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Kaufman & Canoles Represents Dehaier Medical Systems Limited in Initial Public Offering

About Corporate & Public Finance

Kaufman & Canoles, P.C., a commercial business law firm focused upon providing strategic guidance to private and public companies seeking to access the U.S. securities markets, announced today that its client, Dehaier Medical Systems Limited (“DHRM”), successfully completed the initial public offering of its common shares on the Nasdaq Capital Market. With the assistance of Anderson & Strudwick, Inc., DHRM’s exclusive placement agent, DHRM placed 1.5 million common shares and raised gross proceeds of $11,160,000.

DHRM is a British Virgin Islands limited company with its headquarters and operations located in the People’s Republic of China. DHRM markets home respiratory and oxygen homecare products and other services in China. The Corporate & Public Finance practice group of Kaufman & Canoles served as counsel to DHRM in connection with the offering.

Bradley A. Haneberg, the co-chair of Kaufman & Canoles’ Corporate & Public Finance practice group, commented, “We are extremely proud to have represented Dehaier in connection with its IPO. Dehaier’s professionalism and dedication to the IPO process led to the completion of a successful offering in a challenging market. We are quite happy for Mr. Chen Ping, Dehaier’s Chief Executive Officer, and the rest of the Dehaier team.”

Kaufman & Canoles is a Virginia based law firm with offices in 7 Virginia cities. The firm’s team of experienced securities and corporate finance attorneys breaks down complex processes and works closely with client management to efficiently structure and complete corporate transactions. We are committed to designing innovative solutions to raising capital and supporting public and private companies with ongoing compliance programs. Whether representing start-ups or established private companies raising initial public or private capital or larger public companies in secondary offerings or other complex transactions, Kaufman & Canoles will dedicate the attention and expertise necessary to meet client goals.  Further inquiries regarding the transaction described herein should be directed to Bradley A. Haneberg, Esq. at bahaneberg@kaufcan.com.

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