2025.01.02
On January 2, 2025, Geovis Insighter Technology Co., Ltd. ("Geovis Insighter" or the "Company"), with JunHe acting as its legal counsel, completed its public offering of shares to unspecified qualified investors and was listed on the Beijing Stock Exchange (the "BSE") with the stock code 920116 (the “Offering and Listing”). As the first commercial aerospace stock on the BSE, Geovis Insighter is the first company to list on the BSE following the promulgation of the new regulations on spin-offs. The Offering and Listing represented the largest fundraising project on the BSE in 2024.
Geovis Insighter is controlled by the Aerospace Information Research Institute of the Chinese Academy of Sciences and specializes in spacecraft on-orbit management and services. It is a national "Little Giant" enterprise focused on aerospace measurement, control management and aerospace digital simulation. The Company started its business with specialty aerospace products. Leveraging its core technologies related to high-precision spacecraft orbit, attitude, control and calculation, the Company has developed the domestic "GEOVIS" products to which it enjoys full intellectual property rights. It has expanded its business into specialty products, civil aerospace and commercial aerospace fields. The controlling shareholder of Geovis Insighter is Geovis Technology Co., Ltd., an A-share listed company (which is the first Chinese Academy of Sciences-controlled company listed on the STAR Market and to which JunHe acted as the legal counsel in its IPO). The Offering and Listing had to comply with the requirements of the state-owned asset management authority, the business supervisory authority and the securities regulatory authority.
JunHe, as the issuer's legal counsel, assisted the Company in completing preliminary legal due diligence, key rectifications, and the establishment of the joint-stock company in 2022. In 2023, the Company was listed on the NEEQ, developed an employee stock ownership plan and completed the offering of shares to pre-selected investors. In 2024, the Company was approved and registered to issue shares and list on the BSE. With its consistent delivery of efficient and rigorous legal services and detail-oriented and professional expertise, JunHe’s team was recognized by Geovis Insighter and the other intermediaries.
JunHe partners SHI, Tiejun, LI, Ruochen, BU, Zhen and ZHANG, Xiangbin were responsible for the project, and partner YAO, Jiwei (Jervis) provided support for the internal control matters.
