In July 2022, JunHe represented ChinaEtek Service & Technology Co., Ltd. (“CES” or the “Company”), in its initial public offer of 16,666,700 shares on the Shenzhen Stock Exchange’s ChiNext Market (stock code: 301208), at an initial offering price of RMB 46.06 per share. The gross proceeds of the offering are expected to be approximately RMB 767 million.
CES is an information technology (IT) service provider. The Company provides IT Operations and Maintenance services (O&M), OEM software and hardware products, automatic and intelligent O&M products and operation data analysis services. By leveraging their strong capabilities in providing comprehensive IT services and their technological and innovative strength, CES has provided several bank data centers with IT architecture setup and O&M services. It has built a solid customer base and a leading reputation in the fields of finance, telecommunications, transportation, and government services.
Acting as legal counsel to the issuer in this offering, JunHe provided CES with comprehensive legal services throughout. JunHe’s lawyers worked with the Company and the other intermediaries to identify key legal issues, carry out compliance corrective actions, complete pre-IPO tutoring and IPO filing, and respond to feedback and comments from the Shenzhen Stock Exchange and the CSRC.
The JunHe team consisted of partners ZHAO, Jikui and Xue, Tiantian, with the support of partner QU, Huiqing (internal review).