According to relevant statistics, only 158 private fund managers nationwide successfully completed registration in 2025, representing a further decrease of 4.24% from 165 in 2024. Against this challenging industry backdrop, Grandall Law Firm, with its profound professional expertise and outstanding comprehensive service capabilities, successfully assisted 17 private fund managers in completing their registration procedures. This achievement not only enabled Grandall to lead the entire industry once again wi
Among the 111 enterprises that successfully passed the IPO review in 2025, 13 were represented by Grandall as issuer's legal counsel, accounting for 11.7%. Among the 40 listed companies that passed the review by the M&A and Restructuring Committees of the Shanghai and Shenzhen Stock Exchanges in 2025, 4 were provided with legal services by Grandall, accounting for 10% and ranking second among law firms.
On 25 November 2025, Haian Rubber Group Co., Ltd. (“Haian Group”, stock code: 001233) successfully listed on the Main Board of Shenzhen Stock Exchange, marking the first company from Fujian Province listed on the Main Board of Shenzhen Stock Exchange this year.
On 17 October 2025, Sunriver Holding Group Co., Ltd. ("Sunriver Holding Group") completed the subscription of 5.1 billion shares of Haichang Ocean Park Holdings Ltd. (02255.HK) through its holding subsidiary. Having contributed a total of HK$2.295 billion in the subscription, Sunriver Holdings Group indirectly holds a 38.60% stake and becomes the controlling shareholder of Haichang Ocean Park.
Recently, COSCO Shipping Energy Transportation Co., Ltd. ("COSCO Shipping", with the stock codes as 600026.SH and 1138.HK) successfully completed the issuance of A-shares to specific targets and raised a total of RMB 8 billion, marking the largest inquiry-based private placement project in the A-share market in the past two years. The investors include a number of large central state-owned enterprises and national-level funds such as Guoxin Development, State-owned Enterprise Mixed Reform Fund, and National Green Development Fund.
On 10 October 2025, Gold Leaf International Group (08549.HK) successfully listed on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange. Grandall Shanghai Office acted as its Chinese legal counsel with LI Peng, ZHANG Qiang and WU Youjia as key lawyers serving the case.
On August 20, 2025, Grandall Shanghai Office has successfully assisted SICC Co., Ltd. (02631.HK) listing on the Main Board of the Hong Kong Stock Exchange. LIN Lin, CHENG Jingjiao, CHEN Jie and LI Han as key lawyers provided legal services for the case. Previously in January 2022, Grandall Shanghai had advised the issuer in its listing on the STAR Market of the Shanghai Stock Exchange.
Recently, Grandall Qingdao has successfully advised Qingdao Development Zone Investment and Construction Group Co., Ltd. (“Qingdao Development Group”) in the transfer registration for acquisition of the control of Xi'an Manareco New Materials Co., Ltd. (688550.SH, “Manareco”).
In July 2025, the plan for the major assets restructuring of Guangxi Radio and Television Information Network Corporation Limited (600936.SH)(“Guangxi Radio & TV”) was successfully disclosed, and all relevant transaction review procedures were completed. Grandall Nanjing Office has provided legal services for the restructuring project with LIANG Dingjun, WU Yongwen and QIN Jin as key lawyers serving the case.
Recently, China General Nuclear Power Corporation Limited (003816.SZ, 01816.HK)(“CGNPC”) successfully completed the issue of A-share convertible corporate bonds with the approval for registration from the China Securities Regulatory Commission (CSRC). Grandall Shenzhen Office has been retained as the legal counsel with WANG Ying, TONG Xi and QI Li as key lawyers serving the case.
On 14 August 2025, Grandall Hangzhou Office advised Zhejiang Zhigao Import & Export Co., Ltd. (“ZEGA”) listing on the Beijing Stock Exchange under the stock code “920101.BJ”, for which YANG Zhao, LV Xingwei, WANG Zheng and BIAN Jinwei of Grandall Hangzhou Office acted as key lawyers serving the project. In this offering, ZEGA issued 21,481,488 new shares at an issue price of RMB 17.41 per share, raising approximately RMB 374 million.
