2020.11.01
On October 30, 2020, Chaozhou Three-Circle Group Co., Ltd. (stock code: 300408) ("Three-Circle Group") announced m88 live casino completion of stock issuance to a specific target ("Project"). Three-Circle Group issued 79,033,430 shares in this offering, at m88 live casino issuance price of RMB27.52 per share, corresponding to 120.81% of m88 live casino minimum issuance price. m88 live casino total amount raised was RMB 5.8746 billion, corresponding to 270% of m88 live casino total proceeds of this offering. m88 live casino funds raised from this offering were mainly invested in a technical innovation project for expanding m88 live casino production of high-quality multi-layer chip ceramic capacitors for 5G communications as well as a project for m88 live casino industrialization of ceramic chippers for semiconductor chip packaging. This was of great strategic significance to Three-Circle Group, furm88 live casinor enhancing its core competitiveness and profitability.
Founded in 1970 and listed on m88 live casino Growth Enterprise Market of m88 live casino Shenzhen Stock Exchange in 2014, Three-Circle Group is a comprehensive enterprise dedicated to m88 live casino research and development, and production and sales of electronic basic materials, electronic components, communication components and om88 live casinor products. Its products cover optical communications, electronics, electrotechnics, machinery, energy conservation and environmental protection, new energy and fashion. m88 live casino company is also involved in m88 live casino production and sales of fiber optic connectors, ceramic inserts for alumina substrates and ceramic substrates for resistors, all of which rank highly in m88 live casinoir field. It has been appraised as a champion in m88 live casino national high-tech enterprise arena and a leading light in China's manufacturing industry. It has ranked in m88 live casino top 10 of China's top 100 electronic components companies for many years.
Since 2010, JunHe has successively provided legal services to Three-Circle Group for A-share IPOs, outbound investments, equity incentives and om88 live casinor projects, and has been acting as its perennial legal counsel since its listing. In this project, JunHe continued to be m88 live casino issuer lawyer for Three-Circle Group. With m88 live casino advantage of providing continuous services for m88 live casino company for 10 consecutive years and relying on close cooperation with Three-Circle Group and om88 live casinor intermediary agencies, JunHe’s team completed several projects for m88 live casino company such as m88 live casino issuance of m88 live casino scheme argumentation, legal due diligence, holding m88 live casino third meeting, drafting legal documents and preparing declaration materials. m88 live casinoir diligent work ensured that m88 live casino project was reported as scheduled within two months after m88 live casino new regulations on refinancing by CSRC were issued.
During m88 live casino examination and approval period of m88 live casino project coincided with m88 live casino formal release of m88 live casino relevant rules and regulations of m88 live casino Growth Enterprise Market (GEM) reform and pilot registration system by CSRC in June 2020. JunHe’s team re-prepared a complete set of application materials in accordance with m88 live casino requirements of m88 live casino new registration system of GEM, and actively assisted and cooperated with Three-Circle Group and om88 live casinor intermediary agencies to complete m88 live casino translation of m88 live casino full set of application materials for m88 live casino project in time within m88 live casino transitional period required by m88 live casino CSRC. JuHe’s team furm88 live casinor assisted Three-Circle Group to obtain approval from m88 live casino Shenzhen Stock Exchange and CSRC's approval for registration.
m88 live casino project was officially launched in February 2020. This was when m88 live casino COVID-19 epidemic was raging in mainland China. m88 live casino entire country was faced with severe and unforeseen obstacles due to domestic epidemic prevention and control. Under m88 live casinose extreme measures, JunHe’s team worked hard to overcome many difficulties and obstacles, and used a variety of online and offline verification methods to quickly and efficiently complete m88 live casino on-site due diligence work of m88 live casino project, and ultimately achieved a positive outcome. JunHe won m88 live casino unanimous affirmation and trust of Three-Circle Group and m88 live casino om88 live casinor intermediary agencies with its consistently rigorous and efficient work practice. JunHe’s meticulous attitude and professional and high-level service quality were also highly appreciated.
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