DeHeng Advised China Railway Harbin Group of Technology on Listing on the SSE STAR Market

2022-10-12

On October 12, 2022, China Railway Harbin Group of Technology Corporation (stock code: 688459) was successfully listed on the STAR Market of the Shanghai Stock Exchange. For the initial public offering, it issued 120 million shares at the price of RMB 13.58 each, raised a total of RMB 1,629.6 million which will be used to acquire 100% of the shares of China Railway Printing Co., Ltd., and finance the infrared detector R&D and industrialization project, the Wuqing Testing Center project in Tianjin and the rail-transit intelligent identification terminal industrialization project. 

As the issuer's legal counsel, the DeHeng team, led by partner Li Hua, with primary support from lawyers Gong Xiaoqing, Qin Linan and Xu Keyang as well as paralegal Dong Yu, worked closely with the issuer, the sponsor and other intermediaries, and provided comprehensive, professional, efficient and high-quality legal services for the IPO.