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Hylands assists Construction Engineering Advanced Technology to complete the financing of CNY 400 million
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Recently, Hylands Law Firm and Capital Securities jointly assisted BCEG Advanced Construction Materials Technology Co. Ltd. (Construction Engineering Advanced Technology) to complete the initial private issuing of shares on the NEEQ (stock code: 872287).
Construction Engineering Advanced Technology is a subsidiary of BCEG. Its shares were publicly listed for transfer on NEEQ on November 2, 2017. Construction Engineering Advanced Technology mainly engages in the R&D, production, and sales of precast concrete components. At present, its main products are precast concrete shield segments, which are mainly used in the subway, power, water conservancy, and other industries.
The issue price of the private issuance of shares of the Construction Engineering Advanced Technology is CNY 5.03 per share, with a total raised capital of CNY 400 million. The raised capital will be mainly used for the construction of the fabricated PC project in Yutian County, Hebei, which will help Construction Engineering Advanced Technology to expand its production capacity and seize the opportunity in the urban construction in the Beijing-Tianjin-Hebei region.
As the special legal adviser of the private issuance of shares, Hylands Law Firm assigned a project team composed of partners and attorneys Qun XIAO, He GAO, and Xiaojun DU, to provide professional legal services for the Construction Engineering Advanced Technology in the aspects of the design of transaction structure, drafting of transaction document, due diligence, and issuance of legal opinions.