Dentons advises Wellhope Agri-tech Joint Stock Co., Ltd. on private share offerings

On September 3, 2018, the private offering of shares of Liaoning Wellhope Agri-tech Joint Stock Co., Ltd. (stock name: Wellhope; stock code: 603609) successfully gained approval from the China Securities Regulatory Commission. A Dentons China team provided a full scope legal assistance to the company.

Founded in April 1995, Wellhope has grown into an influential large-scale farming and animal husbandry enterprise in the global livestock industry. It is mainly engaged in four sectors, including feed production, meat and poultry industrialization, feed raw material trade and related businesses, as well as pig breeding, food processing, and pets medical care. The proceeds from the private share offering shall not exceed RMB 1002.4992 million (including this number), and all of the funds will be invested in its cooked food processing and pig breeding farm projects after deducting the issuance expenses.

The project was jointly completed by Dentons lawyers from Beijing and Shenyang. The team was led by senior partner Yu Xugang, with support from partners Zhao Yinwei and Shi Jiaqi, and associates Kang Ping and Zeng Ruolin.