DeHeng Assisted Cles in Its Successful Listing on the ChiNext Market of SZSE

2023-03-29

On March 28, 2023, Zhuhai Cles Technology Co., Ltd. (stock code: 301314) was listed on the Shenzhen Stock Exchange. For the initial public offering, it issued 10.625 million shares at the price of RMB 63.78 per share, and raised about RMB 677.6625 million which will be used to finance the technology upgrade and capacity expansion of high-end automatic precision magnetic components winding equipment, projects at the R&D center, and replenish the working capital.

As the issuer’s legal counsel, the DeHeng team, with primary support of partner Liu Zhenguo, and lawyers Tang Yongsheng, Ouyang Jingxian, Fang Yan and Zheng Zhuling, worked closely with the issuer, the sponsor Minsheng Securities Co., Ltd., the audit institution Pan-China Certified Public Accountants and other intermediaries, and provided comprehensive, professional, efficient and high-quality legal services which won high praises from the client and other intermediaries.

▲DeHeng lawyers invited to the IPO ceremony