DeHeng Advised JWIPC on Listing on Mainboard of Shenzhen Stock Exchange

2022-08-15

On August 15, 2022, JWIPC Technology Co., Ltd. (stock code: 001339) was listed on the Mainboard of Shenzhen Stock Exchange. For the initial public offering, it issued 61.75 million shares (excluding the over-allotment option) at the price of RMB 16.86 each, and raised about RMB 1,041,105,000. The money raised will mainly go to the company’s Xiegang project, production base with the annual capacity of 320,000 switchboards in the city of Haining, and marketing network in Shenzhen.

As the issuer’s legal counsel, the DeHeng team, with primary support from partner Liu Zhenguo, lawyers Song Yuhong, Tang Yongsheng, Han Xue, Ouyang Jingxian and paralegal Zheng Zhuling, worked closely with the issuer and other intermediaries including the sponsor CITIC Securities and the audit agency Pan-China Certified Public Accountants LLP, and provided comprehensive, professional, efficient and high-quality legal services for the IPO, winning high praises from them.