Source: China Economic Network
According to the website of Shanghai Stock Exchange yesterday, the Shanghai Stock Exchange decided to terminate the review of Guilin Guanglong Technology Group Co., Ltd. (hereinafter referred to as "Guanglong Technology")'s initial public offering of shares and listing on Science and Technology Innovation Board .
On August 19, 2022, Guanglong Technology and the sponsor Shenwan Hongyuan Securities Underwriting and Sponsor Co., Ltd. submitted the "Application of Guilin Guanglong Technology Group Co., Ltd. on the withdrawal of the application documents for the initial public offering and listing on the Science and Technology Innovation Board" (Guilin Guanglong Technology Group Co., Ltd. (Guanglong Zi [2022] No. 020) and the "Application of Shenwan Hongyuan Securities Underwriting and Sponsor Co., Ltd. on the withdrawal of the application documents for the initial public offering and listing on the Science and Technology Innovation Board" (Shenwan Hongyuan Underwriting and Sponsor Co., Ltd." (Shenwan Hongyuan Underwriting and Sponsor Co., Ltd." (Shenwan Hongyuan Underwriting and Sponsor Co., Ltd. [2022] No. 96) to apply for withdrawing the application documents. According to Article 67 of the "Shanghai Stock Exchange Science and Technology Innovation Board Stock Issuance and Listing Review Rules", the Shanghai Stock Exchange decided to terminate the review of Guanglong Technology's initial public offering of shares and listing on the Science and Technology Innovation Board. Since its establishment, Guanglong Technology has focused on the optical communication industry and is a professional manufacturer covering various types of optical communication devices such as optical communication chips, passive optical devices and subsystem products. Optical communication devices are optoelectronic devices made based on modern optoelectronic technology that are mainly used in the telecommunications market and the digital communication market.
As of the date of signing the prospectus, Guanglong Technology's controlling shareholder and actual controller were Peng Hui. Peng Hui directly holds 18.345 million shares of Guanglong Technology, accounting for 26.29% of the company's total share capital. His younger brother Peng Peng holds 11.27% of the company's shares and his younger sister Peng Dan holds 1.84% of the company's shares. Peng Hui has signed a joint action agreement with Peng Peng and Peng Dan. Peng Hui can actually dispose of 27,489,500 shares of the company, accounting for 39.39% of the company's total share capital. Peng Hui is currently the legal representative and chairman of the company.
Guanglong Technology originally planned to issue no more than 23.2634 million new shares on the Shanghai Stock Exchange Science and Technology Innovation Board, which is no less than 25% of the total number of shares issued after this issuance. It originally planned to raise 753.3141 million yuan, which is intended to be used for the "optical chip semiconductor full process process production line construction project", "subsystem and optical device production and construction project" and "supplementary working capital".
Guanglong Technology's sponsor (lead underwriter) is Shenwan Hongyuan Securities Underwriting and Sponsor Co., Ltd., and sponsor representatives are Huang Xiaoyan and Yin Yongjun. (Source: China Economic Network)
