DeHeng Advised Modern Hi-tech on Obtaining Approval for Issuing Convertible Corporate Bonds to Unspecified Investors on ChiNext of SZSE

2022-07-14

On July 13, 2022, the application of Guangdong Modern High-tech Fiber Co., Ltd. (“Modern High-tech,” stock code: 300876) for issuing convertible corporate bonds to unspecified investors was approved by the 38th session of the ChiNext IPO Committee of Shenzhen Stock Exchange in 2022. The company planned to issue convertible corporate bonds with a total scale of no more than RMB 300 million (inclusive) to unspecified investors. 

Modern High-tech went public on August 24, 2020, one of the first to go public following the ChiNext reform and pilot registration system. DeHeng acted as its legal counsel for the IPO, participated in the whole process of IPO application and review, and has continued to serve as its perennial legal counsel since then.

As the legal counsel for this issuance, the DeHeng team was led by partner Wang Xian’an, with primary support from lawyers Yang Yong and Deng Di. They provided comprehensive, professional, efficient and high-quality legal services for the issuance.