On June 27, 2023, Yingde Greatchem Chemicals Co., Ltd. (“GREATCHEM” or the “Company”), with JunHe acting as the issuer’s legal counsel, completed its initial public offering of 18.5 million shares of its common stock at a price of RMB 42.45 per share. The shares were listed on the Shenzhen Stock Exchange (SZSE) ChiNext Market under the stock code 300804. As a result of this offering, the Company estimates to receive proceeds of RMB 785.325 million in total.
Founded in October 2003, GREATCHEM is a high and new technology enterprise focusing on the research and development, production and sales of raw materials, intermediates and formulations of pesticides. It is one of the leading suppliers of succinate dehydrogenase inhibitors (SDHI), trichloromethylsulfur fungicides, bifenazine acaricides, and pyrethroid insecticides in China. The Company’s products include insecticides such as bifenazate and beta-cypermethrin; fungicides such as thiofuramide, captan, folpet, terrebendazim and wiltazol; and herbicides such as phenmedipham, desmedipham, and ethofumesate.
JunHe, acting as legal counsel to the issuer, provided professional legal services throughout the entire process of this offering, including pre-IPO compliance, shareholding reform, pre-IPO tutoring and standardization, IPO application, and responding to feedback from the SZSE and the CSRC. With its consistent delivery of efficient and rigorous legal services and detail-oriented and professional expertise, JunHe’s team was recognized by the Company and other intermediaries.