Dentons China achieved IPO Approval for Solex Technology

On July 11, 2019, Dentons China advised Xiamen Solex Technology Co., Ltd. (hereinafter referred to as “Solex Technology” or “Company”) on its IPO submission which was successfully approved on the 77th work meeting of the 18th Issuance Review Commission of the China Securities Regulatory Commission. GF Securities Co., Ltd. acted as the sponsor institution, Tianjian Certified Public Accountants acted as the auditor, and Dentons China acted as the legal service provider for the issuance in this project.

Wang Enshun, senior partner, and Pang Yunlong, partner of Dentons China, teamed up with Li Min and Rong Xuejiao, lawyers of Dentons China and provided quality and efficient comprehensive legal service, including due diligence, standardized counseling and reporting, feedback, submitting for CSRC’s approval, etc. and helped Solex Technology succeed at the meeting review with a rigorous and pragmatic working attitude and outstanding service standard. The project team's professional and quality comprehensive legal services have been recognized and praised by the clients.

Founded in 2004, Solex Technology is primarily engaged in the development, production and sales of bathroom accessories such as showers, shower systems, faucets, hoses, lifting rods and spare parts. Since its establishment, the company has been committed to providing first-class bathroom accessory products and services to the world's leading bathroom accessory enterprises and large chain building material retailers. With outstanding product design capabilities, the design team has won many top international industrial design awards, such as “iF Product Design Award”, “Red Dot Award”, “IDEA” and “G-Mark”. The company boosts leading technological research and development capability and its main products that have been certified by authorities in the European Union, the United States, Canada, Australia and other countries or regions.

The company intends to get listed on the Shanghai Stock Exchange with a newly issued share number of no more than 41 million. It plans put its raised funds into faucet and shower system relocation and expansion projects, showers and accessories expansion and technical transformation projects in order to meet the company's development needs.