Go public overseas
Introduction to CPC Program (Capital Pool Company Program)
If you are not satisfied with conventional loan-type financing and want to seek for a brand new and faster financing method, North Huiyin recommends you a way of listing overseas for financing, i.e., the CPC program.
What is the CPC program?
The CPC program is a unique listing vehicle offered by TSX Venture Exchange for those small and medium-sized enterprises that have promising development prospects and excellent management to raise fund. The CPC program is different from traditional ways of IPO. In the CPC program, a capital pool company is created without any assets and business operation but cash and gets listed on TSX Venture Exchange to raise capital pool. Then, the capital pool company uses fund raised through the IPO to look for investment opportunity among growing companies. Once it completes a qualifying transaction, acquiring a company which meets the requirements for listing, the capital pool company becomes a regular listed company on TSX Venture Exchange.
The CPC process
First of all, create a capital pool company. According to the regulations of TSX Venture Exchange, the founders of a capital pool company must be three to six individuals with an appropriate combination of business and public company experience. The founders must put up a certain amount of seed capital (a minimum of the greater of C$100,000) to incorporate the capital pool company. The company releases a prospectus for its IPO to complete its first fund raising which must not exceed C$1,900,000. After the initial fund raising, the capital pool company uses the proceeds to identify and evaluate potential acquisition and complete acquisition with 24 months, which means the qualifying transaction has been done. After that, the company will trade as a regular TSX Venture Exchange listed company.
Advantages of the CPC method for listing
Low listing threshold: except the seed capital, the capital pool company may initially raise from C$200,000 to C$1,900,000 to pay for merger and operation without any other assets, operation or revenue.
The shell company for listing in the form of capital pool company is very clean, without any bad debt or hidden trouble that a third party creditor emerges.
Time for listing is shorter. With complete document prepared, the listing process can be completed within 6 to 12 months.
Shareholder relationship is easier to deal with.
After listing, the private placement is more convenient.
Our advantages
More than ten years resource accumulation and rich experiences in successful overseas listing of tens of domestic companies; good at establishing good investor relationship; ready shell companies; rich experiences in pertinent road shows; close cooperation with the biggest investment banks in Canada; able to provide the most professional administrative, financial and legal consulting services of the whole course.
Tel：0411-86860000
Fax：0411-82310650
Address: 50/F, Tian An
International Tower, 88 Zhongshan Road, Zhongshan District
Fax：0411-82310650
Address: 50/F, Tian An
International Tower, 88 Zhongshan Road, Zhongshan District
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Technical Support:DaLian YiLian Network Technology Co., Ltd.
Technical Support:DaLian YiLian Network Technology Co., Ltd.