Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 12-12-2011 | Practice Area: | Equity Capital Markets |
| Deal Title: | China Power New Energy Development Share Placing | Industry: | Alternative Energy |
| Description: |
Slaughter and May, Hong Kong, is advising China Power New Energy Development Company (CPNE) on its placing of new shares to China Three Gorges Corporation.
Under a share purchase agreement, CPNE will issue HK$2.1 billion (US$269 million) new shares to China Three Gorges, giving China Three Gorges a 29.05% share in the enlarged share capital of CPNE.
CPNE is principally engaged in the development of clean energy in the PRC and operates wind power, hydro-electric, waste-to-energy power, natural gas power and other power generation assets. The CPNE Group is also engaged in investment holding in the clean energy power industry, the sale of clean energy power generating equipment and property investments.
China Three Gorges is a PRC wholly-owned state enterprise and manages the construction and operation of the Three Gorges Project.
The transaction was announced on 12 December 2011.
Benita Yu (partner), Lillian Lian (associate).
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| Financial Center: | Hong Kong | Value: | 100.01-500.00 |
| Advised Party: | Issuer | Law Firm | Slaughter and May |
| Issuer Jurisdiction - | China | Listing Jurisdiction - | Hong Kong |
| Classification: |
Secondary Offerings and Placings Hong Kong Stock Exchange: |
Lawyer | Benita Yu |
