On November 10, Gelonhui announced that on November 8, 2024, China Nonferrous Metal Industry's Foreign Engineering and Construction (000758.SZ) disclosed that the China Securities Regulatory Commission (hereinafter referred to as "CSRC") issued the "Approval for the Initial Public Offering of Shares of China Ruilin Engineering Technology Co., Ltd." (CSRC Permit [2024] No. 1557), with the main contents as follows:
1. Approving the application of China Ruilin for the initial public offering of shares; 2. China Ruilin shall strictly implement the Shanghai Stock Exchange's prospectus and underwriting plan for this share offering; 3. This approval is valid for 12 months from the date of registration approval; 4. From the date of registration approval until the end of this share offering, if China Ruilin encounters significant events, it should promptly report to the Shanghai Stock Exchange and handle them according to relevant regulations.
As of the date of this announcement, China Ruilin's total share capital is 90 million shares, with the company holding 20.7 million shares, accounting for 23.00%, as a non-controlling shareholder. Currently, the timing and price of China Ruilin's initial public offering of shares have not been determined, and the impact on the company's future financial condition and operating results cannot be determined at present.
