Core Viewpoint - Xin Heng Hui Electronics Co., Ltd. has received approval for its initial public offering (IPO) and listing on the ChiNext board, with the application reviewed by the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission [2][3]. Group 1: IPO Process - The IPO process includes online and offline subscription periods, with offline subscription from 9:30 to 15:00 and online subscription from 9:15 to 11:30 and 13:00 to 15:00 on June 11, 2025 [3][19]. - Investors are required to register and submit verification materials by 12:00 on June 4, 2025, to participate in the offline subscription [3][10]. - The strategic placement involves senior management and core employees participating through a special asset management plan, along with other investors [5][22]. Group 2: Subscription Details - The minimum subscription quantity for offline investors is set at 1.5 million shares, with increments of 100,000 shares thereafter [8]. - The total number of shares offered in this IPO is approximately 59.89 million, accounting for a certain percentage of the total share capital post-issue [22]. - Online investors must hold a minimum average market value of 10,000 yuan in non-restricted A-shares to qualify for subscription [18]. Group 3: Pricing and Allocation - The pricing for the IPO will be determined based on the results of the preliminary inquiry, with a focus on the median and weighted average of bids from offline investors [14][15]. - The final issuance price will be set after excluding the highest bids, ensuring that the price aligns with the market valuation of comparable companies [14][15]. - A maximum of 3% of the highest bids will be excluded from the final pricing determination [13][14]. Group 4: Compliance and Regulations - Offline investors must adhere to industry regulations and ensure that their subscription amounts do not exceed their asset scale [9][13]. - The underwriting process will be overseen by the lead underwriter, with compliance checks conducted by legal advisors [15]. - Investors are required to provide accurate asset scale reports to ensure their bids are valid and compliant with regulations [11][12].
新恒汇: 首次公开发行股票并在创业板上市提示公告