DeHeng Advised ZHAOWE on Listing on SME Board of SZSE

2020-12-04

On December 4, 2020, Shenzhen ZHAOWEI Machinery & Electronics Co., Ltd. ("ZHAOWEI", stock code: 003021) went public on the SME Board of Shenzhen Stock Exchange. For the initial public offering, it issued 26.67 million shares at the price of RMB 75.12 per share, and raised approximately RMB 2.003 billion.

Founded in 2001, ZHAOWEI is a high-tech enterprise specializing in the research and development, production and sales of micro-drive systems, precision injection parts and precision molds, mainly used for communication equipment, smart phones, automotive electronics, smart homes, service robots, personal care and medical equipment. Its main products are micro-drive systems, precision injection molded parts and precision molds. Its clients include well-known downstream companies such as Bosch, Huawei, Rosenberg, vivo, OPPO, Xiaomi, iRobot, and their manufacturing service suppliers.

As the issuer's legal counsel, the DeHeng team was led by partners Ye Lanchang and Lou Yonghui, with primary support from lawyers Sun Qingkai, Chen Fenyu, Wang Zicheng, Chen Qiaoye and Li Hui. They provided comprehensive, professional, efficient and high-quality legal services for the IPO. In the future, DeHeng will, as always, provide the client with high-quality legal services to facilitate its rapid development and help it find value in the capital market.