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Advised Shengli Oil & Gas Pipe Holdings Limited (stock code: 1080)

In December 2020, Chungs Lawyers (in association with DeHeng Law Offices) advised Shengli Oil & Gas Pipe Holdings Limited (stock code: 1080) (“Shengli Oil”) on its issue of 600,000,000 shares under general mandate, representing approximately 15.5% of the issued share capital of Shengli Oil as enlarged by the allotment and issue of subscription shares.

Shengli Oil is a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. The Shengli Oil Group is one of the largest oil and gas line pipe manufacturers in the PRC and it focuses on the design, manufacture, anti-corrosion processing and servicing of pipes (including SAWH pipes and SAWL pipes) which are used to transport crude oil, refined petroleum products and natural gas.

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