DeHeng Advised Niutech on Listing on SSE STAR Market

2020-07-14

On July 14, 2020, Jinan Niutech Environment Technology Corporation ("Niutech", stock code: "688309") was officially listed on the STAR Market of Shanghai Stock Exchange. It issued 20,002,700 shares at the price of RMB 24.79 per share, and raised RMB 495,866,900. The money raised will be used for the high-end thermal cracking environmental protection equipment production base project, the high-end environmental protection equipment manufacturing park (Phase I), the enterprise information system and the management center system construction project, and to replenish working capital.  

Founded in 2006, Niutech is a market leader in the field of thermal cracking of organic waste in China. With the strategic goal of "becoming a pioneer in China and a global model in the thermal cracking environmental protection industry", the core of thermal cracking technology, and taking improving the environment as its own responsibility, persisting in scientific and technological innovation, it strives to become a world-leading thermal cracking comprehensive solution provider for fields of the treatment of solid waste and hazardous waste and the comprehensive use of resources. It owns 24 invention patents, and has obtained 12 international patents for 6 technologies in the United States, Canada, Japan and other countries and regions. It has opened production lines widely used for the treatment of waste tires, waste plastics, oil sludge and organic hazardous waste. Its equipment has been exported to many countries and regions including Germany, Denmark, Brazil, Hungary, Estonia, Iraq, India, and Thailand.

As the legal counsel for the IPO, the DeHeng team, led by partner Sun Yanli and with primary support from lawyers Ma Quan, Xie Jinpeng and Zhang Xiaotong, provided professional, efficient legal services for the client.