China Economic Net, Beijing, June 30, according to the official website of the Shenzhen Stock Exchange, the Shenzhen Stock Exchange has decided to terminate the initial public offering of Baby Bus Co., Ltd. (“Baby Bus”) and review its listing on the Growth Enterprise Market.
On June 29, 2022, Babybus submitted the "Babybus Co., Ltd.'s Application for Withdrawal of the IPO Project and the Review of Application Documents for Listing on the Growth Enterprise Market" to the Shenzhen Stock Exchange, and the sponsor submitted the "CITIC Construction Investment Securities" to the Shenzhen Stock Exchange. Co., Ltd.'s Application for Withdrawing the Initial Public Offering Project of Baby Bus Co., Ltd. and Reviewing the Application Documents for Listing on the Growth Enterprise Market.According to the relevant provisions of Article 67 of the "Shenzhen Stock Exchange's Rules for the Review of the Issuance and Listing of Stocks on the Growth Enterprise Market", Shenzhen Stock Exchange has decided to terminate the review of Babybus' initial public offering and listing on the Growth Enterprise Market.
Babybus is a leading digital content provider for children's enlightenment. Its enlightenment brand "Babybus" has many users around the world. Audio, video, APP and other products featuring "good-sounding, good-looking, and fun".
As of the signing date of the prospectus, Zhongyong Investment held 41.8652% of the company's equity and was the company's controlling shareholder.Tang Guangyu holds 99.99% of Zhongyong Investment, serves as the company's chairman and general manager, and is the company's actual controller.
Babybus originally planned to be listed on the Shenzhen Stock Exchange Growth Enterprise Market. The proposed public offering of shares this time does not exceed 41 million shares, which is not less than 10.00% of the total share capital after the issuance.The company plans to raise 1.848 billion yuan for animation product research and development projects, APP product research and development and upgrading projects, children's story research and development and upgrading projects, shell research and development projects for preschool teachers, derivatives industrialization and supporting projects, operating system upgrading projects, and big data. Analysis system upgrade project, Fuzhou R&D center project.
The sponsor for the issuance of Baby Bus is China Securities Co., Ltd., and the sponsor representatives are Han Xinke and Xu Jianqing.
(Editor in charge: Guan Jing)
