New stock information | Le Comfort plans to list in Hong Kong. The China Securities Regulatory Commission requires additional information on the construction of the equity structure and the compliance of the return journey mergers and acquisitions.
Le Shushi plans to list on the Hong Kong stock market, and the China Securities Regulatory Commission requires supplementary explanations on matters such as the establishment of the equity structure and the compliance of the return journey mergers and acquisitions.
On April 18, the China Securities Regulatory Commission (CSRC) announced the "Supplementary Materials Requirements for Overseas Issuance and Listing Record Filing (April 11, 2025 - April 17, 2025)," and the CSRC's International Department issued supplementary material requirements for 9 companies. Among them, LuxComfort was required to provide additional explanations on whether the company belongs to a company whose primary business activities are in China, as well as matters related to equity structure construction and compliance related to reverse mergers. It is reported that on January 27, LuxComfort submitted an application to the Hong Kong Stock Exchange Main Board, with CICC, CITIC SEC, and GF SEC (Hong Kong) as joint sponsors.
The CSRC asked the company to provide explanations on the following issues, and requested lawyers to verify and provide clear legal opinions:
1. Please refer to Article 15 of the "Measures for the Administration of the Overseas Issuance of Securities and Listing by Domestic Enterprises," and provide an explanation based on the establishment and major changes in equity of SundaCompany (including domestic subsidiaries) related to the company's predecessor, the global business layout and development process of the company, the distribution of major business segments domestically and internationally, similar entities to Guangzhou Sengu established before its establishment, the composition of personnel who were granted company shares under incentive plans, the shareholding ratios, and the positions held by these personnel at the company's domestic operating entities, reasons for not being responsible for production domestically but purchasing production equipment, etc., to determine whether the company belongs to a company whose primary business activities are in China.
2. Please explain the situation where the actual controllers of the company conducted similar business activities with the company through other domestic entities (including subsidiaries) before the establishment of the main domestic operating entity, Guangzhou Sengu, including the establishment of such entities, changes in equity, and the specific situation of Guangzhou Sengu receiving assets, liabilities, businesses, personnel, operating locations or contracts from these entities, and whether there are major disputes. Whether these entities fall under the prohibitive circumstances stipulated in Article 8, items 3 and 4 of the "Measures for the Administration of the Overseas Issuance of Securities and Listings by Domestic Enterprises," whether the main domestic operating entity has had major tax or debt disputes in the past three years, and whether this constitutes a substantial obstacle to the company's overseas issuance and listing this time.
3. Regarding the compliance of equity structure construction and reverse mergers, please explain: (1) whether the company's equity structure construction and reverse merger process at the time complied with conclu...
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