DeHeng Advised Highpower Technology on Listing on the Main Board of SZSE

2022-09-05

On September 5, 2022, Shenzhen Highpower Technology Co., Ltd. (stock code: 001283) was listed and traded on the main board of Shenzhen Stock Exchange. For the initial public offering, it issued 20 million shares at the price of RMB 52.19 each, and raised RMB 1,043.8 million in total. The money will mainly go to its new energy R&D and production base (Phase I) project and its New Energy R&D Center. 

Highpower Technology was founded in October 2002, and listed and traded on the US Stock Exchange and Nasdaq via the red-chip structure in 2008. It was delisted from Nasdaq in 2019 after privatization, and in 2020, after dismantling the red-chip structure, started to prepare for A-share listing. 

Highpower Technology is committed to the R&D, design, manufacturing and sales of Li-ion batteries and Ni-MH batteries, and boasts independent R&D capability and comprehensive competitiveness in the international market. It is able to provide customers with flexible and reliable one-stop power solutions. Its main end customers include Hewlett-Packard, Sony, Philips, Panasonic, Borang and Harman, among other international well-known enterprises. 

As the legal counsel for the IPO, the DeHeng team, with primary support from partners Ye Lanchang and Chen Jianhui, and lawyers Wang Zhicheng, Zhao Mingqing and Li Hui, worked closely and actively with the issuer and other intermediary agencies, and provided professional, high-quality and efficient legal services for this issuance, winning high praises from the client and other intermediaries. In the future, DeHeng will continue to provide the client with solid, efficient, professional, high-quality and comprehensive services.