AllBright Client Listed on Zhejiang Equity Exchange
2013-01-0711340On December 26, 2012, Hangzhou Bay Industrial Co., Ltd was successfully listed on the Zhejiang Equity Exchange Co., Ltd. The client was advised by AllBright Senior Partner Shen Guoquan’s team members, Associates Li Yunlong and Pei Lijing.
Hangzhou Bay Industrial is a third-party steel material logistic service provider, whose three key business sections are steel market development, logistics and e-commerce. Its core operation includes developing and leasing iron and steel markets, dock warehousing and transportation, financial collateral arrangements, developing and operating online steel markets, and online trading of iron and steel products, etc.
Equity exchanges are often referred to as “fourth board markets.” Compared with those “new third board markets,” which were coordinated by regulators, regional equity exchanges are more market-oriented. They offer lower thresholds for listed companies and investors. While the main board markets have frozen their IPOs, AllBright’s entry into fourth board markets is a new attempt to meet the changes of China’s capital market. Before Hangzhou Bay Industrial, AllBright Senior Partner Xu Jun as well as his team members, Associates Zhou Hefeng and Li Mingwen, advised the Zhejiang Zhongye Ecological Agriculture Development Co., Ltd on their listing on the Zhejiang Equity Exchange on October 8, 2012.
