Simpson Thacher Represents Underwriters in the HK$1,289.2 Million (US$166.3 Million) Hong Kong Initial Public Offering and Rule 144A/Regulation S Offering by Xinte Energy Co., Ltd.
12.30.15
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The Firm represented the underwriters in the initial public offering in Hong Kong and Rule 144A/Regulation S offering by Xinte Energy Co., Ltd. (“Xinte Energy”). Xinte Energy offered an aggregate of 146,500,000 H shares (prior to the exercise of the overallotment option), which raised HK$1,289.2 million (approximately US$166.3 million) in gross proceeds. The H shares of Xinte Energy are listed on the Hong Kong Stock Exchange. UBS Securities Hong Kong Limited and GF Capital (Hong Kong) Limited acted as the joint sponsors. GF Securities (Hong Kong) Brokerage Limited, UBS AG Hong Kong Branch, AMTD Asset Management Limited and BOCI Asia Limited acted as joint global coordinators.
Xinte Energy is a leading solar-grade polysilicon producer and PV project contractor, engaging primarily in the upstream and downstream segments of the PV industry in China.
The Simpson Thacher team for the transaction included Chris Wong, Leiming Chen, Ethle Tang, Asher Hsu, Yi Gao, Grace Wong and Brian Mathes (Corporate).