Shearman & Sterling advised CGN Power Co., Ltd. (“CGN Power”), the largest nuclear power producer in China, in connection with its primary listing on the Main Board of The Stock Exchange of Hong Kong Limited and global offering with a size of approximately HK$24.5 billion (US$3.2 billion) (or HK$28.0 billion if the over-allotment option is fully exercised).
CGN Power is the largest nuclear power producer in China, as measured by both total installed nuclear power generating capacity and attributable installed capacity. It operates and manages nuclear power stations, sells electricity generated by these stations, manages and oversees the construction of nuclear power stations and provides related technical research and development and support services. As of June 30, 2014, CGN Power operated and managed 11 nuclear power generating units with a total installed capacity of 11,624 MW.
The Shearman & Sterling team of lawyers in the firm’s Hong Kong and Beijing offices included capital markets partners Shuang Zhao, Colin Law, and Paloma Wang; associates Yang Ge, William Ji, and Biyuan Zhang; legal manager Hong Ding; trainee Ricky Chow; and legal assistant Anran Zhou. Palo Alto-based counsel Eileen O’Pray and associate Alice Townes also advised on tax matters.
Source: www.shearman.com
