DeHeng Advised Xiling Power on its Floatation
on the Growth Enterprise Market of Shenzhen Stock Exchange
2018-01-16
On January 16, 2018, Chengdu Xiling Power Technology Co., Ltd. was successfully listed on Shenzhen Stock Exchange's Growth Enterprise Market under the stock abbreviation of Xiling Power and stock code of "300733". A total of 40 million shares were issued at a price of 12.90 yuan per share through the IPO, raising a capital fund of 516 million yuan. After the initial public offering, the company's share capital totaled at 160 million. DeHeng provided full legal services for this list project.
Xiling Power, founded in 1999, is a high-tech enterprise specializing in the production of key components for automotive engines in China. It is a supplier of connecting rods, damping pulleys, camshafts and other key auto parts for automotive engines at home and abroad. Xiling Power, located in Chengdu Qingyang Industrial Cluster Development Park, boasts strong technical research and development capabilities, and is equipped with state-of-the-art production and inspection equipment. By virtue of its high-quality products, the company dominates the automotive parts supply industry, with its products sold in China and countries and regions in Europe, America, and Southeast Asia.
As the legal counsel of Xiling Power's IPO project, DeHeng Law Offices formed a project team composed of lawyer Xu Jianjun, lawyer Yang Xinghui and lawyer Huang Liping as the main members, providing comprehensive, reliable, and high-quality legal services. DeHeng assisted Xiling Power, an example of outstanding enterprises in western China, in entering the capital market, and scaling new heights to build up an internationally renowned company in the industry of key parts for auto engines. The project lasted 6 years. DeHeng witnessed the development of Xiling Power and earned full recognition and trust from its client. In the future, DeHeng will, as always, continue to provide high quality, professional legal services for its clients at home and abroad.
