新疆金风科技近日在香港联合交易所挂牌上市。

新疆金风由新疆天阳律师事务所担任法律顾问而承销商则由富而德和竞天公诚律师事务所提供法律咨询。

*Underwriters: China International Capital Corporation Hong Kong, JP Morgan Securities, Citigroup Global Markets Asia, Goldman Sachs and Hai Tong Securities

China’s second-largest wind turbine maker Xingjiang Goldwind Science & Technology has raised US$1.05bn in its second listing attempt on the Hong Kong Stock Exchange – after earlier plans to list in June were shelved due to poor market conditions.

Freshfields advised China International Capital Corporation, J P Morgan Securities, Citigroup Global Markets Asia, Goldman Sachs (Asia) and Hai Tong Securities (HK) Brokerage, the underwriters in this offering. Hong Kong partner Chris Wong and US securities Calvin Lai led the Freshfields team in the October offering.

According to Wong, the Goldwind IPO involved many complexities associated with the H-share offering of an existing A-shares listed company. Goldwind is listed in Shenzhen prior to its Hong Kong public offer and some sources say, its H shares have been offered at a healthy discount to its A shares.

Freshsfields has worked on a series of major “A then H” offerings, including the IPOs of ZTE Corp, China Mingsheng Bank and China Pacific Insurance.

Jingtian & Gongcheng Attorneys At Law advised the underwriters to PRC law.

Goldwind, based in Urumqi city in Xinjiang, originally planned to raise up to $1.2 billion in the Hong Kong IPO in June through selling 395.3m new shares in Hong Kong, equal to a 15 per cent stake in the state-owned company. 

DLA Piper Hong Kong acted as issuer’s counsel with additional input from Xinjiang Tianyang Law Firm as to PRC law.ALB

Other related stories:

• Clean energy IPOs dominate Hong Kong listings (27 Oct 2010)
• IPO boom in Hong Kong: Paul Hastings, Orrick, Maples bring to market (8 Oct 2010)