JunHe was engaged as the counsel for the issuance of the IPO of A shares of CIG Shanghai Co., Ltd. (“CIG” or the “Company”). CIG (Stock Code: 603083) successfully completed its listing on the Shanghai Stock Exchange on November 10, 2017.
CIG’s products include communication/broadband terminals, wireless network devices, smart home gateways, industrial IoT and solutions. The company offers full-chain services, from R & D to manufacturing, through its JDM/ODM collaborative platforms. CIG has grown to become a partner with many famous ICT businesses both in China and around the world. Its customers include Huawei, Nokia, HPE-Aruba, ACTIONTEC, FPT, Fiberhome, Shanghai Baer, Reesecon and Shenzhen Skyworth. With a decade of development, the company has provided over 60 million devices to its customers, which are used in China, North America, Europe, Southeast Asia, South America and Oceania.
The listing of CIG experienced a suspension and a restart of the CSRC IPO-examination and approval processing, and JunHe provided legal services to the company for seven years. During this time JunHe assisted the company in the pre-stock change restructuring, the restructuring and incorporation of a joint stock company, the bringing-in of institutional investors, the design of the IPO and the listing plan, and other material law issues. During the IPO, the company was examined by the stock issuance department of CSRC; the CSRC provided only one formal written piece of feedback with respect to the juridical issues. No juridical issue was provided by CSRC during the examination by the issuance examination commission of CSRC. This transaction is a representative case proving the diligence, prudence and team work of JunHe’s captial market group.