On September 2, 2022, Focus Hotmelt Company Ltd. (Focus Hotmelt, Stock Code: 301283) was listed on the GEM on the Shenzhen Stock Exchange. Focus Hotmelt publicly offered 200 million ordinary shares at an issue price of RMB 52.69 per share, and the total amount of funds raised was approximately RMB 1.05 billion.
Focus Hotmelt was established in 2012 and is engaged in the research and development, production and sales of hot melt adhesive for absorbent sanitary products. The company’s products are mainly used for bonding the surface, absorption and bottom layers of absorptive sanitary products such as sanitary napkins and diapers. Focus Hotmelt has become one of the few domestic manufacturers to enter the procurement system of the leading enterprises in this area, both internationally and domestically. Its major customers include Kimberly-Clark, Hengan, King of Japan, Vida, Chongqing Baiya and Procter & Gamble.
JunHe has been the legal advisor of Focus Hotmelt since 2017 and has provided one-stop legal services in private placement and financing, capital markets and daily operations. As the financing lawyer, JunHe assisted the company to complete pre-listing private financing, participated in the design of the transaction structure, and reviewed and negotiated the transaction documents. As the IPO issuer’s lawyer, JunHe assisted Focus Hotmelt to restructure and establish a joint stock company, issued legal opinions and the complete set of notification documents for the IPO legal matters. They assisted the company to complete pre-listing tutoring and acceptance inspections, made notification of the listing, reviewed the meeting of the listing committee, and replied to feedback from the Shenzhen Stock Exchange and the China Securities Regulatory Commission. As the perennial legal advisor to Focus Hotmelt, they regularly advise the company on its business operations, cross-border investments, labor, trademarks and other matters.
Partners LI, Chenliang and ZHANG, Ping led the JunHe team for this Project.