Jingtian & Gongcheng Advises on Resun's Listing on Main Board of SZSE
Date:2021-12-08

Recently Hunan Resun Industrial Co., Ltd. (“Resun”; Stock Code: 001218.SZ) has completed its IPO and listing on the Main Board of the Shenzhen Stock Exchange (SZSE).

With a long history, Resun was formerly Hunan Daily Chemical Factory that was established in 1956 and transformed into a private enterprise in 2002 through state-owned enterprise reform. The company based on the field of fine chemicals is mainly engaged in the R&D, production and sales of surfactants and detergents. Surfactants developed and produced by the company are core raw materials of personal care and home washing products such as shampoo, shower gel, hand sanitizer, laundry detergent and detergent powder. After decades of development, the company's key products ranked top in China. The company's existing surfactant products mainly target the high & medium-end washing and care market. The company's customers include P&G, Blue Moon, Cnice, Walch, Jinlongyu Jiejin, L'OREAL, Schwarzkopf, Coty, Johnson & Johnson, Adolph, Bawang, Yunnan Baiyao, Difaso and Colgate.

As the legal adviser to the issuer, Jingtian & Gongcheng's legal team provided full-process legal services for the IPO and listing of Resun, including assisting the company in addressing historical equity-related problems, conducting comprehensive legal due diligence, analyzing and addressing key legal problems, assisting in shareholding reform and employee equity incentive, assisting in answering inquiries from the regulator, designing and implementing the IPO scheme. The team was highly trusted and recognized by the client and intermediaries for its strict work attitude, as well as timely and efficient services.

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