Deacons advises China Nature Energy Technology Holdings Limited on its Main Board IPO, seeking to raise up to HK$162.5 million (subject to the exercise of over-allotment option).
The company is a wind power and pitch control system solution provider in the PRC, primarily engaged in R&D, integration, manufacture and sale of high-voltage pitch control systems for wind turbines. It ranked third in the pitch control system market in the PRC in terms of sales volume in 2018, according to a market research report commissioned by the company.
The company published its IPO prospectus on 29 September 2020. Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 20 October 2020.