DeHeng Advised Wang Cheng Technology on Listing on Beijing Stock Exchange

2023-04-20

On April 19, 2023, Chongqing Wang Cheng Technology Co., Ltd. (stock code: 830896) was successfully listed on the Beijing Stock Exchange, making it the first Chongqing enterprise to list on the Beijing Stock Exchange in 2023, bringing the total to five. Wang Cheng Technology issued 25.31 million shares at the price of RMB 5.53 per share, with a price-earnings ratio of 15.9 times, and raised about RMB 140 million.

As the issuer's legal counsel, the DeHeng team, with primary support from partners Peng Song, Luo Yi and Tang Xu of its Chongqing Office, worked closely with the issuer, the sponsor and other intermediaries, comprehensively sorted out and strengthened compliance on the company development history, related relationships and related transactions, intra-industry competition, production and operation qualifications, major asset compliance, environmental regulation, etc., and provided comprehensive, professional, efficient and high-quality legal services for the listing.