According to the new overseas listing and filing regulations for domestic companies that came into effect on March 31, 2023, companies chose to list H-shares in Hong Kong. The original path of big and small is a thing of the past. Companies listed overseas can directly submit a prospectus, and the roadmap will be replaced by a “filing notice”.
On November 29, the International Cooperation Department of the China Securities Regulatory Commission issued a filing notice on the overseas issuance and listing of China Beautify Natural Environment Technology Co., Ltd. (China Beauty Natural Environment Technology Co., Ltd.) (China Beauty Natural Environment Technology Co., Ltd.) (China Beauty Natural Environment Technology Co., Ltd.) (China Beauty Natural Environment Technology Co., Ltd.) (China Beauty Natural Environment Technology Co., Ltd.). According to the overseas listing filing information sheet issued by the China Securities Regulatory Commission, the filing type is indirect overseas listing, and the filing subject is Anhui Mei Natural Environment Technology Co., Ltd., and the filing acceptance date is July 17, 2023. Huatai International is its sole sponsor, and Shanghai Tianyanhe is its domestic lawyer.
The details of the filing notice are as follows:
China Beautify Natural Environment Technology Co., Ltd. (China Beauty Natural Environment Technology Co., Ltd.):
The filing materials for your company's overseas initial public offering have been received. According to regulations such as the “Securities Law of the People's Republic of China” and “Trial Measures on the Administration of Overseas Issuance and Listing of Domestic Enterprises”, I will notify the filing matters as follows:
1. Your company intends to issue no more than 115,000,000 shares of foreign-listed common shares and be listed on the Hong Kong Stock Exchange.
2. From the date this filing notice is issued until the end of this overseas issuance and listing, if important matters occur in your company, it shall be reported through the China Securities Regulatory Commission's filing management information system in accordance with the relevant regulations on overseas issuance and listing of domestic enterprises.
3. Within 15 working days after your company has completed overseas issuance and listing, you should report the issuance and listing status through the China Securities Regulatory Commission's Filing Management Information System. Your company should strictly abide by relevant domestic and foreign laws, regulations and rules during the overseas issuance and listing process.
4. If your company has not completed overseas distribution and listing within 12 months from the date of issuance of this filing notice and plans to proceed further, the filing materials should be updated.
This filing notice only confirms the company's overseas issuance and listing registration information. It does not indicate that the China Securities Regulatory Commission has made a substantive judgment or guarantee on the investment value of the enterprise's securities or investors' returns, nor does it indicate that the China Securities Regulatory Commission guarantees or determines the authenticity, accuracy, or completeness of the enterprise's filing materials.
International Cooperation Department of the China Securities Regulatory Commission
2023/11/28
According to the Hong Kong Stock Exchange listing rules, companies are required to submit a “filing notice” at least 4 business days before the hearing approval date, which means that Mei has naturally obtained the preliminary requirements for a Hong Kong listing hearing, or that a listing hearing on the Hong Kong Stock Exchange will be held soon.
Beautiful Nature submitted a prospectus on the Hong Kong Stock Exchange on June 30, 2023. Its main listing intermediary team includes: Huatai International as its exclusive sponsor; Ernst and Young as its auditor; Shanghai Tianyanhe and Aster are China lawyers for their company and Hong Kong lawyers for the company; Kindu and Jingtian Gongcheng are their Chinese lawyers, brokerage firm Hong Kong and US lawyers respectively; and Frost Sullivan as their independent industry advisors.
As one of the leading sewage treatment service providers in Anhui Province, Mei Nan, has business capabilities covering the entire life cycle of industrial wastewater treatment business from R&D and equipment production to project construction and operation. It provides one-stop integrated sewage treatment services for enterprises specializing in different industries in industrial parks. Currently, the business has expanded to 4 cities in Anhui and Hebei, covering industrial and domestic sewage treatment services. On December 31, 2022, MeiNan's industrial wastewater treatment design capacity is about 55,000 tons per day, ranking 7th in Anhui Province. According to data from Frost & Sullivan, in 2022, in terms of daily design and treatment capacity, Mei Nature was the second largest non-state industrial wastewater treatment service provider in Anhui Province. As of December 31, 2022, Mei Nan's daily domestic sewage treatment design capacity was about 11,500 tons, ranking 10th in Anhui Province in terms of township domestic sewage treatment design capacity.
Link to Beautiful Nature's prospectus:
https://www1.hkexnews.hk/app/sehk/2023/105502/documents/sehk23063002502_c.pdf
