On July 3, 9, and 17 respectively, three companies were successfully listed on the National Equities Exchange and Quotations (“NEEQ”) system. Attorneys from Dacheng’s Hangzhou office advised them on the listings.
Zhejiang Kanglaibao Sports Goods Co., Ltd. (stock code: 830877) focuses on the production of professional sports goods, accessories and the processing of plastic raw materials. It has a full-fledged, scientific quality management system and an import-export market network.
Ningbo Ruili Laundry Co., Ltd. (stock code: 830907) is a professional laundry business for hotels and hospitals and an operator of dry cleaning chain stores. Ruili Laundry is the first certified sterilization service provider in the laundry business in Zhejiang and one of the largest laundry service providers in Zhejiang and even in China. It joined the International Fabricate Institute in 2000.
Zhejiang Chinajoiner Information Technology Co., Ltd. (stock code: 830927) is an innovative hi-tech business supported by the Internet of Things and cloud computing. It is an intelligent community, intelligent architecture and safe city system solution provider that offers a whole range of services, including planning of intelligent systems, engineering, system equipment procurement, construction, integrated debugging, program management, maintenance, and other value-added services.
Currently, Hangzhou office’s innovative finance and securities team comprising Jiang Yihua, You Yi, Zhao Chaopeng, Wu Liang, Zhang Wei and Zhang Ting has a number of NEEQ listing projects in the pipeline originating not only from Zhejiang, but also from other places such as Dalian, Liaoning. Many of the enterprises have finished their shareholding reform and are preparing for official filings. The team is also advising clients on major assets restructuring, municipal bond issue, SME private placement bond issue and securitization.