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JunHe assisted in the listing of CITIC Press Corporation on the National Equities Exchange and Quotations (NEEQ)

2015.12.20

CITIC Press Corporation (hereinafter, “CITIC Press” or the “Company”) received the reply letter from the National Equities Exchange and Quotations Company Limited on October 30, 2015, indicating its agreement to the listing of CITIC Press on the NEEQ; thereafter, CITIC Press was listed and transferred publicly on the NEEQ on November 26, 2015.


CITIC Press is a subsidiary indirectly wholly owned by CITIC Limited (SEHK: 267), a Hong Kong-listed subsidiary of the CITIC Group Corporation, and is the “national team” in the PRC press market. CITIC Press is a large-scale company with a considerable number of subsidiaries.  Considering the tight schedule required by the Company and the need of approval from the competent State-owned and business regulatory authorities and the HKEX, high expectations were placed on the work to be done by intermediaries. JunHe’s team maintained compliance with its principles on work without giving up flexibility, and performed and completed the legal services on schedule in an efficient manner. CITIC Press is the first State-owned publishing business listed on NEEQ, and therefore this project is a milestone transaction. As an outstanding State-owned publishing business with diversified business and good performance, CITIC Press is regarded as a representative stock on the “New Third Board” in the future.


The partner leading the work for this project is YUAN, Jianan, and the lawyers are QU, Huiqing and Ms. Ye Junli.

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.