What are the conditions for small and medium-sized companies to be listed
First, conditions of independence
The issuer should have a complete business system and the ability to operate independently of the market, the integrity of the issuer's assets, independence of personnel, financial independence, institutional independence and operational independence. The issuer's business should be independent of the controlling stock, the actual controlling person and other enterprises under their control, the pre-controlled shareholders, the actual controlling person and other enterprises under their control, and there should be no competing or unfair related transactions。
Second, regulate operating conditions
The issuers have established, in accordance with the law, a system of sound shareholder assemblies, boards of directors, supervisory boards, independent boards of directors and secretaries of boards of directors, and organs and personnel are able to perform their duties in accordance with the law. The issuer's directors, supervisors and senior managers have become aware of the legal obligations and responsibilities associated with the listing of the shares and have been made aware of the provoking of thousands of directors, supervisors and senior managers. The directors, supervisors and senior managers of issuers meet the qualifications of law, administrative regulations and regulations。
Third, financial accounting conditions
The issuer's assets are of good quality, the asset liability is structured reasonably, the profitability is strong and the cash flow is normal. Specific financial indicators should meet the following requirements: net profits in each of the three fiscal years reached a positive level and cumulatively exceeded the rmb 30 million; net cash flows from operating activities in the three fiscal years cumulatively exceeded rmb 50 million; or cumulatively exceeded rmb 300 million in the three fiscal years; the total equity capital before issuance was not less than rmb 30 million; the share of intangible assets (after deductions, such as surface farming rights and mining rights) in net assets at the end of the year was no higher than 20 per cent; there were no unrecovered losses at the end of the year. The issuer, in accordance with the law and in conformity with the relevant laws and regulations, does not rely heavily on tax benefits。
2. An application for the first public issue of a business start-up board shall be listed at the place of exchange if:
(i) equities have been issued publicly
(ii) the total equity of the company is not less than $30 million
(iii) publicly issued shares of more than 25 per cent of the company's total shares; and publicly issued shares of more than 10 per cent of the company's total equity stock of over $400 million
(iv) the number of shareholders in the company is not less than 200
(v) there have been no significant irregularities in the company during the last three years and financial accounting reports have not been falsely documented
(vi) to communicate in depth the other conditions required。
In order to be listed, small and medium-sized enterprises must meet the relevant conditions. It is suggested that when dealing with listing situations, they can provide you with appropriate advice and requests. You don't know how to deal with small and medium-sized enterprises on the market and how to deal with such practices, but you don't know how to do it by consulting lawyers online through the w. L. N。
