JunHe Assisted China Yangtze Power Co., Ltd in Its Successful Offering m88 casino review Listing of GDRs on LSE

2020.10.02

China Yangtze Power Co., Ltd. (“Yangtze Power”) successfully offered m88 casino review listed global depositary receipts (“GDR”) on the London Stock Exchange (“LSE”) on September 30, 2020 at a price of US.46 per GDR (this “Offering”). In case of full exercise of all over-allotment options, the number of GDR offered will be 76 million, representing 760 million underlying A shares, with the total amount raised exceeding US billion.


This m88 casino reviewfering creates a number m88 casino review firsts under the Shanghai-London stock connect mechanism:

  • The first to m88 casino reviewfer GDRs in accordance with the Rule 144A;

  • The first to obtain the green economy logo; m88 casino review

  • The largest GDR m88 casino reviewfering in terms m88 casino review financing size under the Shanghai-London stock connect mechanism.


Yangtze Power is mainly engaged in hydropower generation, electricity distribution m88 casino review sales as well as operation, management, consulting, investment m88 casino review financing of overseas power stations, with presence in Germany, Peru, Brazil, Malaysia m88 casino review other countries throughout the world. Yangtze Power is the largest listed power company in China m88 casino review the largest listed hydropower company in the world, owning all of the power generation assets of four hydropower projects located along the Yangtze River, namely the Three Gorges Project, the Gezhouba Project, the Xiluodu Project m88 casino review the Xiangjiaba Project.


JunHe acted as the PRC legal counsel to the issuer in the project. The schedule of the project was tight, only five months from kick-off to successful listing of the GDRs. Under such a tight schedule, JunHe overcame the impact of adverse factors such as the COVID-19 epidemic m88 casino review provided quality, prudent m88 casino review efficient legal services, including carrying out the domestic legal due diligence, issuing the PRC legal opinion to be submitted to the regulatory authorities, reviewing the company’s internal decision-making documents, domestic regulatory examination m88 casino review approval procedures m88 casino review transaction documents, preparation of certain sections of the prospectus as well as preparation m88 casino review publication of domestic m88 casino review overseas announcements, helping Yangtze Power succeed in offering m88 casino review listing the GDRs on the LSE. JunHe with its consistent rigorous m88 casino review efficient working style m88 casino review meticulous m88 casino review diligent service attitude has won the recognition m88 casino review trust of the client m88 casino review other intermediaries.


The leading partners in this project were Mr.m88 casino app Awardm88 casino review Ms.M88 login M&A and Governance, m88 casino review the partner in charge of internal audit was Ms.m88 casino review 概览,办公网络,国际平台,专业荣誉,社会责任.

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As the first carbon neutrality fund sponsored by a law firm in China, the BAF Carbon Neutrality Special Fund was jointly established by JunHe m88 casino review the Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, m88 casino review encourage social collaboration based on the public fundraising platform to mobilize engagement in public welfare campaigns.