On October 15, 2019, Keboda Technology Co., Ltd. (Stock Short Name: Keboda, Stock Code: 603786) was listed on the Main Board of the Shanghai Stock Exchange (SSE). In this IPO, 40.1 million shares of common stock, at a price of RMB 26.89 per share, were issued and a net amount of approx. RMB1.02 billion was raised.
Keboda is a system solution provider for automotive intelligent and energy-sufficient electronic components. The company focuses mainly on technology research, development, production and sales of main light source controllers, auxiliary light source controllers, atmosphere light controllers and small and medium-sized motor control systems.. Headquartered in Shanghai, Keboda has established subsidiaries in Zhejiang, Chongqing, Shandong, Jilin, Beijing, Germany and the United States. Keboda's main end users include the Volkswagen Group (including its subsidiaries Audi, Porsche, Bentley and Lamborghini), Daimler, Jaguar Land Rover, FAW Group, SAIC Volkswagen and dozens of world-renowned vehicle makers. It enjoys an outstanding reputation in the field of global automotive electronics, especially automotive lighting electronics.
As the legal counsel of the issuer (Keboda), JunHe's main work in the matter included: (1) assisting Keboda to consummate its domestic and foreign restructuring, restructure and establish a joint-stock company, and land PEs and cross-border investors; (2) issuing legal opinions and lawyer's work reports; (3) drafting, reviewing and revising other application and issuance documents related to the subject IPO of Keboda on the A-share market, and (4) assisting Keboda to consummate its actions in listing guidance/acceptance by, listing application to and on-site inspection by the CSRC and answer the feedback questions from the CSRC. With their professional, efficient and practical teamwork, JunHe assisted Keboda in eventually obtaining approval from the CSRC and successfully listing on the Main Board of the SSE.