On August 7, 2023, Hua Hong Semiconductor Limited (HKEx stock code: 01347.HK, "Hua Hong Semiconductor") officially listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange (A-share stock code: 688347). Llinks, as the legal counsel for Hua Hong Semiconductor, worked closely with the company and its management, as well as various securities service institutions, to facilitate the issuance and listing.
As a red-chip company already listed on the Hong Kong Stock Exchange, Hua Hong Semiconductor raised a total of 21.2 billion yuan in this A-share issuance, making it the largest IPO project on the Sci-Tech Innovation Board in terms of fundraising size so far in 2023.
Company Profile
With a core of excellence and a vision of the future, Hua Hong Semiconductor has won wide recognition from global customers for its outstanding specialty process technology strength, reliable product performance and quality, and stable production capacity supply ability. The company focuses on the advanced "specialty IC + power devices" strategic goal, maintains rapid growth in business scale, and has developed into a global leading wafer foundry company with the most comprehensive coverage of specialty process platforms.
Llinks, as the legal counsel for the issuer, provided full legal services for the issuance, including legal due diligence, verification of issuance plan, issuance of legal opinions and lawyer's work report, verification of legal documents, response to inquiries and other tasks.
Since the establishment of the Sci-Tech Innovation Board, Llinks has been committed to leveraging its professional service advantages and has successfully helped many excellent technology companies expand their innovation and development careers with the help of the capital market. The pioneering projects undertaken by Llinks include: the first listed company on the Sci-Tech Innovation Board - Huaxing Yunchuang, the first approved company on the Sci-Tech Innovation Board - Microchip Biology, the first major asset restructuring project on the Sci-Tech Innovation Board - Huaxing Yunchuang's issuance of shares to purchase assets, the first company with weighted voting rights on the Sci-Tech Innovation Board - UCloud (underwriter's legal counsel), the first state-owned "A-split-A" stock - Electric Wind Power, the first IPO fundraising stock on the Sci-Tech Innovation Board in 2022 - United Imaging Medical… This time we are honored to act as the issuer's lawyer to assist Hua Hong Semiconductor, a leading wafer foundry company, to land on the Sci-Tech Innovation Board. It is another milestone project for Llinks to uphold its innovative spirit and actively participate in the innovation and development strategy. We sincerely wish Hua Hong Semiconductor to rely on the Sci-Tech Innovation Board platform and capital market support to continue to lead the industry development and have a bright future!
