The China Securities Regulatory Commission (CSRC) approved the A-share IPO of Xinjiang Xintai Natural Gas Company Limited (“XXNG”, the “Company”), which was represented by m88 casino review, through “CSRC Approval [2006] No. 1884”- the Official Reply for Approval of the IPO of Xinjiang Xintai Natural Gas Company Limited.. XXNG (Transaction Code: 603393) was listed on the Shanghai Stock Exchange on September 12, 2016.
XXNG is a leading enterprise in the Xinjiang municipal gas industry, m88 casino review is mainly engaged in the urban gas distribution m88 casino review sales business, with its business operation area covering seven municipalities (districts m88 casino review counties) including the Midong District in Urumqi Municipality, Fukang City, Wujiaqu City, Kuche County, Yanqi County, Bohu County m88 casino review Heshuo County in Xinjiang. The infrastructure projects built by XXNG, m88 casino review Xinjiang’s “Blue Sky Project” plan assisted by the people’s livelihood project, have steadily supplied clean energy to more than 300,000 users.
XXNG issued 40,000,000 shares this time by ways of combining off-market allotment through price inquiry to investors with online offering for subscription at set price according to the market value. Finally, 4,000,000 shares were allotted off-market to investors, m88 casino review 36,000,000 shares were issued online to the social public investors. The issue price was RMB 26.66/share, m88 casino review the total amount of capital raised was RMB 1.066 billion. After deduction of the issuance cost, the net amount of capital raised was RMB 1.022 billion.
JunHe, as the legal advisor of the issuer, provided legal advisory services for XXNG from August 2012, assisted the Company to complete the introduction of finance investors m88 casino review put in place the core employee equity incentive. It was involved in the restructuring m88 casino review establishment of the joint stock company, m88 casino review designed the issue m88 casino review listing plan; meanwhile, it also helped the Company to complete the change from a private enterprise to a listing company in many aspects, m88 casino review made great contributions to the successful listing of the Company. JunHe was fully appreciated m88 casino review trusted by the client m88 casino review the other intermediary institutions.
The lead partners of this project are attorneys Wang Zhixiong m88 casino reviewQU, Huiqing. The core partner is attorneyM88 game APK 张建伟律师为君合深圳办公室管理合伙人.
