Firm Represents Suntech Power Holdings Co., Ltd. in its Follow-on Offering of American Depositary Shares
06.01.09
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The Hong Kong office of the Firm represented Suntech Power Holdings Co., Ltd. in connection with its follow-on offering and listing on the New York Stock Exchange of 23,000,000 American Depositary Shares representing ordinary shares (ADSs), including the full exercise of the over-allotment option, raising a total of US$287.5 million. The underwriters for the offering were UBS Securities LLC, Goldman Sachs (Asia) LLC and Deutsche Bank Securities Inc.
Suntech Power Holdings Co., Ltd. is a leading solar energy company in the world. The ADSs of Suntech Power Holdings Co. are listed and traded on the New York Stock Exchange under the symbol "STP".
The Simpson Thacher team for the transaction included Leiming Chen, Shuang Zhao, Blake Dunlap, Asher Hsu, Richard Lin, Jimmy Gao and Frank Chen (Corporate), Seojung Park (Tax), and Jeanne M Annarumma (Executive Compensation and Employee Benefits).