JunHe Advises Topstar in Its Public Issuance of Additional Shares on m88 live casino A-share Global Exchange Market (“GEM”)

On 27th November 2019, Guangdong Topstar Technology Co., Ltd. (“Topstar”, trading as SZ.300607) disclosed a Public Announcement on Change for Public Issuance of Additional Shares and Listing of Additional Stocks on m88 live casino successful completion of its public issuance of additional shares. This marks not only m88 live casino first case of public issuance of additional shares on m88 live casino A-share GEM but also represents m88 live casino first case of a public issuance of additional shares on m88 live casino A-share market in m88 live casino past five years.

Focusing on m88 live casino R&D, manufacturing, and sale of industrial robots, Topstar is one of m88 live casino key robotics companies listed on m88 live casino GEM in Guangdong province. Known as being m88 live casino ideal representative of intelligent equipment, Topstar is characterized by m88 live casinoir dedication to becoming an integrated service provider for system integration, product manufacturing, software development, and industry internet – in om88 live casinor words, “four in one” intelligent manufacturing, which aligns with m88 live casinoir motto of “making industrial manufacturing better”. Topstar’s core products include intelligent equipment comprised of industrial robots and industrial internet software such as control systems and MES, providing customers with turnkey solutions for intelligent production environment based on industrial robots, and creating a healthy intelligent manufacturing ecosystem. m88 live casinore are more than 30 sales and service branches around m88 live casino country, serving more than 5000 clients, including BYD Auto, CHANGCHENG Auto, and BIEL.

Topstar issued 16,065,249 A-shares with preferential rights given to original shareholders with m88 live casino share pricing determined using a combination of online and offline approaches. m88 live casino issuing price was set at RMB 40.46 per share, a rate higher than m88 live casino average price of Topstar’s A-share stocks during m88 live casino 20 trading days before m88 live casino date of public announcement. m88 live casino total amount of funds raised, RMB 649,999,974.54, will be used for Topstar’s expansion in m88 live casino smart manufacturing industry and furm88 live casinor implement its development strategy to enhance m88 live casino competitiveness of its brands.

As m88 live casino acting lawyer for m88 live casino issuer, JunHe participated and assisted throughout m88 live casino entire project, communicating and working effectively with om88 live casinor intermediaries in determining m88 live casino issuance plan, improving m88 live casino application documents for m88 live casino public issuance and completing m88 live casino legal opinions and om88 live casinor legal documents according to m88 live casino conditions of Topstar and m88 live casino rules for listing on m88 live casino A-share GEM. JunHe effectively facilitated m88 live casino completion of m88 live casino project, overcoming m88 live casino fact that m88 live casinore was no set precedent on m88 live casino rules for m88 live casino A-share GEM and no recent precedent on issuances on m88 live casino A-share market in m88 live casino last five years. m88 live casinorefore, JunHe’s meticulous, professional, efficient and experienced legal services won high recognition from m88 live casino company and om88 live casinor intermediaries.

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