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Zhong Lun Advises Beijing Jiaxun Feihong Electrical Co., Ltd. on IPO and ChiNext Listing
Zhong Lun Advises Beijing Jiaxun Feihong Electrical Co., Ltd. on IPO and ChiNext Listing
On March 22, 2011, the China Securities Regulatory Commission approved the initial public offering (IPO) and listing of Beijing Jiaxun Feihong Electrical Co., Ltd. on the ChiNext market of the Shenzhen Stock Exchange. According to its prospectus, the company planned to issue 21 million shares in the IPO, raising the total number of shares to 84 million.
Zhonglun Law Firm has acted as legal counsel for the company in the IPO and listing, and assisted it with its pre-IPO reorganization. The professional service team included Guo Kejun (lead partner), Yang Sujuan, Jia Chen and Wei Haitao. The underwriter was Huatai United Securities Co., Ltd.
Founded in early 1995, the company is a communication equipment and solution provider mainly engaged in independent research & development, production and mass sales of new technology and new products in the communication and information fields. The company has undertaken dozens of major scientific research projects of both the state and Beijing Municipality, including projects as part of the National “863" Program, the National Torch Plan, the Industrial Development Fund of Beijing Municipality as well as Zhongguancun Significant Special Project Fund. In 2008 and 2009, the company was consecutively named “China’s Most Promising Enterprise" by Forbes Magazine.