Cosco Shipping Specialized Carriers (600428.SH) received a notice from the Shanghai Stock Exchange to resume its review.
China COSCO Shipping Corporation Limited (600428.SH) announced that the company will issue shares to specific investors and hire a securities service provider...
Cosco Shipping Specialized Carriers (600428.SH) announced that the company's issuance of shares to specific entities was temporarily halted by the Shanghai Stock Exchange on August 27, 2024, due to the suspension of the accounting firm Tianzhi International Certified Public Accountants (Special General Partnership) by the China Securities Regulatory Commission for six months, as a result of issues related to the quality of audit services provided to other companies.
In order to address this issue, the company has re-engaged Ernst & Young Hua Ming Certified Public Accountants (Special General Partnership) as the special audit institution for the issuance of shares to specific entities. The company and related intermediaries have completed all the necessary work to resume the review process as required. The company, along with the intermediaries, has updated the prospectus and other application documents to reflect the changes. According to regulations, the company and the sponsoring institution have applied to the Shanghai Stock Exchange to resume the issuance registration process for shares to specific entities. On November 13, 2024, the Shanghai Stock Exchange approved the resumption of the company's application for issuing shares to specific entities.
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