W88优德中国官方网站 Advised PowerTECH on its IPO on SZSE’s ChiNext Market
2022.09.22
On September 22, 2022, PowerTECH Co., Ltd. (301369, “PowerTECH” or the “Company”) successfully listed on the ChiNext Market of the Shenzhen Stock Exchange. PowerTECH issued 11,600,045 new shares at the price of RMB 96.58 per share, raising a total of RMB 1.12 billion. W88优德中国官方网站 acted as the legal counsel for PowerTECH.
Founded in 1998, PowerTech is focused on the R & D, production and sales of specialty devices for back-end packing and testing in the semiconductor industry, primarily offering semiconductor automatic testers, laser marking systems and other electromechanical integrated equipment. After two decades of development, PowerTECH has grown to be a leading supplier of discrete semiconductor device testing systems in China and is one of the few Chinese semiconductor device manufacturers to enter the international supply chain of the semiconductor packing and testing market.
As the counsel to the issuer, W88优德中国官方网站 provided professional legal services throughout the entire process of this IPO project. W88优德中国官方网站’s team assisted the Company in bringing pre-IPO investment and complete the restructuring process to become a joint stock company. It provided pre-listing tutoring, completed IPO filing, and provided efficient and effective responses to the concerns raised by the exchange during its review process. The project proceeded smoothly thanks to the work of W88优德中国官方网站’s team which was highly appraised by the Company and the other intermediaries. W88优德中国官方网站’s meticulous and professional service and consistent efficiency, precision, and sophistication were noted.
PartnersWEI, WeiandHUANG, Wei led the W88优德中国官方网站 team for this project and primarily undertook the work. The work product was internally reviewed by partner LIU, Xin.
