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On 20 January 2023, 淮北綠金產業投資股份有限公司 (Huaibei GreenGold Industry Investment Co., Ltd.) (“Huaibei GreenGold”) successfully listed on the Main Board of The Hong Kong Stock Exchange Limited (Stock code: 02450).


Huaibei GreenGold is a state-owned construction material supplier located in Huaibei City, Anhui Province. lt is the third largest manufacturer of construction aggregates in the market of Huaibei City and its surrounding cities (including Suzhou City and Bozhou City) in 2021. lts main products include aggregate products and concrete products. Through its subsidiaries, Huaibei GreenGold has the capacity to conduct aggregate mining and processing as well as concrete production, thus laying a solid foundation for Huaibei GreenGold to capture the opportunities in the construction materials market.

DeHeng Law Offices, acting as legal advisors to the issuer as to PRC laws, formed a project team consists of Xu Jianjun, a partner of DeHeng Beijing office; Wang Yuwei, Li Xiaoxin and Zhu Liang, partners of DeHeng Shanghai office and lawyers Fan Yutong and Kou Yunmei etc. Chungs Lawyers (in association with DeHeng Law Offices), acting as legal advisors to the issuer as to Hong Kong laws, also formed a project team to fully participate in and facilitate the project. Both project teams worked closely and actively with Huaibei GreenGold and other professional parties to provide professional, comprehensive, efficient and high-quality legal services for this project.

On 12 January 2023, Beijing SinoHytec Co., Ltd. (“SinoHytec”), a company listed on the SSE STAR Market (Stock code:688339.SH), successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited (“Stock Exchange”) (Stock code: 2402) and became the first SSE STAR Market listed company to be listed on the Stock Exchange in 2023.

SinoHytec is a leading provider of fuel cell systems in China, focusing on the design, development and manufacture of fuel cell systems and stacks mainly for commercial vehicles, such as buses and trucks. SinoHytec ranked first in the PRC fuel cell system market in terms of the total power output of fuel cell systems sold in 2021, with a market share of 27.8%. As of June 30, 2022, SinoHytec’s fuel cell systems were installed on 80 models of fuel cell vehicles that are featured in the MIIT New Energy Vehicle Catalogs, ranking us first in the industry.

DeHeng Law Offices, acting as legal advisors to the issuer as to PRC laws, formed a project team led by partners Zhang Jiejun and Qiu Ru, and supported by Peng Hong, Gu Yatao, Liu Yuanjun and Wang Xin; Chungs Lawyers (in association with DeHeng Law Offices), acting as legal advisors to the issuer as to Hong Kong laws, also formed a project team to fully participate in and facilitate the project.


Both project teams worked closely and actively with SinoHytec, its sponsors and other professional parties to provide professional, comprehensive and efficient legal services for this project.

Chungs Lawyers (in association with DeHeng Law Offices) has advised Honworld Group Limited (Stock Code: 2226) (the “Company”, together with its subsidiaries, the “Group”) to successfully resume trading of its shares on the Stock Exchange of Hong Kong Limited (the “Stock Exchange”). The Group is one of the leading manufacturers of condiment products in the PRC. Trading in the Company’s shares had been suspended with effect from 30 March 2021. Pursuant to the resumption guidance (the “Resumption Guidance”) imposed by the Stock Exchange, the resumption conditions that the Company should satisfy include the following conditions:


  • žto demonstrate the Company’s compliance with Rule 13.24 of the Rules Governing the Listing of Securities on the Stock Exchange (the “Listing Rules”), which provides that the Company shall carry out its business with a sufficient level of operations and assets of sufficient value to support its operations;

  • žto conduct an independent investigation into the relevant matters, announce the investigation findings, assess and announce the impact on the Company’s operation and financial position, and take appropriate remedial actions;

  • žto demonstrate that there is no reasonable regulatory concern about management integrity and/or the integrity of any persons with substantial influence over the Company’s management and operations, which may pose a risk to investors and damage market confidence;

  • žto demonstrate that the directors of the Company meet a standard of competence commensurate with their position as directors of a listed issuer to fulfill duties of skill, care and diligence as required under Rule 3.09 of the Listing Rules; and

  • žto conduct an independent internal control review and demonstrate that the Company has in place adequate internal controls and procedures to meet obligations under the Listing Rules.


Chungs Lawyers worked closely with the Company team and the Company’s professional advisers to assist the Company in formulating the appropriate approach on fulfilling the Resumption Guidance. Chungs Lawyers assisted in communicating with the regulators, advising on the scope of the independent forensic investigations and internal control review, handling legal and regulatory issues encountered by the Company in the process of resumption, and providing training to the Company’s directors and senior management on the Listing Rules.

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