29 July 2021
On June 17, 2021, Hangzhou Coco Healthcare Products Co., Ltd. (hereinafter“COCO” or the “Company”) listed on the Shenzhen Stock Exchange’s ChiNext Board with the stock code 301009. The Company issued 67.97 million new A-shares, raising approximately RMB 852 million. JunHe acted as legal counsel for the Company.
Since its founding in 2001, COCO has been focusing on the R&D, manufacturing and sale of disposable hygiene products. The Company adopts the mode of development of “ODM + Self-Owned Brand Due-Wheel-Drive” and its products are top sellers in both the domestic and overseas markets. COCO has won numerous awards over the years including being named in the top 10 enterprises in China's baby diaper industry in 2018, 2019 and 2020, and in the top 10 enterprises in China's adult incontinence products industry in 2018, 2019 and 2020. From 2017 to 2020, the Company and its“COCO” brands ranked as number one in domestic manufacturers and brands of adult incontinence products (according to its sales index). The “COCO” brand has been the sales champion for many consecutive years and won the single products category champion on Taobao’s online trading platform (including Tmall.com). It has great influence in the marketplace.
JunHe as the issuer’s legal counsel for this project provided complete, continuous and in-depth legal services for the IPO of COCO, assisted the Company in sorting out major legal issues and rectifications, pre-listing counseling and declarations for the listing. JunHe team replied to feedback from the Shenzhen Stock Exchange and China Securities Regulatory Commission and assisted in the Company’s shareholder penetration check. JunHe has always been recognized and trusted by the Company and other intermediaries for its rigorous and efficient work style as well as its meticulous and dedicated service attitude.
This IPO coincided with the reform of the registration-based IPO system on ChiNext. JunHe team assisted the company in its timely application and acceptance after the registration-based IPO system on ChiNext officially came into effect. This makes COCO one of the first batch of companies to declare and go public since the registration-based IPO system came into effect on the ChiNext.
For further information, please contact:
chenxn@junhe.com
