Paul Hastings has advised Hong Kong-listed company China Everbright International Ltd and its controlling shareholder, Guildford Limited, on the former’s $162 million top-up placement.
China Everbright, focused on environmental protection and alternative energy businesses in China, plans to use the net proceeds from the placement to develop its environmental protection business, and as general working capital. J.P. Morgan was the sole placing agent.
The Paul Hastings team that advised China Everbright was led by the firm’s partner and chair of Greater China, Raymond Li, alongside Hong Kong partner David Grimm and of counsel Edwin Kwok.
A Hong Kong-based Davis Polk & Wardwell team, led by Antony Dapiran, represented J.P. Morgan.
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