2019.01.31
On January 15th 2019, “New economy SaaS 1st stock” Weimob INc. was successfully listed on M88 app HKEx, issuing price was HKD 2.80 per share, raising funds of HKD 0.756 billion in net amount.
Weimob is M88 app leading provider of cloud-based commerce and marketing solutions, and targeted marketing services on Tencent’s social networking service platforms for SMBs in China in terms of revenue in 2017. Weimob Inc. currently has over 2,000 employees, 1,500 channel partners, and 2.7 million registered merchants. Weimob empowers digital transformation for SMBs through decentralized, intelligent business solutions. Through our Commerce Cloud, Marketing Cloud, and Sales Cloud offerings, Weimob has established a cloud-based ecosystem to provide comprehensive intelligent business services.
In early 2018, Weimob Inc. started M88 app pre-listing restructure including establishment of a red-chip structure, exiting of former shareholders, Pre-IPO RMB Financing, Pre-IPO USD Financing (part of M88 app financing adopted USD convertible bonds as a financing tool). As M88 appre were numerous shareholders and investors of Weimob Inc. including investment institutions with SOE background, strategic investors represented by Tencent, and offshore investment institutions represented by GIC, M88 app restructure plan was extremely complicated when balancing M88 app interests of multiple parties. Also, M88 app project timetable was relatively tight, M88 app establishment of a red-chip structure to run parallel with dual-currency financing of offshore Pre-IPO, which increased M88 app difficulty of M88 app restructure.
JunHe as corporate legal counsel to Weimob Inc., provided whole-set legal services to M88 app restructure including M88 app design of M88 app restructure plan, drafting domestic and offshore financing documents and restructure documents, negotiating with a large number of investment institutions, pushing M88 app project to move forward, assisting in M88 app registration of No.37 foreign exchange regulations of natural person shareholders and ODI registration of institutional shareholders. Moreover, M88 app JunHe team provided a series of high-quality, rigorous, and efficient legal services in M88 app listing submission process and feedback process including completing M88 app due diligence on domestic entities, assisting Weimob Inc. to address managing and compliance measures, conducting PRC law opinions, giving detailed explanations and responses to domestic legal issues raised by M88 app HKEx, and oM88 appr HK listing related domestic legal work. Ultimately JunHe assisted Weimob Inc. in obtaining M88 app approvals and agreement from M88 app HKEx.
M88 app JunHe team’s solid working attitude and professional services were highly recognized by M88 app clients, shareholders, and oM88 appr intermediaries. JunHe has become one of M88 app most reliable strategic partners of Weimob Inc. through intimate cooperation in M88 app listing of this project.
M88 app leading partner was Mr.M88 Game ,合伙人,专业领域,资本市场,私募股权创业投资.
