Waiting for the registration system spring breeze? Regent Opto IPO suspension review

The news that the registration system will be launched in March this year not only inspires companies that have not yet started the IPO process, but also has a significant impact on companies that have already completed the IPO filing process. According to the disclosure information of the official website of the China Securities Regulatory Commission, as of January 7, 23 companies have suspended IPO review, and 7 of them have suspended the review because the issuer has requested to suspend the review. This also includes LED company Shenzhen Regent Optoelectronics. Brokers who do not want to disclose their names believe that the voluntary suspension of these companies may be waiting for the implementation of the registration system. At the end of May 2014, Regent Optoelectronics disclosed the initial prospectus and plans to list on the GEM of the Shenzhen Stock Exchange. The data shows that Regent Optoelectronics was established in 2004 with a registered capital of 62.67 million yuan, specializing in the research and development, production and sales of LED display and lighting products. The company has a packaging division, a display division and a lighting division. The company's main products cover a full range of LED indoor and outdoor full color display, LED lighting and lighting fixtures. Among them, the display has up to eight series and more than 80 varieties. According to the prospectus, Regent's main business income mainly includes LED full color display and LED full color display module. The high-, medium-, and low-pixel full-color display and full-color display modules constitute the main part of the main business income. In 2011 and 2013, the proportion of these four types of products accounted for 89.65% and 89.79 of the main business income during the reporting period. % and 89.52%. According to the data disclosure, Regent's main business income in 2011 was 289 million yuan, 299 million yuan and 305 million yuan respectively, and net profit was 31.896 million yuan, 34.78 million yuan and 38.837 million yuan respectively. Regent's original plan to raise funds is also focused on its main business LED package and display. It is expected to invest 134 million yuan for LED packaging and display production base construction projects, and another 37.158 million yuan for research and development base construction. Earlier, the 18th meeting of the Standing Committee of the 12th National People's Congress voted to pass the "Decision on Authorizing the State Council to Adjust and Apply the Relevant Provisions in the Reform of the Issuance of the Stock Issuance System (Draft)", since March 1, 2016 From the date of implementation, the authorization period is two years. The authorization decision of the National People's Congress provides a clear legal basis for promoting the reform of the stock issuance registration system. The CSRC also said that the formal adoption of this decision marks a clear legal basis for promoting the reform of the stock issuance registration system, a major progress in the construction of a basic system for the capital market, and a major measure to improve the top-level design of the capital market. A spokesman for the Securities and Futures Commission, Deng Wei, said that it is necessary for the State Council to make relevant institutional arrangements for the reform of the registration system and issue corresponding documents. The CSRC will, in accordance with the institutional arrangements determined by the State Council, formulate the relevant departmental regulations and regulatory documents such as the Measures for the Administration of the Registration of Public Offerings of Stocks. It is reported that the drafting of the relevant rules and regulations of the CSRC is being carried out in an orderly manner. After all the conditions are mature, it will be open to the public for comments. Before the formal implementation of the registration system, the CSRC will continue to do a good job in stock issuance review in accordance with the requirements of the current approval system. At the same time, the CSRC will make a good plan for the transition of the issuance review work to the registration system, and make reasonable arrangements for the issuance review work to ensure the smooth connection of the issuance review work. Relevant programs will be announced to the public in a timely manner.

Tube bending steel is the umbrella term for metal forming processes used to permanently form pipe or tube. Respectively are form-bound,free form-bending procedures,roll bending,.as well as between heat supported and cold forming procedures.The process starts with loading a tube into a tube or pipe bender and clamping it into place between two molds, the clamping block and the forming die. The tube is also loosely held by two other dies, the wiper die and the pressure die.Tube bending steel used material are aluminum, stainless steel,ordinary steel,cold rolled steel and so on.Surface treatment after processing: electroplating,sand blasting,powder coating,brushing, anodized treatment. Broad-spectrum.

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