Core Viewpoint - The Shanghai Stock Exchange has decided to terminate the review of Zhejiang Shenghua Yunfeng New Material Co., Ltd.'s application for an initial public offering (IPO) and listing on the main board [1][3]. Company Overview - Yunfeng New Material primarily engages in the design, research and development, production, and sales of indoor decorative materials and customized home products, including artificial boards, wooden floors, engineered wood, wardrobes, cabinets, and wooden doors [3][4]. - As of the signing date of the prospectus, Zhejiang Shenghua Holding Group Co., Ltd. directly holds 56.13% of the company's shares and controls an additional 7.37% through Runfeng Investment, resulting in a total control of 63.50% of the shares [3][4]. IPO Details - The company initially planned to issue no more than 31.6667 million shares on the Shanghai Stock Exchange and aimed to raise approximately 1.2493970 billion yuan for projects including intelligent whole-house customization, R&D center upgrades, and brand channel development [4][5]. - The total investment for the intelligent whole-house customization project is estimated at 1.1031954 billion yuan, with the R&D center upgrade project requiring 100.2016 million yuan, and the brand channel development project needing 46 million yuan [5]. Sponsorship Information - The sponsor for Yunfeng New Material's IPO was Dongxing Securities Co., Ltd., with representatives Wang Hua and Lin Suqin [5].
云峰新材终止沪市主板IPO 原拟募12.5亿东兴证券保荐