfer, whether there exists abnormal subscription price and benefit transfer, whether capital contributions have been fully paid, and any circumstances including unpaid capital contributions or capital withdrawal; whether any shareholding nominee arrangements existed during the historical development; and render conclusive opinions on the lawfulness and compliance of the Company’s incorporation and all previous equity changes.

3、Foreign Investment Compliance. Illustrate whether the business scope and actual operations of the Company and its subsidiaries involve sectors restricted or prohibited for foreign investment, and whether continuous compliance with foreign investment access requirements can be maintained after the proposed offering, listing and full circulation implementation; specify the implementation status of regulatory procedures including overseas investment and foreign exchange administration applicable to overseas subsidiaries; and update progress of approval and filing formalities for overseas fund-raising projects under overseas investment regulations.

×
Share to WeChat

Open WeChat, use the "Scan", and share to my Moments.