Jingtian & Gongcheng Advises Logory on the Listing of H-Shares in Hong Kong
Date:2023-03-09

Logory Logistics Technology Co., Ltd. (“Logory”, Stock Code: 02482.HK) completed the IPO of overseas listed foreign shares (H-shares) and listing on the Main Board of the Hong Kong Stock Exchange, becoming the first Chinese company to go public on the Hong Kong Stock Exchange after the 2023 Chinese New Year holiday. While listing 43,211,000 H-shares (the over-allotment option is not exercised), Logory, with ICP license for foreign-funded enterprises, also applied for the conversion of some of its unlisted domestic shares into H-shares and listed them on the Hong Kong Stock Exchange, realizing the “full circulation” of some of its H-shares.

 

As the legal adviser to the issuer, Jingtian & Gongcheng provided comprehensive, professional and full-process legal services for Logory regarding the listing and the “full circulation” of H-shares, including conducting comprehensive legal due diligence, analyzing and addressing key legal issues, assisting the issuer in communicating with domestic government departments, reviewing and revising the prospectus, assisting the issuer in applying for the listing and “full circulation” of H-shares, making legal submissions, and answering inquiries from the China Securities Regulatory Commission and the regulator of Hong Kong's securities.

 

Meanwhile, as the special consultant on Internet and data law to the issuer, Jingtian & Gongcheng’s legal team of data security law assisted Logory in conducting Internet and data law due diligence, rectifying compliance plan, making special legal submissions, and answering inquiries from the regulator, ensuring the successful listing of Logory.

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