Deacons advises on spin-off and HK$4.4 billion Main Board IPO of Xinyi Energy

15 May 2019

Xinyi Energy Holdings Limited relaunched Main Board IPO on 15 May 2019 seeking to raise up to approximately HK$4.4 billion (subject to the exercise of over-allotment option) after postponing last December.

Deacons advises the sole sponsor BNP Paribas Securities (Asia) Limited and underwriters, including BNP Paribas, China International Capital Corporation Hong Kong Securities Limited, The Hongkong and Shanghai Banking Corporation Limited and Kingsway Financial Services Group Limited, in relation to the spin-off and Main Board IPO of Xinyi Energy.

Established and spun-off from Xinyi Solar Holdings Limited (SEHK Stock Code: 968), the company is a leading non-State owned solar farm owner and operator in the PRC.

Dealings in Xinyi Energy shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 28 May 2019.

Our team is led by Ronny Chow and Maynard Leung, Partners of our Corporate Finance Practice Group.