On January 15, 2020, Beijing Enterprises Urban Resources Group Limited (“BEUR” or the "Company") listed on the main board of the Stock Exchange of Hong Kong (SEHK) with the stock code of 3718. The BEUR issued 900 million common shares (depending on whether overallotment options are exercised in full) globally at a price of HKD0.69 per share, and HKD 621 million was raised to investors.
As a Chinese integrated waste management solutions service provider, BEUR currently focuses on providing environmental health and hazardous waste treatment services, both of which are highly fragmented in the PRC market. By June 30, 2019, the Company had derived revenue from 112 environmental health projects and carried out environment health business in 23 provinces, municipalities and autonomous regions. In respect of the hazardous waste treatment business, the Company can handle 38 of the 46 categories of major hazardous wastes included in the National Hazardous Wastes Catalogue. BEUR mainly provides hazardous waste treatment and safe disposal services for industrial companies and medical institutions, including the collection, transportation, storage and disposal of medical wastes and industrial solid wastes and other wastes.
As the PRC legal counsel of the Company, JunHe provided the Company with high quality and effective legal services. It assisted the Company in completing the pre-listing restructuring, advised the Company on various legal issues involved in the listing, and reviewed and revised various transaction documents for the Company. It also provided detailed interpretations and responses with respect to the key issues raised by the SEHK and the SFC under PRC law. With JunHe’s assistance, the Company finally obtained the approvals and consents from the SEHK in respect of the Company’s listing application successfully.
The leading partner of this project was SHI, Tiejun and LI, Zhi.