New stock news | Venus Information plans Hong Kong IPO. China Securities Regulatory Commission requires supplementary explanation of stock split arrangement and use of funds.
The China Securities Regulatory Commission has requested Wenshi Information to provide additional explanations on the specific plan and arrangement for splitting shares, and whether it will affect the quantity of shares issued in this offering.
On June 5th, the China Securities Regulatory Commission issued the "Supplementary Materials Requirement for Overseas Listing Application (June 1, 2026 - June 5, 2026)". The International Department of the China Securities Regulatory Commission has issued supplementary material requirements for 10 companies. Among them, Wen Shi Information is required to provide a detailed plan for the stock split and whether it will affect the total number of shares issued in this offering. According to the Hong Kong Stock Exchange disclosure on January 16th, Wen Shi Information submitted an application for listing on the main board of the Hong Kong Stock Exchange, with China Securities Co., Ltd. International as its sole sponsor.
The China Securities Regulatory Commission has requested Wen Shi Information to provide clarification on the following matters and to have lawyers verify and provide clear legal opinions:
1. Regarding this listing: (1) Please explain the specific plan for the stock split and whether it will affect the total number of shares issued; (2) Please explain the specific use of the funds raised, the proportion of domestic and overseas uses, and the compliance with domestic and foreign investment approval, examination, or filing.
2. In October 2012, the issuer implemented a substantial equity transfer that was essentially a shareholding arrangement. Please explain the reasons for the formation of the shareholding arrangement and its legality and compliance.
3. Please explain the reasons for each reduction of capital and the payment situation, whether it involves false contributions, embezzlement of contributions, and explain the decision-making process and tax payment situation.
4. Whether there are any disputed situations such as pledged or frozen shares held by the shareholders participating in this "full circulation".
The prospectus shows that Wen Shi Information was founded in 2008 and is a global leader in the knowledge-focused productivity tool industry, dedicated to empowering global knowledge workers to efficiently gain deep insights from textual information through a combination of software and hardware tools and providing a wide range of consumer-grade eye-care reading and writing product combinations.
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