Zhong Lun Provides Legal Services for Listing of Parade Technologies in Taiwan
Zhong Lun Provides Legal Services for Listing of Parade Technologies in Taiwan
On September 13, 2011, Parade Technologies (4966, TWO), the semiconductor design company successfully went public on GreTai Securities Market at the issue price of NTD130. Although the Taiwan stock market fell by over 200 dots that day, Parade Technologies still opened at NTD143 and closed at NTD179. The trading volume was 3.42 million shares and the fair market value of the company exceeded USD300 million calculated on the closing price, which represents the high recognition of the capital market.
Founded in November 2005, Parade Technologies orients its business at Displayport (“DP"), a new generation of video display interface technology. Parade Technologies has become one of the leading companies in developing interface chips of DP through development. It has also formed long-term and sound cooperation and partner relationships with many major PC producers.
Since 2007, Jane Fan from Zhong Lun Law Firm Shanghai office has acted as the PRC legal counsel for Parade Technologies and has participated several rounds of financing as well as operation legal consultation from time to time. For Parade Technologies’ IPO, Ms. Fan worked together with Hong Kong Hutchison office to act as the legal counsels in Mainland China and Hong Kong respectively and assisted the client for its listing. Parade Technologies has highly appraised the excellent legal services provided by Zhong Lun and Ms. Fan was honorably invited to attend the bell ceremony and celebration party in Taiwan.
The project team is led by Jane Fan, partner from Zhong Lun Law Firm Shanghai office, and Roger Ho, partner from Zhong Lun Law Firm Hong Kong office and other main team members include Lingyun Dai from Shanghai office and Shirley Chan from Hong Kong office.