DeHeng Advised LD on Listing on ChiNext of Shenzhen Stock Exchange

2020-09-10

On September 10, 2020, LD Intelligent Technology Corp., Ltd. ("LD", stock code: 300883) was officially listed on ChiNext of Shenzhen Stock Exchange, for which DeHeng served as the issuer's legal counsel.

Established in 2010, LD specializes in the research and development, design, production and sales of corrugated boxes and paperboards. It provides packaging products and services for clients in the food and beverage, household chemicals, grain and oil, home office, electronic equipment, pharmaceuticals and medical industries. After years of development, LD has become a well-known packaging enterprise in China, awarded such honors as the "National Printing Demonstration Enterprise," "China Top 100 Printing and Packaging Enterprises," "China Top 100 Printing Enterprises," "China Top 100 Packaging Enterprises," "Famous Brand Product of Anhui Province", "Enterprise Technology Center of Anhui Province" and "Specialized, Sophisticated, Characteristic and Original Enterprise of Anhui Province." In 2017, it won the bronze award for the flexible printing corrugated box category of Premier Print Award of the U.S., the world's most influential printing quality competition. 

The IPO raised 401.36 million yuan which will be used to expand the intelligent and efficient printing molding linkage line, intelligent Internet of Things and the warehouse management project, develop the green color printing inner package intelligent manufacturing production project, build the R&D center and replenish the working capital.

Since its first application in June 2017,this IPO project has undergone amendments to the Securities Law, COVID - 19 outbreak, the reform of the ChiNext registration system, and the revision of relevant rules of the ChiNext, etc., and it was among the first batch of IPO applications transferred to Shenzhen Stock Exchange after passing the preliminary review by the China Securities Regulatory Commission. With the short transition period, tight application time, and no precedent for the content and form of some application documents, the transferring application process gave a greater challenge to the work of the project team. DeHeng participated throughout the application and review of LD's listing, and issued legal documents such as lawyers' work reports, supplementary legal opinions, and special inspection opinions, etc.

As the issuer's legal counsel, the DeHeng team was led by partner Shen Hongshan, with primary support from lawyers Li Zhenhui, Hong Xiaolong, Liu Chuanbo, and paralegals Fang Li, Yu Yuan and Li Susu. They provided professional, efficient and high-quality whole-process legal services for the listing.