Dacheng Assists Hubei Forbon Technology Co. in Gaining CSRC Approval for IPO and GEM Listing

On July 30, 2012, the IPO application of Hubei Forbon Technology Co., Ltd. (“Forbon Technology”) was approved at the 63rd working conference of CSRC Growth Enterprise Market Public Offering Review Committee.
 
Founded in January 2007, Forbon Technology is a one of the key hi-tech enterprises included in the National Torch Program and is primarily engaged in the R&D, manufacturing, sales and service of fertilizer auxiliary products.
 
After years of growth, the company is now capable of producing 32,000 tons of fertilizer auxiliary annually that falls into six categories, including anticaking agent and multi-functional coating agent. Due to its competitiveness in R&D, product variety, distribution and service as well as overall strength, Forbon Technology has now turned itself into one of the leading enterprises in China’s fertilizer auxiliary industry and a prominent global fertilizer auxiliary provider. It plans to issue 16mln RMB-denominated ordinary shares (A-shares) for the initial public offering.
 
Dacheng acts as legal counsel for the issuer. The project team composed of senior partners Yu Xugang, Xu Feichi and Wang Fang, partner Li Jieyu, attorneys Long Zhifeng and Zhao Weichang and paralegal Zhang Jie is responsible for conducting due diligence, setting up a joint-stock company, tutoring on standardization and drafting legal documents.