Following Boling Electric, there are IPOs terminated. On the evening of February 22, the official website of the Shenzhen Stock Exchange showed that the IPO registration of Fapon Biotech Co., Ltd. (hereinafter referred to as "Fapon Biotech") was terminated, and the company collapsed on Road A. It is worth mentioning that both Boling Electric and Fapon Biotech, both companies are IPO "difficult birth", and there has been no new progress in the IPO for more than a year before the termination. According to the statistics of the reporter of Beijing Business Daily, there are still many companies that have not made progress in the IPO for a long time, mainly after the meeting and after submitting for registration, including Dongguan Liuchun Intelligent Technology Co., Ltd. (hereinafter referred to as "Liuchun Technology"), Megvii Technology (hereinafter referred to as "Megvii Technology"), etc.
The IPOs of the two companies failed one after another.
On the evening of February 22, the official website of the Shenzhen Stock Exchange showed that the IPO of Fapon Biotech GEM was terminated.
According to the prospectus, Fapon Biotech is an industry-leading provider of in vitro diagnostic overall solutions, whose main business is the research and development, production and sales of core raw materials for in vitro diagnostic reagents, the company's prospectus was accepted in December 2020, and the company's meeting was approved in March 2022, and the registration application was submitted on March 14.
Then, after nearly two years of submitting the IPO for registration, Fapon Biotech has not been approved for registration, and now the company's IPO has been terminated.
Before Fapon Biotech, on the evening of February 21, the IPO of Boling Electric was also terminated. Similar to Fapon Biotech, the IPO of Boling Electric also had a "difficult birth", and after the approval of the meeting on November 4, 2022, there has been no new progress in the IPO.
The Shenzhen Stock Exchange said that due to Boling Electric's application to withdraw the issuance and listing application documents, in accordance with Article 62 of the "Shenzhen ** Exchange ** Issuance and Listing Review Rules", it decided to terminate the review of its initial public offering ** and listing on the GEM.
According to the prospectus, Boling Electric is mainly engaged in the research and development, design, production and sales of small kitchen appliances, including food processing and blenders, frying machines, coffee machines, air fryers and ovens and other small kitchen appliances.
The actual controllers of Boling Electric are Yuan Haizhong and Yuan Qi, father and daughter, who signed the "Supplemental Agreement to the Concerted Action Agreement" on December 30, 2020, and as of the date of signing the prospectus, Yuan Qi directly holds 6111% of the shares, and indirectly controls the company through its role as the executive partner of B&M 667% of the shares; Yuan Haizhong directly holds 2496% of the shares, and indirectly controls the company by serving as the executive partner of Haiyu Jiuling387% of the shares; The two jointly control the company, both directly and indirectly.966% of the shares.
Wece Biotech and other cards are at the registration level.
Like Fapon Biotech, there are also companies such as Hangzhou Wece Biotechnology Co., Ltd., hereinafter referred to as "Wece Biotech").
According to statistics, Yingke Xinchuang (Xiamen) Technology Co., Ltd. (hereinafter referred to as "Yingke Xinchuang"), Anhui Jingqi Network Technology Co., Ltd. (hereinafter referred to as "Jingqi Network"), Wece Biotechnology, Beijing Yitang Semiconductor Technology Co., Ltd. (hereinafter referred to as "Yitang Co., Ltd."), Yingshi Innovation Technology Co., Ltd. (hereinafter referred to as "Yingshi Innovation"), Megvii Technology, Beijing Tongmei Crystal Technology Co., Ltd. (hereinafter referred to as "Beijing Tongmei") and many other companies submitted registration applications after the meeting. However, the registration application has not been approved for a long time, and they have been queuing for more than a year.
However, it has been more than two years since the registration was submitted, and the IPO of Megvii Technology has not yet been approved. Yue Xianfang, an associate professor at the University of Science and Technology Beijing, said in an interview with a reporter from Beijing Business Daily that artificial intelligence is a typical capital-intensive and technology-intensive industry, with fast technology iteration, large R&D investment, long cycle and high difficulty. "Capital has always been a catalyst for the industry, when the industry technology is mature, capital will drive the rapid penetration of industry technology through investment, and the AI industry is no exception. Yue Xianfang said.
The four companies of Yingke New Ventures, Wece Biotechnology, Yingshi Innovation, and Beijing Tongmei have all submitted registration applications in 2022, and there has been no new progress so far.
Among the above-mentioned companies, Shadow Stone Innovation has a high reputation in the market, and the company has the image brand Insta360 Shadow Stone.
According to the official website of the Shanghai Stock Exchange, Shadow Stone Innovation intends to hit the Science and Technology Innovation Board, and the company's prospectus in October 2022 was accepted, and it was put to the meeting for the first time on July 23, 2021, but it was suspended from voting, and on September 16 of that year, the company's second meeting was approved.
Four months after the meeting, Shadowstone Innovations submitted an application for registration on January 28, 2022, but there has been no progress so far. In response to questions related to company registration, a reporter from Beijing Business Daily interviewed the office of the secretary of the board of directors of Film Stone Innovation, but no one answered.
There was no progress after the meeting.
Liuchun Technology, Ouyeel Yunshang Co., Ltd. (hereinafter referred to as "Ouyeel Yunshang"), Beijing Huazhuo Jingke Technology Co., Ltd. (hereinafter referred to as "Huazhuo Jingke") and many other IPO companies are in the same situation as Boling Electric, which has long passed, but there has been no new progress so far.
It is understood that Liuchun Technology, Ouyeel Yunshang and Huazhuo Jingke plan to land on the GEM, GEM and Science and Technology Innovation Board respectively, of which Huazhuo Jingke has the earliest meeting time, and the company will pass the meeting on September 17, 2021, and Liuchun Technology and Ouyeel Yunshang will pass the meeting in July and November 2022 respectively.
According to statistics, Ouyeel Yunshang plans to raise a relatively high amount of funds, planning to raise 1.5 billion yuan. According to the prospectus, Ouyeel Yunshang's main business development relies on network infrastructure, information platform and APP, and the company can provide customers with full-process and full-cycle services through service platforms such as trading, logistics, and processing.
From the perspective of fundraising and investment, the 1.5 billion yuan that Ouyeel Cloud Business plans to raise is planned to be invested in the "Ouyeel Cloud Business Ecological Operation Platform Upgrade Construction Project", "R&D Center and Basic Environment Upgrading Construction Project", "Bulk Commodity Smart Logistics Service Platform Construction Project", "Smart Processing Service System Construction Project", as well as supplementary working capital.
Wang Chikun, an independent economist, told the Beijing Business Daily reporter that the IPO company can submit for registration in a week or half a month after the meeting, and if the company does not submit the registration for a long time, it may be that the problems raised by the listing committee have not been properly resolved at the meeting, and there are still doubts.
Beijing Business Daily reporter Ma Changchang.