Venture(US:VEMLY) Zheng Quan Zhi Xing·2025-06-08 13:14Core Viewpoint - Xinhenghui Electronics Co., Ltd. has received approval for its initial public offering (IPO) of A-shares on the ChiNext board, with the underwriting led by Founder Securities [1][2]. Group 1: IPO Details - The company plans to issue a total of 59.88867 million shares, representing approximately 25% of the total post-issue share capital of 239.555467 million shares [1]. - The initial strategic placement will consist of 11.977773 million shares, accounting for 20% of the total issuance [2]. - The offline initial issuance quantity is set at 33.538094 million shares, which is about 70% of the remaining shares after the initial strategic placement [3]. Group 2: Investor Participation - Senior management and core employees are expected to participate in the strategic placement with a maximum subscription of 5.988886 million shares, not exceeding 100 million yuan [2]. - Other strategic placement investors will collectively subscribe for an amount not exceeding 100 million yuan [2]. - The final allocation of shares for strategic placement will be adjusted based on the established reallocation mechanism [2][3]. Group 3: Issuance Process - The issuance will combine strategic placement, offline inquiry-based placement, and online pricing for public investors holding non-restricted A-shares [1]. - The final numbers for offline and online issuance will be confirmed based on the reallocation situation and will be published in the preliminary allocation results announcement on June 13, 2025 [3].