16 July 2020

Hg Tech Listed On Shenzhen Gem Board

On 9 July 2020, HG Technologies Co., Ltd. ("HG TECH") made its first offering on the Growth Enterprises Market of the Shenzhen Stock Exchange. The issuance raised a total of RMB 342.42 million by issuing 49.34 million new shares at the price of RMB 6.94 each.

HG TECH is the 10th listed company under China State Shipbuilding Corporation Limited ("CSSC") and a leading domestic manufacturer of electrostatic printing and copying consumables and imaging equipment. This is the first IPO project after the reorganization of CSSC.

In this project, King & Wood Mallesons acted for the issuer's lawyer and provided comprehensive, accurate and efficient legal services for HG TECH in the whole IPO process. Since the launch of this project, KWM advised HG TECH on all relevant work related to IPO, carried out comprehensively and in-depth legal due diligence, and provided comprehensive solutions to various legal issues in this project.

This project was led by partners Tang Lizi and Wang Hui.

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