Ant Group | A-share subscription will be refunded tomorrow, saying it depends on the situation to decide whether to restart the issuance

Financial News

Written by: Zhang Weilun

2020-11-05 23:26

Last update date: 2020-11-05 23:29

Ant Group (6688) (Shanghai: 688688) suspended its A and H share listing plans on Tuesday (3rd).

The company issued an announcement on the Shanghai Stock Exchange, pointing out that in addition to the A-share refund arrangement, it also pointed out that within the validity period of the IPO registration approval and approval, on the basis of full verification and evaluation of relevant post-meeting matters, it will decide whether to restart the issuance according to the situation. And timely announcement.

Ant pointed out that CICC and CITIC Construction Investment are the joint lead underwriters of the issuance.

CICC, CITIC Construction Investment, CITIC Securities, Huatai United, Shenwan Hongyuan and Bank of China Securities are the joint lead underwriters.

The company pointed out that on November 3, 2020, the company and its co-lead underwriters had issued the "Announcement on the Suspension of Listing of Ant Technology Group Co., Ltd. on the Initial Public Offering and Listing on the Science and Technology Innovation Board" on November 3, 2020.

In order to effectively protect the interests of investors, the company and the joint lead underwriters decided to suspend the issuance work.

The company and the joint lead underwriters will return the investor's new share subscription funds and the corresponding new share placement brokerage commission (if any), plus the bank deposit interest for the same period.

The company and the joint lead underwriters will start the refund process on November 6, 2020, and the aforementioned funds will be returned on November 9, 2020.

The shares subscribed by investors will be cancelled on November 6, 2020.

After the suspension of the issuance, the company will decide whether to re-launch the issuance and make an announcement in a timely manner based on the full verification and evaluation of relevant post-meeting matters within the validity period of the approval of the IPO registration.

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