Clifford Chance has advised Hong Kong’s CLP Holdings Ltd on its $982 million placement of new shares.

CLP Holdings is the holding company for the CLP Group, a large power company in the Asia-Pacific region.

The deal marks the second-largest primary share placement in Hong Kong this year. Clifford Chance also advised on the largest placement of the year – Hong Kong Exchanges and Clearing Ltd’s $1 billion equity placing.

Hong Kong partner Amy Lo led the team on the transaction, while Shanghai-based partner Jean Thio provided U.S. securities law advice.

Goldman Sachs, JP Morgan and UBS acted as the placing agents.

Kanishk Verghese is North Asia journalist at ALB. Follow us on Twitter: @ALB_Magazine.