DeHeng Assisted XMXYG Co., Ltd. in Issuing RMB 3.22 Billion A-Shares to Specific Objects

2025-03-03

XMXYG Co., Ltd. (stock code 600057.SH) completed the issuance of A-shares to specific objects on February 28, 2025, raising a total of RMB 3.22 billion. In this issuance, China Merchants Group Co., Ltd. and Shandong Port Group Co., Ltd., as strategic investors, each subscribed for RMB 1 billion, while the controlling shareholder, Xiamen Xiangyu Group Co., Ltd., subscribed for RMB 1.22 billion.

This issuance is the largest refinancing project in the commodity supply chain industry in the past five years and the first successful refinancing project since the new refinancing regulations were issued in February 2020 that simultaneously introduced two strategic investors.

As the special legal advisor for the sole sponsor and lead underwriter, China International Capital Corporation Limited, in this project, the DeHeng team, with primary support from Hou Zhiwei, Zhang Yan, Wang Jing, Liu Di, and Jin Songjin, assisted the issuer in completing this issuance.