Clifford Chance

Clifford Chance advises China Longyuan Power on its US$375 million H share placement

Leading international law firm Clifford Chance has advised China Longyuan Power Group Corporation Limited on its H share placement of 572,100,000 new H Shares at HK$5.08 each raising approximately US$375 million (HK$2.906 billion). UBS AG, Hong Kong Branch and Morgan Stanley & Co. International Plc acted as placing agents.

Beijing partner Tim Wang, who led on the deal said, "We were very pleased to assist Longyuan on this H share placing in Hong Kong, the first by a Chinese renewable energy enterprise."

Tim was assisted by senior associate Ning Liu and associate Echo Lin. Shanghai partner Jean Thio and senior associate Eli Gao advised on the US law aspects of the deal.

Earlier this month, the firm also advised China Longyuan on its US$400 million perpetual senior securities.

China Longyuan is a leading wind power generation company in the PRC. It ranks first in the PRC and Asia Pacific in terms of total installed wind power capacity. The company is also the leader of various new aspects of development such as expansion into overseas markets and offshore wind power projects.