As of the press release, A-share companies planning to issue GDRs overseas have added "recruits".Dongpeng Beverage and Weir have successively announced that they plan to issue Global Depository Receipts ("GDR") overseas and list them on the Swiss Stock Exchange (hereinafter referred to as "Swiss Exchange").Superstar Technology said it plans to issue GDRs and list on the Swiss or London Stock Exchanges.According to preliminary statistics by a reporter from the Economic Information Daily, as of June 30, the number of companies planning to issue GDRs overseas has expanded to 13 since the beginning of this year.
Specifically, in addition to Mingyang Intelligence planning to issue GDR and listing on the London Stock Exchange, Superstar Technology and Sunwoda planning to issue GDR and listing on the SGX or LSE, Sany Heavy Industry, Guoxuan Hi-Tech, Lepu Medical , Shanshan shares, Keda manufacturing, Fangda carbon, GEM, health yuan and other 10 companies have clearly stated that they will be listed on the Swiss Stock Exchange.
Dongpeng Beverage's main business is the research and development, production and sales of beverages. The company has established a Hong Kong subsidiary in 2021 to build an overseas sales system and promote overseas brands.The company stated that in order to expand the company's international financing channels, meet the company's business development needs at home and abroad, and enhance the company's international brand and corporate image, it plans to issue GDR overseas.
Also in order to expand international financing channels, Weil shares also plans to issue GDR overseas and list on the Swiss Stock Exchange.Weir shares stated that the purpose of this overseas issuance and listing of GDRs is mainly to strengthen investment in technological innovation and product research and development, deepen global strategic layout, and use capital market support to further optimize the equity structure and corporate governance level.The company stated that internationalization is a long-term strategy for the company's development. The company will use this issuance to further enhance its international market visibility, increase investment in overseas market resources, and expand its global market share.The issue of GDR still needs to be submitted to the company's board of directors and shareholders' meeting for review and approval, and can be formally implemented after being approved by competent domestic and overseas regulatory agencies. There is uncertainty about the final approval or approval time.
In addition, many companies such as GEM and Guoxuan Hi-Tech also recently disclosed the latest progress of overseas issuance of GDRs.Specifically, the overseas issuance of GDR by GEM and Keda Manufacturing has been approved by the China Securities Regulatory Commission.The application of Guoxuan Hi-Tech and Lepu Medical to issue GDRs has been accepted by the China Securities Regulatory Commission.Previously, Guoxuan Hi-Tech disclosed in its investor relations activity record disclosed that the company's GDR project is conducive to accelerating the international strategic layout, building the company's international brand and image, and meeting the needs of overseas business development funds. The company plans to end July. Completed the issuance and listing before.
In February this year, the China Securities Regulatory Commission issued the "Regulations on the Supervision of the Interconnected Depositary Receipt Business of Domestic and Overseas Stock Exchanges", expanding the business scope of the interconnected depositary receipt to Switzerland and Germany.As of June 30, 10 companies have clearly announced that they plan to issue GDRs overseas and list on the Swiss Stock Exchange. The applications of many companies have been accepted by the China Securities Regulatory Commission, and the interconnection of China-Europe capital markets will be accelerated.
