DeHeng Advised HongGuang Lighting
on Transferring Listing from GEM to Main Board of SEHK
2019-11-14
On November 13, 2019, HongGuang Lighting Holdings Company Limited ("HongGuang Lighting" for short, GEM stock code: 8343), a listed company on the Stock Exchange of Hong Kong (SEHK), successfully transferred its listing from GEM to the Main Board. Its shares started trading on the Main Board at 9 a.m. on the same day under the stock code 6908.
HongGuang Lighting is mainly engaged in the design, development, manufacturing and sales of light emitting diode (LED) beads and LED lighting products. After being listed on the SEHK GEM on December 30, 2016, the Company has seen its business and revenue continue to grow, and by 2018, registered annual turnover over RMB200 million for the first time. The Company's mid-term report for 2019 posted RMB 89.7 million in business revenue in the first half of 2019, representing a year-on-year increase of 43.8%.
DeHeng acted as the issuer's Chinese lawyer for HongGuang Lighting's IPO on SEHK GEM in 2016. This time, the DeHeng team, led by partners Su Qiyun and Liu Shuang and with primary support from lawyers Huangfu Tianzhi, Wang Yang and Zhang Zhipeng, again provided legal services for the client’s listing transfer. As always, DeHeng will continue to provide clients with high-quality legal services in the capital market, facilitate their rapid growth, and help them spot and realize value in the capital market.
