2026.03.20
On March 20, 2026, Zhejiang Xinhengtai New Materials Co (Xinhengtai) completed its public offering of shares to unspecified qualified investors and was listed on the Beijing Stock Exchange (BSE). Xinhengtai issued 41.09 million new shares at an offering price of RMB 9.40 per share, raising a total of approximately RMB 386 million.
Xinhengtai specializes in the research, development, manufacturing and sales of functional polymer foam materials and is known for the large-scale production of various foam materials. Its products include chemically cross-linked polyethylene foam (PE Foam), electron-irradiated cross-linked polyethylene foam (IXPE), and microporous polypropylene foam (MPP), which are widely used in fields such as architecture, new energy batteries, communications and consumer electronics.
JunHe provided comprehensive support through the company's journey to the capital market. This included assisting the company with ongoing legal compliance, employee equity incentives, multiple rounds of equity financing and the restructuring and establishment of a joint-stock company. In 2024, JunHe assisted the company in its listing on the Innovation Tier of the National Equities Exchange and Quotations (NEEQ). As the issuer's lawyer, JunHe provided professional and efficient legal services for the company's initial public offering on the BSE. JunHe's team was recognized by the company and the other intermediary institutions for their rigorous and efficient work style and professional and meticulous service approach.
The lead partner for this project was ZHAO, Jikui. Partner LIU, Xin provided the internal review as well as important guidance for the project.
