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JunHe Assisted CHUBAO in its Listing on the NYSE


On September 28th 2018, the international Chinese mobile internet enterprise CHUBAO (NYSE: CTK) was successfully listed on the NYSE, issuing price was USD 12 per share, raising fund of USD 52.2 million in total.

CHUBAO was founded in August 2008, the offices are located in Silicon Valley, Beijing, Shenzhen, Guangzhou, Taiwan etc. The active users of its products are above 0.18 billion, covering more than 240 states and regions. CHUBAO has overall Layout of global product ecology with core product TouchPal and other vertical content apps in health, fitness, entertainment and short videos.

JunHe, as the PRC legal counsel to the issuer (CHUBAO), provided high-quality legal services including domestic legal due diligence, reviewing and modifying the prospectus and other deal documents. Also, the business area of the project was original (such as basic telecommunication business), there were a few precedents to refer to,  the JunHe team discussed deeply and cooperated closely with CHUBAO and other intermediaries on relevant issues, the JunHe team’s performance was highly recognized by client and other intermediaries.

The leading partner was Mr. WANG, Yi.

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.