Core Viewpoint - Zhejiang Jinhua New Materials Co., Ltd. has been approved for IPO by the Beijing Stock Exchange, marking it as the 31st company to pass the review this year, with a focus on fine chemical products [1][2]. Company Overview - Jinhua New Materials specializes in the research, production, and sales of ketoxime series fine chemicals, including silane crosslinking agents, hydroxylamine salts, methoxyamine hydrochloride, and acetaldehyde oxime [1]. - The company is controlled by Juhua Group Co., Ltd., which holds 82.49% of its shares, while the actual controller is the Zhejiang Provincial State-owned Assets Supervision and Administration Commission, owning 90% of Juhua Group [2]. IPO Details - Jinhua New Materials plans to publicly issue up to 32,666,667 shares, ensuring that public shareholders will hold at least 25% of the total share capital post-IPO [2]. - The IPO aims to raise approximately 593 million yuan (59,300.25 million) for projects including a 60kt/a high-end coupling agent project, a 500 tons/year JH-2 pilot project, and the construction of a ketoxime industry chain smart factory [3]. Review and Inquiry - The review meeting raised inquiries regarding the authenticity of operating performance, independence from the controlling shareholder, and compliance with environmental regulations [5].
锦华新材过会:今年IPO过关第31家 浙商证券过首单