DeHeng Advised Anhui Estone Materials Technology Co., Ltd.
on Listing on SSE STAR Market
2021-08-17
On August 17, 2021, Anhui Estone Materials Technology Co., Ltd. (stock code: 688733) was listed on the STAR market of Shanghai Stock Exchange. Estone issued 45,541,085 shares at the price of RMB 15.49 per share, and raised about RMB 705 million which will be used for building the boehmite production base for separator coating of power batteries, the production base of functional powder materials for electronic communications, the R&D center (Hefei) for advanced inorganic and non-metal materials, and for replenishing capital for operations and development.
As the issuer's legal counsel, the DeHeng team, led by partners Li Xiaoxin and Li Zhenhui, with primary support from lawyers Wang Junzhe, Tian Duoyu, Sun Junwei, Qian Fang, and Yan Yanpeng, worked closely with the issuer, the sponsor, and other intermediaries, and provided comprehensive, professional, efficient and high-quality legal services for the issuance, highly praised by the client and other intermediary agencies. In the future, DeHeng will continue to provide clients with solid, efficient, professional, high-quality, and comprehensive services.
