Basic facts:
Project Background: Jiangsu Skyray Instrument Co., Ltd. is a leading high-tech enterprise in China that is engaged in the R & D, production and sales of X-ray fluorescence spectrometer and other chemical analysis instruments. In 2008, in order to seek greater development, the former of this Company, Jiangsu Skyray Information Technology Co., Ltd. officially launched the Company’s IPO project.
Main legal services: The IPO project team established by our law firm and other agencies has prepared the Company’s IPO plan and gradually implemented it according to the Company’s situation and characteristics, and finally realized the successful listing of the Company at the GEM of Shenzhen Stock Exchange.
The legal work of our law firm mainly involves the following aspects: Demonstration, formulation and implementation of the Company’s restructuring; the Company’s conversion from a limited liability company to a joint stock limited company and regulatory operation; the introduction of venture capital institutions; the comprehensive due diligence investigation; the preparation of the Company’s IPO materials; the feedback responses of China Securities Regulatory Commission and other work required during the IPO process. After more than two years of orderly work, our law firm has completed the Company’s entrusted affairs in high quality and relevant legal work has been highly appreciated by the Company.
Lawyers’ remarks:
As the situation of each enterprise is different, each IPO project also has its own features. This project has two features:
First, the balance between efficiency and feasibility of the Company’s restructuring. Different restructuring plan have different efficiency and feasibility; the one with high efficiency has relatively high feasibility; during the work of IPO, the balance and selection shall be made in a prudent and professional manner; otherwise, if there is a relatively large defect occurring in the process of restructuring, the IPO project may be completely destroyed.
Second, management of the Company’s a large number of intellectual properties. As a high-tech enterprise, it is certainly a good thing for the Company to own a large number of independent intellectual property rights, but more reasonable and effective intellectual property management is required for a large number of intellectual property rights, otherwise it may become the burden of IPO. IPO work does not only require us to make evaluation and standardization of the enterprise’s work comprehensively according to the laws and regulations, but also require us to make standardization and innovation of the enterprise’s certain difficulties according to the enterprise’s features under the guidance of the principles of the SRC. Such combining work requires that lawyers shall have good professional ethics, skills and experience.
Due to the high quality services we provided, our client also designate us to engage into a serious of subsequent legal service and we keep a perfect long term corporative relationship with them.