2023.12.29
In October 2023, Rigol Technologies Co., Ltd. (stock code: 688337, hereinafter referred to as “Rigol” or the “Company”) announced the completion of its issuance of A shares to preselected investors under simplified procedures (the “Offering” or the “Project”). Rigol issued 5,300,676 shares at RMB 54.71 per share, raising funds of approximately RMB 290 million which will be used for the Company’s production base project in Malaysia and the construction of its Xi’an R&D center. The newly issued shares have been registered with the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. The Offering is of great significance to the Company’s future strategic planning and continuous development.
Founded in April 2009 and listed on the SSE STAR Market on April 8, 2022, Rigol is a high-tech enterprise focused on cutting-edge technology development and producing breakthroughs in general electronic measuring instruments. As an innovator in the industry, Rigol’s vision is to become the world’s pre-eminent test and measurement brand and achieve the company mission of “enabling technological exploration, empowering possibilities and more”. Rigol has become a globally leading provider of test and measurement instruments and solutions.
JunHe has been acting as the regular company counsel to Rigol since 2022 and provided dedicated legal services for the Offering. In the Project, JunHe as the counsel to the issuer worked closely with Rigol and the other intermediaries and completed the work within a short time span. This included demonstrating the issuance plan, conducting the legal due diligence, issuing legal opinions, preparing filing documents, responding to feedback and witnessing the bookbuilding. We also assisted Rigol in passing the examination by the Shanghai Stock Exchange and registering the Offering with the CSRC. During the implementation of the Project, the CSRC issued optimized refinancing regulatory arrangements and JunHe’s team assisted the Company in responding to the regulator’s concerns in a fast and efficient manner, in accordance with the new regulations. With its consistent delivery of efficient and rigorous legal services and detail-oriented and professional expertise, JunHe’s team was unanimously recognized and highly trusted by the Company and the other intermediaries.
The JunHe team was led by partners JI, Guangming and FENG, Cheng, with great support from partner CHEN, Guiyang for the internal review.
