JunHe Advises Xiaomi Corporation on its HKD 42.5 Billion Share Placement
On March 31, 2025, Xiaomi Corporation announced on the Hong Kong Stock Exchange that it had completed the placing of existing shares and the top-up subscription of new shares under a general mandate (the “Placement”). A total of 800 million new shares were issued in the Placement, raising approximately HKD 42.5 billion after deducting expenses. …
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JunHe Advises Ascentage Pharma on its NASDAQ Listing
On January 24, 2025, Ascentage Pharma Group International (“Ascentage Pharma”, the “Company” or the “Issuer”) (NASDAQ: AAPG, HKEX: 06855) issued 7,325,000 American depositary shares and was listed on the NASDAQ, raising funds exceeding USD 126 million. Ascentage Pharma is a global biopharmaceutical enterprise in the commercialization stage. It develops innovative drugs in areas such as …
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JunHe Advises Geek+ on its Dual-class Share Listing on the Hong Kong Stock Exchange
On July 9, 2025, Beijing Geekplus Technology Co., Ltd. (‘Geek+’), stock code: 2590.HK) issued overseas listed ordinary shares and was listed on the main board of the Hong Kong Stock Exchange. Geek+ is the first H-share listed company to implement an ‘AB share’ structure (i.e., a differentiated voting rights arrangement). This marks another milestone for …
JunHe Advises on Black Sesame’s H-share Placement
JunHe acted as the PRC legal counsel to the placement agent in the recent share placement by Black Sesame International Holding Limited (“Black Sesame”, HKEX: 2533). Black Sesame issued a total of 53,650,000 ordinary shares, raising approximately HK$1.24 billion (US$160 million). Black Sesame is a supplier of automotive-grade computing SoCs and SoC-based intelligent vehicle solutions. …
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JunHe Advises on Chifeng Gold’s Listing on the Main Board of the Hong Kong Stock Exchange
On March 10, 2025, Chifeng Jilong Gold Mining Co., Ltd. (“Chifeng Gold”) was listed on the main board of the Hong Kong Stock Exchange, with the stock code 6693. The listing of Chifeng Gold raised approximately HK$ 2.8 billion. Chifeng Gold is dedicated to the exploration, mining and processing of gold and other non-ferrous metals. …
JunHe Advises on Zhaojin Mining’s HKD 1.98 billion H-Share Placement
On March 31, 2025, Zhaojin Mining Industry Co., Ltd. (Zhaojin Mining, stock code: 1818.HK) announced the successful placement of 140 million H shares. The new H-shares were placed at an issue price of HKD 14.16 per share, raising approximately HKD 1.98 billion. This was the largest priced placement by a non-ferrous metals manufacturer on the …
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JunHe Advises PegBio on their HKEX Listings
On May 27, 2025, PegBio Co., Ltd. (“PegBio”, the “Company” or the “Issuer”, stock code: 2565.HK) issued 19,283,500 ordinary shares and was listed on the main board of the Hong Kong Stock Exchange. PegBio is the first company to dismantle its red-chip structure and list under the Trial Measures for the Administration of Overseas Issuance …
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JunHe Assists CM Bermuda in its Debt Restructuring and Sale of SPNT Shares
On December 30, 2024, CM Bermuda Limited (“CM Bermuda”) entered into an agreement with NYSE-listed SiriusPoint Ltd. (NYSE: SPNT), under which SiriusPoint would repurchase all ordinary shares and warrants held by CM Bermuda in SPNT for a total consideration of approximately USD 726 million. SiriusPoint would pay the amounts in two installments. The first installment …
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JunHe Assists Dongying in the Court Approval of its Reorganization Plan
On October 24, 2024, the reorganization plan of Shanghai Dongying Real Estate Co., Ltd. (“Dongying”) was approved by the People’s Court of Pudong New Area of Shanghai Municipality. JunHe’s Shanghai office (“JunHe”) acted as the reorganization administrator and assisted Dongying in achieving an important milestone in the work of ensuring timely deliveries of presold homes. …
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JunHe Assists Fibocom in Achieving Dual Primary Listings in A+H Markets through its HKEX Main Board Listing
On October 22, 2025, Shenzhen Fibocom Wireless Inc. (Fibocom, stock code: 0638.HK) issued 135,080,200 H shares (before exercising the over-allotment option) and was listed on the Main Board of the Hong Kong Stock Exchange. The issue price was HKD 21.50 per share, and the fundraising scale was approximately HKD 2.904 billion (before exercising the over-allotment …