On May 28th 2019, PuJiang International Co., Ltd. (followed as“PuJiang International”,stock code:2060.HK) was successfully listed on the HKEx mainboard, the issuing price was HKD 2.68 per share and raised net capital of about HKD 496 million.
PuJiang International owns two main business branches, cable business and prestressed materials business. PuJiang International is also the largest supplier of bridge cables for China-built super-sized bridges and the third largest manufacturer of suppressed materials. From 1991 to 2017, PuJiang International supplied 35.1% of the cables for the China-built super-sized bridges; PuJiang International is ranked 2nd accounting for sales revenue of bridge cables in 2017 and 3rd accounted by sales revenue. PuJiang’s business responded to the “13th 5-year plan” and “Belt & Road” policies, the IPO also attracted a number of proficient cornerstone investors (such as Sino Pacific Asset Management, SAIC Motor, SIIC, SCG and Shanghai Putuo Technology, these investors have contributed a marvelous investors list for private Hong Kong listed companies in recent years).
JunHe acted as PRC legal for exclusive sponsor and provided a series of legal services including restructure, due diligence and interviews on domestic entities, assisted the company to adopt targeted reform and compliance measures, and conducted detailed responses to issues and concerns of the HKEx. The JunHe team’s consistent, rigorous working attitude and professionalism was highly recommended by PuJiang International, exclusive sponsor and other intermediaries.
The leading partner for the project was Mr.WANG, Yi