Global law firm Clifford Chance has advised Guangdong Huayan Robotics Co., Ltd. (Huayan Robotics) on its initial public offering and listing on the Main Board of The Stock Exchange of Hong Kong, under the Exchange’s Chapter 18C listing regime for Specialist Technology Companies. The listing raised approximately HK$1.579 billion (approximately US$202 million).
Chair of China Practice and partner Tim Wang co-led the transaction with partners Fang Liu and Virginia Lee, with support from counsel Janet Fok, senior associates Astrid Zhuang and Veronica Liu, associates Ruonan Tang, Rita Cao and Sibin Hong, trainee solicitors Pu Wang and Nianyi Ye and paralegal Jay Lee.
Tim said, “Huayan Robotics’ listing is notable as one of the more commercially mature offerings under the Chapter 18C regime, reflecting a ‘hard tech’ business with established revenues, diversified end-markets and proprietary IP supported by integrated manufacturing capabilities. This transaction reflects the role of intelligent automation and robotics in China’s push to upgrade its manufacturing base, as the economy shifts toward higher‑value, technology‑driven industrial production.”
Huayan Robotics is a leading developer and manufacturer of collaborative robots (cobots). The company specialises in the research, development, production and commercialisation of cobots and core motion components for industrial applications, with products widely used across sectors including consumer electronics, automotive, healthcare, logistics and semiconductors.
It is one of the leading Chinese cobot exporters globally, and serves customers across Asia, Europe and the Americas.
Clifford Chance previously advised on the Chapter 18C listings of CiDi, Deepexi Technology and Black Sesame.
