Jingtian & Gongcheng Advises Zhejiang Hexin Industry Group on its CNY 775 Million IPO and SZSE SME Board Listing
Date:2010-01-26

January 26, 2010, Zhejiang Hexin Industry Group Co., Ltd. launched its initial public offering (IPO) on the Shenzhen Small and Medium-sized Enterprises (SME) board, under the stock code of 002343.SZ. The share offering was priced at CNY 31.00 per share with 25,000,000 shares offered through the exchange’s trading system and raised CNY 775,000,000 in total.

 

Zhejiang Hexin is the first and biggest enterprise specialized in PU leather production in China, with an in-house capability of producing synthetic leather substrate, slurry, non-woven fabric, colorants and pigment, etc. The company has a State technology centre and also is the only PU leather producer that is recognized both as “Chinese Famous Brand” and “China Well-known Trademark”.

 

Jingtian & Gongcheng represented the issuer in the listing.

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