DeHeng Advised Tengen on Obtaining CSRC Approval for IPO of A Shares

2020-06-03

On May 28, 2020, Zhejiang Tengen Electric Co., Ltd. obtained approval from the Public Offering Review Committee of China Securities Regulatory Commission (CSRC) (Session 81 of 2020) for its initial public offering (IPO) of A shares and listing on the mainboard.  

Established in 1999, Tengen mainly produces industrial electrical products such as low-voltage distribution and industrial control electrical appliances, intelligent instruments, power supply appliances, frequency converters, high-voltage electrical appliances and building electrical appliances, and provides high-quality low-voltage electrical products and solutions for clients in electric power, communications, new energy, industrial and civil construction, metallurgy, petrochemical, machinery manufacturing, and other industries. It has grown steadily with a focus on industrial development over the years. It won the Second Prize for the National Science and Technology Progress Award in 2008 and the honor of State-accredited Enterprise Technology Center in 2012. For five consecutive years from 2013 to 2017, it was awarded the recognition of the "First-choice Supplier by Top 500 Real Estate Enterprises in China."

As the special legal counsel, the DeHeng team was led by partner Ni Haizhong and lawyer Xia Yuping, with support from lawyers Wu Peihua and Wang Qiao. They worked closely with Tengen, sponsors and audit agencies, and provided comprehensive, professional, efficient, and high-quality legal services for the IPO. In the future, DeHeng, with its competent and professional team, will continue to provide expert legal services to enterprises, including IPO and other services in the capital market.