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JunHe Advises Senior on its GDR Issuance and Listing on the SIX

2023.12.19

On December 18, 2023, Shenzhen Senior Technology Material Co., Ltd. (“Senior”) successfully issued and listed global depositary receipts (“GDRs”) on the SIX Swiss Exchange (“SIX”) (the “Project”). 12,684,800 GDRs were issued in the Project at USD9.46 per GDR, raising funds of approximately USD120 million.


Senior is a world-class manufacturer of lithium-ion battery separators. In the Project, the over-issuance right was exercised in full in addition to the basic issuance size, and the offering was successfully achieved.


Acting as the PRC legal counsel to the underwriter, JunHe participated in the legal due diligence, the internal decision-making procedures, the domestic regulatory and approval procedures and the preparation of the transaction documents. JunHe’s team reviewed the prospectus and assisted in the preparation and issuance of the domestic and overseas announcements, and assisted Senior in successfully issuing and listing the GDRs on the SIX Swiss Exchange. JunHe’s rigorous and efficient work style and meticulous and dedicated service attitude won the affirmation and trust of the company and the other intermediaries.


JunHe has also advised Yangtze Power, SDIC Power, China Pacific Insurance, MySE, Lepu Medical, Joincare, Eastern Shenghong, Hangke Technology, Yongtai Technology and Will Semiconductor on their GDR projects.


The JunHe team was led by partners YU, Yongqiang (YY) and SHI, Yun, with great support from partner MA, Rui for the internal review. 

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.
As the first carbon neutrality fund sponsored by a law firm in China, the BAF Carbon Neutrality Special Fund was jointly established by JunHe and the Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on the public fundraising platform to mobilize engagement in public welfare campaigns.