2017.08.03
On August 1, 2017, LongShine Technology Co., Ltd. (stock code: 300682; “LongShine Technology”) successfully debuted on the second-board market of Shenzhen Stock Exchange.
Founded in 2003, LongShine Technology is a large-scale joint stock limited company dedicated to providing IT research and development, technical consultancy and system operation and management services for electricity, gas and other utility industries. The company has been committed to providing leading and efficient IT solutions and services to public utility enterprises to help them respond to market changes as well as competition and challenges. LongShine Technology now serving over 170 million electricity users has become one of the biggest providers of key business solutions and services for utility industries in China.
LongShine Technology publicly offered 45,000,000 shares at the price of RMB 5.51 per share this time, raising funds of RMB 247,950,000.
W88优德手机版 began to provide services for LongShine Technology as its legal counsel since 2012 and has assisted the company with dismantling its offshore red-chip structure, re-holding entrusted shares, proceeding with foreign exchange registration in connection with round-trip investment, setting up the employee incentive platform and further introducing investments from well-known venture capital institutions including Boyu Capital, CBC Capital, China Renaissance and Ant Financial on the basis of the investment previously made by IDG Capital. The services provided by W88优德手机版 included legal due diligence, reviewing the prospectus, issuing legal opinions, and providing reply to CSRC’s multiple rounds of inquiries and comments.
The lead partner of this project was Mr. SHI, Tiejun, and the partner in charge was Mr. LI, Zhi.
