In a cross-border multi-jurisdiction capital markets and cross-border listed company stock exchange matter, Kennedy Chen, Harry Elias Partnership LLP (HEP) partner and lawyer from the HEP Corporate and Financial Services Regulation Practice Group, acted as Singapore legal adviser and Singapore management and transaction counsel to Hangzhou Changchuan Technology Co., Ltd. (“HZCCTECH”), in its application for an issuance and placement of additional stock on the Shenzhen Stock Exchange.
Up to RMB$ 3.12 Billion (estimated SGD$ 590 Million) will potentially be raised in this workout. HZCCTECH is listed on the Shenzhen Stock Exchange. As at 29 January 2026, said application has been reviewed and approved by the Shenzhen Stock Exchange.
Kennedy and his team in HEP were Singapore legal advisers to HZCCTECH and its Singapore wholly-owned subsidiary (HZCCTECH Singapore), responsible for managing matters and PRC stock exchange requirements that entailed Singapore law perspectives. Concurrently, Kennedy was overall management counsel for deal requirements involving downstream wholly-owned subsidiaries of HZCCTECH Singapore across Asia (the Republic of Korea, the Philippines and Malaysia). Grandall Law Hangzhou had been lead counsel and HZCCTECH’s PRC counsel, and HEP worked closely with them and Ms Xu Xin (Head Legal, HZCCTECH).
HZCCTECH is a major international supplier of integrated circuit equipment (including semiconductor technology) that continually sharpens its technological capability and offering worldwide. Its footprint spans Asia and globally, a market leader in the PRC and Greater China integrated circuit equipment and technology industry. HEP and Kennedy Chen are proud to be part of the present endeavour and to grow with HZCCTECH.
We are further encouraged and aim to continue fruitfully assisting corporations with the desire and ambition to expand their global footprint meaningfully and intentionally with Singapore in mind.