Dentons Advises Shanghai Shengshi Jintian Internet Technology Co., Ltd. on NEEQ Listing
On April 20, 2016, Shanghai Shengshi Jintian Internet Technology Co., Ltd. (“Shengshi Jintian”, stock code: 836527) was successfully listed on the National Equities Exchange and Quotations (“NEEQ”) system. The company was advised by a Shanghai-based team comprising senior partner Huang Xiamin, associates Luo Ling and Jiang Xiangjun and paralegal Tian Tian.
Shengshi Jintian is primarily engaged in game development. As of December 31, 2014, the company had RMB9,882,496.85 in revenue, with RMB-3,141,077.41 of net profit, RMB4,557,949.98 of total assets, and RMB-1,276,452.77 of equity. In April 2015, it started preparations for a NEEQ listing, and in July, it received RMB31million worth of investment from investors such as Advantage Fund (“Youshi Jijin”). The company’s valuation rose to RMB375million following the investment.
Shengshi Jintian is primarily engaged in game development. As of December 31, 2014, the company had RMB9,882,496.85 in revenue, with RMB-3,141,077.41 of net profit, RMB4,557,949.98 of total assets, and RMB-1,276,452.77 of equity. In April 2015, it started preparations for a NEEQ listing, and in July, it received RMB31million worth of investment from investors such as Advantage Fund (“Youshi Jijin”). The company’s valuation rose to RMB375million following the investment.