China High Precision Automation Group's recent IPO has attracted the who’s who of the legal industry’s top tier, with Dacheng, King & Wood and Jun He acting as PRC counsel. The issuer, a high precision industrial automation instrument and technology product company, has generated a significant amount of interest with its IPO on the HKSE which was 13.38 times over-subscribed.

Investors are no doubt attracted to investing in this company as it has been estimated that industrial automation instruments and control systems are expected to grow at an annual rate of 25% during the Eleventh Five Year Plan. The company will utilise the funds raised to establish production facilities for new products, research and development, establishing network development and sales support services which includes the construction of technical and professional service centres.