Zhong Lun Advises China Resources Power East Foundation Co., Ltd. on Public Note Issuance in Hong Kong
Zhong Lun Advises China Resources Power East Foundation Co., Ltd. on Public Note Issuance in Hong Kong
On April 28, 2011, China Resources Power East Foundation Co., Ltd. issued the perpetual subordinated guaranteed capital securities in an aggregate principal amount of USD 750 million in Hong Kong.
Zhong Lun Law Firm acted as the PRC counsel of the Guarantor on the issue of the note. Professionals involved included partners Anthony Qiao, Ellen Chan and Michael Chen, and associates Lucy Luo, Wendy Yan and Sabrina Zou. Citigroup Global Markets Limited, Goldman Sachs (Asia) L.L.C and Hong Kong Branch of UBS AG acted as the Joint Bookrunners and Joint Lead Managers.
China Resources Power East Foundation Co. Ltd, a wholly-owned financing subsidiary of the Guarantor, was incorporated in BVI on November 30, 2005. And the Guarantor, China Resources Power Holdings Co., Ltd, was incorporated in Hong Kong on August 27, 2001 and has been listed on the HKSE since November 12, 2003, with the main business of investment in, development and operation of power plants in China.