On 28 March 2022, Huaxin Cement Co., Ltd (600801.SH/06655.HK) (“Huaxin Cement”) was listed by way of introduction on the Main Board of the Hong Kong Stock Exchange, marking the first listed B-share company in Shanghai to switch to HK Stock Exchange by way of introduction. 

Huaxin Cement is a century-old company focusing on the production and sale of cement, clinker, concrete and aggregates, and operating in the environmental protection, equipment manufacturing, EPC engineering and cement-based new building materials, ranking among the Fortune 500 Chinese companies in the industry consecutively from 2010 to 2020. It’s A-shares and B-shares were listed on Shanghai Stock Exchange in 1994.

Grandall shanghai Office has been retained by Shenwan Hongyuan Securities, the underwriter, as its Chinese counsel to provide legal services for the project with YUE Yongping, CHEN Jingyu and other paralegals serving the case.