2021.01.05
Xinjiang East Universe (Group) Gas Co., Ltd. (Stock code: 603706) applied for the non-public issuance of A shares in 2020. This issuance was examined and approved by the Issuance Examination Committee of the China Securities Regulatory Commission on September 21, 2020. On December 31, 2020, the company completed the non-public issuance of stocks and raised a total of RMB 357 million
The period of examination by the CSRC for the non-public issuance of A shares was in parallel with the trial implementation and adjustment of the relevant refinancing regulations on the solicitation of strategic investors by listed companies. In order to comply with the regulatory requirements on conducting refinancing in the capital market. JunHe assisted the company and all the intermediaries involved in designing the issue plan promptly and completed the adjustment thereof based on the examination and approval result, ensuring the successful implementation of the project.
EUG is a public utility service provider that focuses on the supply of gas and urban centralized heating. It completed its IPO and was listed on the Shanghai Stock Exchange in 2018.
JunHe has been providing legal services to the company since its IPO. As the special legal counsel for the non-public issuance, JunHe assisted in the determination of the issuance plan, due diligence, drafting of relevant documents, preparation of filing documents, and drafting of reply to response, which facilitated the implementation of the project. JunHe’s project team provided in-depth analysis of the legal issues with respect to strategic investors and target investments and put forward solutions, all of which played an important part in the successful completion of the project.
The partner led the project and the signatory partner for the project are were Ms. ZHANG, Zongzhen and Mr. ZHAO, Jikui.
