Tian Yuanserved as the issuer for the IPO and listing of Fujian Longma Environmental Sanitation Equipment Co., Ltd.in the main board of Shanghai Stock Exchange on January26, 2015. Longma offered 33.35 million shares at the price of RMB 14.86per share and raisedRMB 450 million, and the closing price of its first day reached RMB 21.40 with a highest rise amount of 44%.
Longma is one of the main supplier of professional sanitation equipment in China, and its primary business is to research, develop and sale the sanitation equipment of cleaning, garbage collection and new energy cleaning. And now it has developed into comprehensive products series of 3 kinds of the mentioned sanitation equipment with 21 series of more than 177 assortments. Longma enjoys 74 patents and has established a marketing channel and after service of wide range, scientific management and efficient operation. Its products are spread to all China and some of the Middle East and Southeast Asia, and the output of advanced sanitation equipment and garbage collection equipment in the recent three years rank the third in China.
Partner Zhou Shijun and his team in Tian Yuan served as the counsel of Longma and provided full legal services for its listing.