DeHeng Advised Shenzhen Magic Design & Decoration Engineering Co., Ltd. on Obtaining CSRC Approval for Non-Public Offering of Shares
2019-10-22
On October 18, the application filed by Shenzhen Magic Design & Decoration Engineering Co., Ltd. for non-public offering of A shares was approved by the Public Offering Review Committee of China Securities Regulatory Commission (CSRC). The total amount of funds to be raised is capped at RMB302 million.
Listed in 2017, Magic Design & Decoration Engineering was is a building decoration design and construction enterprise specialized in building decoration, curtain walls for buildings, electromechanical systems, electronic and intelligent solutions, electromechanical equipment installation, fire protection facilities and eco-friendly engineering. Its principal business is the design and construction of building decorations. It provides cross-sector comprehensive engineering services mainly for clients such as transport institutions, cultural industry, financial real estate industry, government organs, major EPC companies and high-end star-rated hotel groups. It owns 16 province-certified proprietary construction methods, 15 national patents and 24 national awards for construction technology innovation, and is one of the top 100 technology innovators in the industry.
As the legal counselor of this non-public offering, the DeHeng team headed by partners Liu Zhenguo and Tang Yongsheng, with primary support from lawyers Zheng Jie and Chen Hongyu, provided whole-process legal services.