Chinese wind power equipment maker sells stake
October 13, 2010 | BY
clpstaff &clp articlesHigh-speed wind power gear transmission equipment manufacturer, China High Speed sold 187 million shares for HK$3.25 billion (US$418 million). Of these…
High-speed wind power gear transmission equipment manufacturer, China High Speed sold 187 million shares for HK$3.25 billion (US$418 million). Of these 130 million were sold under a top-up placement, and 57 million were sold by Fortune Apex, a company owned by members of China High Speed's management.
Goldman Sachs Asia was the placing agent, and it was advised on Hong Kong and US law aspects by a corporate team at Herbert Smith in Hong Kong. The US team was led by John Moore and the Hong Kong team was led by Matt Emsley. Louis KY Pau & Company Solicitors acted for China High Speed, and Maples and Calder worked on the Cayman Islands law portion.
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