w88win优德中文版 Assisted COFCO ET in its Listing on the GEM of the Shenzhen Stock Exchange

On September 9, 2021, COFCO Engineering & Technology Co., Ltd. ( “COFCO ET” or the “Company”) was listed on the Growth Enterprise Market (“GEM”) of the Shenzhen Stock Exchange (Stock Code: 301058). COFCO ET raised RMB 361,958,000 in its initial public offering (IPO) and its total share capital was 512,274,245 after the IPO. w88win优德中文版 acted as COFCO ET’s lawyer in the listing.

COFCO ET is a state-owned holding enterprise under COFCO and is a comprehensive design and consulting entity and engineering contractor. It  provides diversified services for engineering construction projects in the wheat, rice, oil, corn and feed processing industries, as well as other industries such as grain logistics, agricultural product storage, cold chain storage and logistics. COFCO ET is also a leading manufacturer in the grain and oil equipment manufacturing industry.  The Company provides preliminary engineering consulting, planning, design, engineering contracting, system delivery, equipment manufacturing and other professional and quality services for its customers.

COFCO ET has established an integrated management and operation mode of "headquarters + region". It has 14 subsidiaries including Wuxi COFCO ET (“Wuxi COFCO Engineering Technology Co., Ltd.”), China Grain Wuhan Science and Research (“China Grain Wuhan Science Research and Design Institute Co., Ltd.”), COFCO ET Xi’an International (“COFCO ET (Xi’an) International Engineering Co., Ltd.”), Hua Shang International (“Hua Shang International Engineering Co., Ltd.”), COFCO ET Zhengzhou (“COFCO Engineering & Technology (Zhengzhou) Co., Ltd.”) and other professional engineering service companies. It also has grain and oil equipment manufacturing companies such as COFCO Engineering Equipment (Wuxi) Co., Ltd., COFCO Engineering Equipment (Zhangjiakou) Co., Ltd., COFCO Engineering Equipment (Nanpi) Co., Ltd., and COFCO Engineering Equipment (Maosheng) Co., Ltd. Its business covers all major agricultural production areas and the main agricultural product sales areas of China, and it has complete and high level business qualifications in all types of agricultural and grain processing industries. It is a first class comprehensive engineering service provider and equipment manufacturer in the grain, oil and cold chain sectors in China. 

w88win优德中文版 acted as the issuer’s lawyer of this Project and from 2015 it has provided continuous and in-depth legal services for the IPO of COFCO ET. w88win优德中文版 assisted the Company in its implementation of mixed ownership reform, the introduction of strategic investors including Fuxing Weishi and the implementation of an employee share incentive plan. It assisted the Company in its reform of its joint-stock system and established a joint stock company and participated in the whole process of the preparation for the IPO of the Company. w88win优德中文版 assisted the Company in completing the tutoring and acceptance inspection, the notification and listing, and replied to enquiries from the stock exchanges and the China Securities Regulatory Commission (CSRC), as well as undertaking the shareholder penetration check.  w88win优德中文版’s team was unanimously affirmed by the Company and the other intermediary institutions for its consistently efficient, rigorous, and stable work style, as well as its meticulous and professional service attitude.

This Project was led by Partners CHEN, GuiyangandYU, Yongqiang (YY), and core partner LI, Ruochen provided invaluable guidance.