Deacons advises the underwriters in the Main Board IPO of JY GAS LIMITED

Deacons advises the underwriters in relation to the Main Board IPO of JY GAS LIMITED (SEHK Stock Code: 1407), seeking to raise up to HK$178.2 million (subject to the exercise of over-allotment option). 

JY GAS is a natural gas operator in Gaomi City, Weifang Municipality of Shandong Province of China.  It is engaged in (i) the sale of pipeline natural gas; (ii) the sale of compressed natural gas and liquefied natural gas; (iii) the provision of construction and installation services; and (iv) the sale of gas-burning appliances.

JY GAS launched its IPO on 31 October 2022. Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 16 November 2022. 

Our team is led by Ronny Chow, Head of our Corporate Finance Practice Group. 

This is the fourth IPO of natural gas businesses in China advised by us in recent years.  The earlier three cases, Suchuang Gas, JiaXing Gas and Huzhou Gas, were also led by Ronny.

Key Contacts

Ronny Chow

Partner | Corporate Finance

Email or call +852 2825 9435