2026.06.29
On June 26, 2026, SG Micro Corp (stock code: 300661 on the Shenzhen Stock Exchange, 3661 on the Hong Kong Stock Exchange) successfully listed on the main board of the Hong Kong Stock Exchange, completing an important strategic layout for dual listings in both the A-share and H-share markets. This global offering included a total of 54,001,200 H-shares (subject to the exercise of the over-allotment option), with each share priced at HKD 85.20, raising a total of approximately HKD 4.6 billion (approximately USD 590 million) before the exercise of the green shoe option.
SG Micro Corp is a leading analog integrated circuit company in China and specializes in the research and sales of analog integrated circuits. With robust design and process capabilities, the company provides a wide range of differentiated analog and mixed-signal products and solutions to its customers. SG Micro Corp has been involved in the analog chip field for nearly 20 years. Its products are the signal chains, power management, sensors and memory widely used in the industrial and energy, automotive, networking, computing and consumer electronics sectors. According to Frost & Sullivan, in 2025 SG Micro Corp was the largest domestic analog integrated circuit manufacturer in China, consistently ranking first among domestic companies in several sub-categories such as amplifiers, comparators and ADC/DAC.
JunHe has long accompanied SG Micro Corp in its capital market activities, providing comprehensive legal services for nearly a decade. In this project, JunHe served as the issuer's Chinese legal advisor and its international sanctions and data compliance special legal advisor. We assisted the company in completing various legal tasks involved in the issuance and listing application process. Despite a very tight schedule, the project team efficiently completed all the legal work, issuing Chinese legal opinions, international sanctions compliance memoranda and data compliance special reports. We responded to the legal issues raised by the China Securities Regulatory Commission and the Hong Kong Stock Exchange and assisted the company in its communications with the regulatory authorities. JunHe fully leveraged the coordination advantages of its project teams across different professional fields, earning trust and unanimous recognition from the company and the other intermediaries with its listing experience and professional and rigorous service attitude.
The lead partner for this project was SHI, Tiejun. The main handling partners for the Chinese legal advisory were SUN, Xiao and CUI, Jian. The data compliance advisor was LIU, Yang and the international sanctions advisors were TANG, Weiyang (David), CAI, Juanqi (Jessica), WANG, Siyu (Rain) and LIU, Yijing (Eloise). The internal review partner was SHANG, Shiming (George).
