DeHeng Assisted Cambridge Industries Group in Listing on HKEX

2025-10-28

On October 28, 2025, Shanghai Cambridge Industries Group Co., Ltd. (Stock Short Name: “CIG”, A-Share Stock Code: 603083.SH, H-Share Stock Code: 6166.HK) completed its public offering of H-shares and was listed on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX). This marks another significant milestone in the company’s capital market strategy following its A-share listing, achieving a dual listing in both the “A+H” markets. The offering price for CIG’s H-shares was HKD 68.88 per share, with net proceeds raised amounting to approximately HKD 4.48 billion (assuming the overallotment option is not exercised). This listing not only opens a new global financing channel for CIG but also injects strong capital momentum for its technological advancement and global business expansion.

As the PRC legal counsel for the issuer in this H-share listing project, the DeHeng team was led by partners Long Wenjie and Yan Mingkang from its Shanghai Office, with Ning Yicai from the Shanghai Office as the lead lawyer and with primary support from Wang Jiaqi, Su Zhongzheng, and Wang Yufan. The team was fully involved in the entire offering and listing process, provided professional legal services including PRC legal due diligence, drafting the PRC legal opinion, preparing internal resolution documents, preparing application and CSRC filing-related documents, reviewing the prospectus, assisting in responding to inquiries from domestic and overseas regulatory bodies, and aiding in information disclosure. Leveraging their profound expertise and extensive project experience, they provided comprehensive, high-quality, and efficient legal services for the client, facilitating this successful listing.