On May 28th 2019, Xinyi Energy Holdings Limited (followed as “Xinyi Energy”, stock code: 3868.HK) was successfully listed on the HKEx mainboard and issuing price was HKD 1.94 per share and raising money to the amount of about HKD 3.526 billion, the IPO is one of the most influential carve-out projects in the Hong Kong capital market in recent years.
Xinyi Energy is a domestic leading private solar power generation owner and operator, since its establishment and partition from Xinyi Solar (0968.HK), it owns and operates the domestic large-scale central solar generation project. Xinyi Energy now owns a combination of solar generations with an approved generation capacity of 954 MW and is going to acquire a combination of solar generations with 540 MW capacity from Xinyi Solar.
JunHe acted as PRC legal counsel for the exclusive sponsor and has provided a whole set of legal services since 2016 including applying for carve-out approvals (PN15) from the HKEx, due diligence and interviews on domestic entities, assisting the company to adopt targeted reform and compliance measures and conducted detailed responses to issues and concerns of the HKEx. The JunHe team’s consistent and rigorous working attitude and professionalism was highly recommended by Xinyi Energy, exclusive sponsor and other intermediaries.
The leading partner for the project was Mr.WANG, Yi