On March 7, 2023, Boen Group Co., Ltd. ("Boen Group" or the "Company") made an IPO on the Main Board of the Shenzhen Stock Exchange with the stock code 001366. Boen Group issued 40.35 million new shares at an issue price of RMB 9.32 per share, raising a total of RMB 376 million. JunHe acted as the counsel to the issuer for this IPO.
Boen Group was established in May 2006. It is a nationwide animal feed enterprise, which has been rated as one of the “Top 30 Feed Enterprises in 2020”, “Top 20 Feed Additive Enterprises in 2020” and “Top 10 Bio-feed Leading Enterprises in the Animal Husbandry Feed Industry in 2020”. Its main business is the research and development, production and sales of animal feed.
JunHe was the counsel to the issuer and provided one-stop professional legal services for this IPO. This included the regulation of the pre-IPO operation of the company, establishing an employee shareholding platform and shareholding reform, submitting the application for the IPO and replying to inquiries from the China Securities Regulatory Commission. JunHe’s deal team had a consistently efficient and rigorous work style and a meticulous and professional service attitude and was widely recognized by the Company and other intermediaries.
Partner HUANG, Xiaoli (Ally) led JunHe’s deal team for this project and partner YAO, Jiwei (Jervis) primarily undertook the work, Additional support came from partner LI, Ruochen for the internal review, with strong support from counsel KE, Xiang.