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Hengdu Client Nanofilm up 12% on debut

Nov 04,2020

Recently, Hengdu client Nanofilm Technologies International successfully listed on the main board of the Singapore Exchange. As the first local technology unicorn company listed in Singapore, Nafeng Technology rose more than 12% on its first day of listing, with a market capitalisation of about S$1.7 billion. In this IPO, Nafeng Technology sold a total of 77.24 million shares, priced at S$2.59, raising a total of S$470 million, the highest amount of new capital raised this year.

Founded in 1999, Nafeng Technology is a high-tech branch of Nanyang Technological University and a leading provider of nanotechnology solutions in Asia, providing high-tech solutions for a wide range of industries with know-how and core competencies in research and development, engineering and production. Nafeng Technology helps clients achieve high added value for end products in a green and sustainable way. The company's operations are divided into three parts: advanced materials, nano-manufacturing and industrial equipment, and play a key role in several key product applications for blue-chip customers, with a high degree of customer intimacy and customer stickiness. The main products of Nafeng technology are vacuum coating service and vacuum coating equipment. In addition to its headquarters in Singapore (NTI), it also has branches in Shanghai (NVC and NRET) and Tokyo (NTJL) in Japan, and currently employs approximately 1,200 people worldwide. 

With in-depth expertise and extensive network in core markets, Heng has provided professional legal services to dozens of companies with a market capitalization of more than 100 billion yuan, including: Sinopec, PetroChina, China Mobile, China Telecom, China Construction Bank, Minsheng Bank, CITIC Capital, China Financial Insurance, China Shenhua Energy, Huawei, Google, Tencent, Baidu, NetEase, 360, BYD, New Oriental, Ningde Times, Weichai Power, Mango Hypermedia, Nongfu Springs, Tsingtao Brewery, Yili Group, New Hope Group, Haitian Taste, China Resources Land, Country Garden Group, Poly Estate, Vanke and so on. 

Hengdu has put "clients first" as the core culture of the firm. SO far the firm has provided professional legal services to more than 20,000 enterprises, including state-owned enterprises, large private enterprises, government agencies, foreign-invested enterprises, well-known investment institutions covering energy, communications, Internet, food, finance, education, automotive and other industries. In the future, Heng will continue to adhere to the principle of "client-centric", relying on our strong team of lawyers to ensure that the legitimate interests of each of our clients can be effectively protected.