×

Open WeChat and scan the QR code
Subscribe to our WeChat public account

HOME Overview Professional Field Industry Field Professionals Global Network News Publications Join Us Contact Us Subscribe 锦天城二十周年 CN EN JP
HOME > News > Transactions and Cases > ABL Advise China Xiangtai Food Co., Ltd. Trading on Nasdaq

ABL Advise China Xiangtai Food Co., Ltd. Trading on Nasdaq

 2019-08-152477
[Summary]On August 14, 2019 EST in the USA, China Xiangtai Food Co., Ltd. and its subsidiaries Chongqing Penglin Food Co., Ltd. and Guangan Yongpeng Food Co., Ltd. (the “Company”), represented by ABL Lawyers, started trading on the Nasdaq Capital Market (“Nasdaq”) in the USA under the ticker symbol “PLIN.”

On August 14, 2019 EST in the USA, China Xiangtai Food Co., Ltd. and its subsidiaries Chongqing Penglin Food Co., Ltd. and Guangan Yongpeng Food Co., Ltd. (the “Company”), represented by ABL Lawyers, started trading on the Nasdaq Capital Market (“Nasdaq”) in the USA under the ticker symbol “PLIN.”


The Company previously announced the closing of its initial public offering (“IPO”) on May 10, 2019. The Company’s listing was reviewed by Nasdaq and the Company made modifications after the IPO announcement in accordance with the new listing rules of Nasdaq. The Company subsequently passed the Nasdaq review and became one of the first companies to successfully list after the new Nasdaq listing rules came into effect.


The Company issued 1,172,360 ordinary shares to the public at a price of $5.00 per share and raised nearly US$6 million in this IPO.


The AllBright legal team, led by senior partner Steve Zhu and included partner Joy Huang, partner Frank Xu and associate Ken Lin, served as the legal counsels to the Company on its IPO and Nasdaq listing and advised on PRC legal matters.



中国香态食品有限公司纳斯达克挂牌照片.jpg