News

DeHeng Advised LongRuan Technologies' IPO

on Science and Technology Innovation Board of SSE

2019-12-31


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On December 30, 2019, Beijing LongRuan Technologies Co., Ltd.(hereinafter referred to as "LongRuan Technologies") was successfully listed on the Science and Technology Innovation Board of Shanghai Stock Exchange, The stock is referred to as "LongRuan Technologies" and the stock code is 688078.


Founded in 2002, LongRuan Technologies is a high-tech company based on independent research and development of professional geo-information system platform. It uses technologies such as the Internet of Things, big data and cloud computing to provide industrial application software for the workplace safety and smart mining of coal companies and integrated IT solutions for their whole business process. It provides government emergency and supervision departments, scientific research institutes and industrial parks with comprehensive solutions for smart emergency response and safety regulation, with the deep integration of modern information technology and safety production. It is a leading company in the Chinese coal industry specialized in the R&D and application of geo-information processing technologies aimed for smart mining and production safety. It is also a mainstream supplier of integrated solutions for the IT-enabled management of production safety and smart mining. Its self-developed series of coal mine GIS software meet the comprehensive needs for analyzing the complicated geological conditions of underground mines. The LongRuan GIS platform and geological survey and space management software have attracted 1,400 users, including coal mine entities and research institutes.


LongRuan Technologies is the first stock of industrial software for coal industry on the Science and Technology Innovation Board. The IPO issued 17.69 million shares at the price of 21.59 yuan per share, and the total amount raised was 382 million yuan.


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As the issuer's legal counsel, the DeHeng team was led by partner Zhao Yanan, with Bi Yumei and Zhu Simeng as the lead lawyers and with primary support from Zhu Bingqian, Deng Yue and Tang Xinxin. They worked closely with the issuer, sponsors and audit agency and provided comprehensive, professional, efficient and high-quality legal services for the IPO.

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