DeHeng Advised Shenzhen Institute of
Building Research on Its IPO Project

2017-07-19

On July 19, 2017, Shenzhen Institute of Building Research Co., Ltd. ("IBR") held the IPO ceremony of A shares on the ChiNext board of the Shenzhen Stock Exchange under the ticker symbol of "300675". The IPO issued 36.6667 million shares. DeHeng provided a full range of legal services for the listing.

Pu Hong (right) and Guo Yaosen (left), attorneys of DeHeng, were invited to attend the listing ceremony of IBR

Founded as a public institution for scientific research in 1992, IBR was reorganized into a limited liability company according to the mandate by Shenzhen Municipal Government in 2007. In 2013, it was reorganized into a joint stock limited company, which is also a national high-tech enterprise. IBR "uses the most innovative construction technology to create a healthy, simple, efficient and sustainable green living environment for the public, provides unlimited possibilities for the Chinese people's ideal lives". It is one of the pioneer companies to carry out large-scale practice in energy-saving and green buildings and ecological low-carbon cities. In this area, IBR has undertaken over 100 research projects at the international, national, provincial and municipal levels including projects that fall within the science and technology support programs during the Tenth Five-Year Plan, Eleventh Five-Year Plan and Twelfth Five-Year Plan periods, and the National Science and Technology Major Projects; it has participated in the compilation of more than 100 standards and specifications at the national, local and industrial levels; and completed more than 100 state-level demonstration projects such as the Shenzhen Guangming New District and the Wuxi Eco-city. IBR is one of the pioneers, promoters, and forerunners for technologies and concepts relating to the green building and eco-city areas in China.

Liu Zhenguo and Pu Hong, partners of DeHeng, led the team that also includes attorneys Tang Yongsheng and Guo Yaosen, that provided legal services for almost 7 years from the mixed ownership reform of wholly state-owned enterprise until the final approval for listing. The project team has won high praise from the client. DeHeng will, as always, continue to provide high-quality legal services to its clients in the areas of domestic and overseas IPO and M&A.