Zhong Lun Supports HCpect in its Listing of Convertible Bonds
Zhong Lun Supports HCpect in its Listing of Convertible Bonds
On July 26, 2021, Qingdao Huicheng Environmental Technology Co., Ltd. (“HCpect", stock code: 300779) listed its convertible bonds on the Shenzhen Stock Exchange, raising RMB 320 million, a move that will help HCpect further consolidate its leading position in the industry.
Zhong Lun served as legal counsel for the listing. The legal team was headed by partner Zhoujun Tang and non-equity partner Jingli Mu and included Haosen Tian and other associates.
Founded in 2006, HCpect is a high-tech eco-friendly company specialized in treatment, disposal, and recycling of hazardous waste. In May 2019, HCpect launched its initial public offering and went public on ChiNext of the Shenzhen Stock Exchange. The proceeds from this issuance of convertible bonds will fund the company’s new FCC catalyst manufacturing project with an annual production capacity of 40,000 tons.