NEEQ Releases Revised Key Points of Examination of Private Placement of Shares by NEEQ-listed Companies and Template of the Interim Announcement for Private Placement of Shares
The National Equities Exchange and Quotations Company Limited ("NEEQ") has recently revised and re-issued the revised Key Points of Examination of Private Placement of Shares by NEEQ-listed Companies (the "Key Points") and the Template of the Interim Announcement for Private Placement of Shares (the "Template"), both of which shall take effect immediately from the date of issuance.
Principal changes incorporated by the Key Points include: 1. adding the key points of examination for self-service issuance and authorized issuance; 2. improving the key points of examination of information disclosures; and 3. adjusting the key points of examination for determination of continual issuance, arrangement for privileged subscription, and the timeline for use of the funds raised, and adding the key points of examination of legality and compliance status of issuers, and legality and compliance of the issuance of shares to purchase assets. Revisions in four aspects, including "adding the template of opinions of lead securities traders on the special inspection in response to an NEEQ-listed company's application for issuance of shares and entry to the innovation tier" and "adding templates of the prospectus for private placement and the report on private placement status that apply to self-service issuance", are made to the Template.