2024.01.19
Jiangsu Yuxing Film Technology Co., Ltd. (stock short name: Yuxing; stock code: 300305) recently disclosed the Report on the Issuance of Shares to Preselected Investors and Listing on the GEM. 86,626,740 shares were issued in this private placement, raising funds of over RMB 693 million. The proceeds will be used in the construction of a high-performance polyester film production and ancillary facilities project, as well as to supplement the working capital.
Yuxing is engaged in the R&D, production and sales of special functional polyester films. The company produces 12-500μm thick special functional polyester films with excellent weather resistance, insulation properties, heat resistance, optical properties, and dimensional stability. After years of technological development, the company now has the core technologies for the R&D and production of functional polyester films used in solar photovoltaic, electron optics, electrical insulation, power batteries, textile machinery and other industries. The company’s products have been highly recognized by its customers, and it has become a qualified polyester base film supplier for multiple brand enterprises in different segments.
As the legal counsel to the issuer, JunHe provided ongoing and in-depth legal services throughout the entire process of this project. This included conducting legal due diligence, issuing lawyer’s work reports, legal opinions and other documents, reviewing the offering circular and other filings, responding to the feedback from the regulatory authorities, and witnessing the bookbuilding. JunHe’s team communicated and cooperated efficiently with the company and the other intermediaries, which contributed to the successful registration of the issuance with the CSRC. With its consistent delivery of efficient and rigorous legal services and detail-oriented and professional expertise, JunHe’s team was unanimously recognized and highly praised by the company and the other intermediaries.
The JunHe team was led by partner CHEN, Xunan, with great support from partner YE, Junli for the internal review. Partners CHEN, Xunan and SHEN, Na were responsible for the specific work.
