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Zhong Lun Advises Tangshan Huizhong Instrumentation Co., Ltd. on IPO and ChiNext Listing
Zhong Lun Advises Tangshan Huizhong Instrumentation Co., Ltd. on IPO and ChiNext Listing
On May 8, 2012, Tangshan Huizhong Instrumentation Co., Ltd. was approved by the China Securities Regulatory Commission to launch an initial public offering (IPO) and get listed on the Nasdaq-like ChiNext in China.
Zhong Lun Law Firm acted as legal counsel for the company in the IPO and listing, providing a wide range of legal services covering pre-IPO restructuring through the merger of parent company, PE financing and IPO. The professional team included Li Pan, Zhou Bin, Shen Xu and Ma Anrong. GF Securities Co., Ltd. served as the underwriter.
Tangshan Huizhong Instrumentation Co., Ltd. is currently the largest ultrasonic flowmeter, water meter and heat meter production base in China. The company’s main products include ultrasonic heat meters, water meters, and flow meters. It plans to issue 14 million shares in the IPO. Funds raised from the IPO will be used for two industrialization projects.
