Guangxi Lvcheng Water C., Ltd.’s initial public offering and listing was approved by China Securities Regulatory Commission on May 21, 2015, and listed on the main board of Shanghai Stock Exchange on June 12, 2015. Lvcheng Water offered 147 million shares at the price of RMB 6.43 per share and raised about RMB 871 million.
Lvcheng Water is a limited company established by Guangxi People’s Governmentfor the water production supply and sewage treatment. It is the leading company of water supply and sewage in Nanning, and its initial public offering and listing is also the important project supported by the government of the Guangxi Zhuang Autonomous Region.
Partner Liu Yan, Zhenkai Shi, Liu Dong and their team in Tian Yuan provided full legal services for Lvcheng Water’s IPO and listing. In this transaction, Tian Yuan not only served for regular law affairs, but also advised in all kinds of problems in the charge mode, franchising, and compliance supplement & completion, making the listing legal and ordered.