Suntien Green Energy debuts in Hong Kong
November 09, 2010 | BY
Candice MakPRC clean energy company, Suntien Green Energy (Suntien), has listed on the Hong Kong Stock Exchange, its initial public offering (IPO) raising US$370…
PRC clean energy company, Suntien Green Energy (Suntien), has listed on the Hong Kong Stock Exchange, its initial public offering (IPO) raising US$370 million. The underwriters on the deal were Macquarie and Morgan Stanley.
The issuer is based in Northern China and operates both wind power and natural gas distribution businesses on the Mainland. It is the clean energy branch of Hebei Construction Group, the state-owned investment arm of the Hebei provincial government.
Suntien was advised by Latham & Watkins on Hong Kong and US law, and Jia Yuan on PRC law. The Latham & Watkins team was led by Hong Kong partners Cathy Yeung and Michael Liu. Beijing-based Tim Wang and Shanghai-based Jean Thio led a Clifford Chance team that represented the underwriters. Grandall Legal Group served as PRC counsel to the banks.
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