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.
