Dacheng Attorneys Advise Two Companies on Post-expansion New Third Board Listings

On September 7, 2012, a ceremony was held at Beijing Zhengxie Hotel to celebrate the listings of the first eight joint stock limited companies from national high-tech science parks on the post-expansion new third board. The ceremony also witnessed the inking of a memorandum of cooperation between CSRC and governments of provinces where the pilot science parks are located. The eight listed companies come from Beijing Zhongguancun Science Park, Shanghai Zhangjiang Hi-tech Park, Wuhan East Lake New Technology Development Zone and Tianjin Binhai Hi-tech Industrial Development Zone respectively, with two from each of the hi-tech parks or zones. Amongst the companies, two were advised by Dacheng on their listings, i.e. Tianjin Ruixin Light Alloy Co., Ltd. (“锐新昌”, Code No.: 430142) and Beijing UP-Can Environmental Protection Engineering Tech. Co.,Ltd. (“安普能”, Code No.:430136).
 
The project team for Ruixin comprised senior partner Yu Xugang, senior partner Wang Jiao who is also head of Dacheng’s Tianjin office, attorney Zhu Xuqi and paralegals Ren Beibei and Zhang Jie. On September 4, 2012, Ruixin gained approval for filing from the Securities Association of China (“SAC”) on its entering the agency share transfer system. Ruixin is primarily engaged in the R&D, manufacturing and distribution of high-precision aluminum alloy radiators used in power electronics, telecommunications, frequency control and LED lighting and all kinds of extruded aluminum alloy materials and highly-processed products applicable in such industrial sectors as automobile, healthcare, electric power, autocontrol, subway trains and other vehicles.
 
The other project team advising Up-can was composed of Dacheng senior partners Ping Yunwang, Wang Zuwei and attorney Zhu Xuqi, with the former two acting as handling attorneys. Up-can was approved by SAC for filing on August 31, 2012. The company’s core business lies in technology service, system design, equipment sets supply, engineering contracting and equipment maintenance in the field of flue gas cleaning and comprehensive energy use. It produces dry bag-filtered BFG (blast furnace gas) dedusting equipment for furnaces sized 1000m3 and above that are commonly used in the iron and steel industry.
 
The delivery of service in the context of the expansion of the new third board market enhanced the brand of Dacheng as a full service firm. It broke new ground for Dacheng in serving SMEs looking to expand financing channels and improve overall competitiveness.