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城道通环保,赴美国上市获中国证监会「备案通知书」

Chengdaotong Environmental Protection went public in the US and received a “filing notice” from the China Securities Regulatory Commission

瑞恩資本Ryanben Capital ·  Nov 30, 2023 03:41

The new overseas listing and filing regulations for domestic enterprises, which came into effect on March 31, 2023, clearly include the direct and indirect issuance and listing of domestic enterprises in the supervision of the China Securities Regulatory Commission and implement a unified filing system management system.

On November 29, the International Cooperation Department of the China Securities Regulatory Commission issued a filing notice on the overseas issuance and listing of CDT Environmental Technology Investment Holdings Limited (Chengdaotong Environmental Technology Investment Holdings Limited) (Chengdaotong Environmental Technology Investment Holdings Co., Ltd.) (China Cooperation Letter [2023] No. 1805). According to the overseas listing filing status table issued by the China Securities Regulatory Commission, Chengdaotong's application type is indirect overseas listing. The filing subject is Shenzhen Chengdaotong Environmental Technology Co., Ltd., and the filing acceptance date is August 14, 2023. WestPark Capital became its underwriter and domestic lawyer.

The details of the filing notice are as follows:

CDT Environmental Technology Investment Holdings Limited (Chengdaotong Environmental Technology Investment Holdings Limited):

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 2,300,000 common shares and list them on the US NASDAQ 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 enterprise's overseas issuance and listing filing information. It does not indicate that the China Securities Regulatory Commission makes a substantial judgment or guarantee on the investment value of the enterprise's securities or the investor's income, 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

Chengdaotong, which was secretly filed with the SEC on November 15, 2019, and publicly disclosed the prospectus on January 15, 2021. The latest updated prospectus date is November 20, 2023. The proposed NASDAQ IPO listing is to be listed under the stock code CDTG.

As a waste treatment company, Chengdaotong mainly generates revenue through the design, development, manufacture, sale, installation, operation and maintenance of sewage treatment systems and provision of sewage treatment services. Chengdaotong is mainly engaged in two businesses: rural sewage treatment and septic tank treatment. For rural sewage treatment, we mainly sell complete sewage treatment systems, build rural sewage treatment stations, install systems, and provide continuous operation and maintenance services for municipal departments and enterprise customers. For septic tank treatment, it mainly provides on-site or local septic tank treatment services for municipal departments, residential and commercial property management companies.

Link to Chengdaotong Environmental Protection's prospectus:

https://www.sec.gov/Archives/edgar/data/1793895/000173112223002166/e5231_f-1a11.htm

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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