2025.09.11
JunHe acted as the PRC legal counsel to the placement agent in XtalPi Holdings Limited’s (Stock Code: 2228.HK) recent share placement. 286 million new shares were issued, raising a total of approximately HKD 2.653 billion (USD 341 million). Since its listing, XtalPi Holdings has raised over USD 754 million, making it one of the largest fundraising technology companies listed on the Hong Kong Stock Exchange.
XtalPi provides intelligent automation solutions for industries such as petrochemicals, new energy, new materials, and drug research and development, redefining research paradigms in the intelligent era. JunHe‘s team was fully involved in this share placement project and assisted with legal due diligence. They coordinated with the various intermediaries to prepare and review the complete set of legal documents for the China Securities Regulatory Commission's filing for the overseas issuance of additional shares by the overseas-listed companies.
Mr. TAO, Xudong, Mr. LIN, Jiayu (Paul), Mr. ZHANG, Jianwei, and Ms. ZHANG, Zhijin (Jean) were the leading partners for this project and Mr. YAO, Jiwei (Jervis) served as the internal review partner.
XtalPi's listing was the first IPO under the new Chapter 18C special technology company listing rules of the Hong Kong Stock Exchange. JunHe acted as the Chinese legal counsel to the sole sponsor and underwriter, and again served as the Chinese legal counsel to the placement agent in the company's first and second new share placement projects after its listing in January and February 2025, respectively.
