On September 9, 2014, Jiangsu Yabang Dyestuff Co., Ltd. (“Yabang Dyestuff”, stock code: 603188) was successfully listed at the Shanghai Stock Exchange. Shanghai-based senior partner Wang Hanqi and partner Liu Yun, who advised Yabang Dyestuff on the listing, attended the listing ceremony upon invitation.
It took almost eight years for Yabang Dyestuff to get fully prepared for the listing, during which time the team led by Wang and Liu provided comprehensive legal counsel on matters such as the reorganization of assets owned by over ten subsidiary entities of Yabang Group, the creation of a joint-stock company, the establishment and improvement of internal governance structure of Yabang Dyestuff, filing and feedback regarding the IPO application, stock issuance and the listing.
The project team also included associates Fan Jianhong, Li Sha and Guo Mengyuan who helped with the particulars.
Yabang Dyestuff is mainly engaged in developing, manufacturing, selling dyestuff and dyestuff intermediates and providing after-sale services thereof. As the world’s largest anthraquinone-structure disperse dyes and vat dyes provider, a few series of its products take the biggest share in the world market.
Yabang Dyestuff offered 72,000,000 shares during the IPO to raise approximately RMB1.5bn, which would fund commercial dye project, vat dye technology upgrading, hazardous waste incineration and disposal and the central heating system inside its production site.
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