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Dacheng Advises Seattle (Shanghai) New Material Technology Co., Ltd. on NEEQ Listing

On May 5, Seattle (Shanghai) New Material Technology Co., Ltd. (stock code: 832409) was successfully listed on the National Equities Exchange and Quotations (“NEEQ”) system. The company was advised by Shanghai-based senior partner Wang Enshun, partner Qiu Pei and associate Gu Qian. The team was responsible for conducting due diligence and drafting attorney’s opinion letter. 

Seattle (Shanghai) New Material Technology Co., Ltd., founded in 2002, specializes in producing chemical bonded (foam impregnating), mechanical webbing (saturation impregnating), and polypropylene spun-bond nonwoven fabrics. It is one of the drafters of “Quilted Adhesive-bonded Nonwoven Interlinings” (FZ/T 64040-2014), the textile industry standard released by the Ministry of Industry and Information Technology that took effect on October 1, 2014. The company’s key products include chemical bonded (foam impregnating) nonwoven fabrics, mechanical webbing (saturation impregnating) nonwoven fabrics, nonwovens for infiltration and cable wrapping, lining cloth, nonwoven for hospitals and chef caps, colored nonwoven fabrics , and polypropylene spun-bond nonwoven fabrics.