DEALS
Zhong Lun Assists Grandtop Yongxing Group with its Listing on SSE Main Board
Zhong Lun Assists Grandtop Yongxing Group with its Listing on SSE Main Board
On January 18, 2024, Grandtop Yongxing Group Co., Ltd. (“Yongxing Group", stock code: 601033) successfully launched its initial public offering and listing on SSE Main Board. The offering size is 150 million shares at an issue price of RMB 16.20 per share, raising a total of RMB 2.430 billion.
Acting as Yongxing Group’s legal counsel in the IPO, Zhong Lun Law Firm has provided professional and premium legal services in a comprehensive and multi-dimensional manner in terms of major asset restructuring, ownership reform, introduction of strategic investors, implementation of employee incentive as well as the listing, which has won recognition from the client. The mandate was led by the Zhong Lun’s partner Xiaoyan Zhang and non-equity partner Qiaofen Sun and associate Si Zeng. Members of the team also included Wanrong Mo, Xiaokang Zeng, Heng Fu, Ruiqiang He and other associates.
Established in 2009, Yongxing Group has been focusing on waste incineration power generation and gradually expanding its biomass process business. Yongxing Group is an environmental protection enterprise invested by Guangzhou Environment Protection Investment Group Co., Ltd. (controlled by Guangzhou Municipal Government), and is the sole investor and operator of the waste incineration power generation project in Guangzhou. Yongxing Group operates in multiple locations across China, including Guangzhou and Leizhou in Guangdong province, and Shaodong in Hunan province. Yongxing Group will actively enhance its capacity for electricity generation from waste incineration and biomass processing, and build itself into a first-class environmentally-friendly energy company in China, with the aspirations of solidifying its presence in Guangzhou, expanding its footprint across the Guangdong-Hong Kong-Macao Bay Area and beyond.
