News

DeHeng Advised China Gold on Obtaining

CSRC Approval for IPO of A Shares

2020-09-24


On September 24, 2020, the application of China National Gold Group Gold Jewelry Corporation Limited ("China Gold") for the initial public offering of A shares on the main board was approved by the China Securities Regulatory Commission at the 142nd meeting of the Public Offering Review Committee in 2020, the first approved to list on the main board among the pilot enterprises chosen for mixed-ownership reform by the National Development and Reform Commission and the "Double Hundred Action" pilot enterprises chosen by the State-owned Assets Supervision and Administration Commission of the State Council.   


China Gold is a large domestic enterprise specialized in the research & development, design, production, sales of gold jewelry and brand operation. It is the only gold jewelry retail platform of China National Gold Group and a well-known jewelry seller directly under the SASAC. China Gold always enjoys a high market status, a high level of market recognition and brand awareness at home, and is an innovator and leader in the domestic gold jewelry industry.


In 2017, it was chosen among the second batch of pilot enterprises for mixed-ownership reform, and in August 2018 for the "Double Hundred Action". With experience accumulated from the mixed-ownership reform and the "Double Hundred Action", China Gold has solved key and difficult problems through reform, established a sound modern enterprise system, improved its overall core competitiveness, and become a model central enterprise in the mixed-ownership reform.


As the legal counsel for China Gold's IPO, the DeHeng team was led by partners Xu Jianjun and Yang Xinghui, with primary support from lawyers Zhu Xiaona, Wang Huakun, Jiang Yan, Liu Lingling, Zhong Yaqiong and Huang Liping. They worked closely with the issuer, CITIC Securities and other intermediary agencies and provided comprehensive, professional, efficient and high-quality legal services for the IPO. In the future, DeHeng lawyers, with their expertise and professionalism, will continue to advise China Gold on both mixed-ownership reform and business development and help it score greater success.

Relevant Lawyer

  • Jianjun XU

    Partner

    Tel:+86 10 5268 2888

    E-mail:xujj@dehenglaw.com

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