Davis Polk advised Jiangsu Zenergy Battery Technologies Co., Ltd. in connection with its initial public offering and listing of H shares on the Hong Kong Stock Exchange. The gross proceeds from the offering amounted to approximately HK$1.01 billion before any exercise of the over-allotment option. The offering was conducted in reliance on Regulation S.
Zenergy is a lithium-ion battery manufacturer in China with a primary focus on the R&D, production and sales of EV battery products and ESS battery products, including integrated battery solutions and battery management systems dedicated to large-scale applications of electrochemical products. Zenergy is one of the 10 largest players in China’s EV battery market in terms of installation capacity.
The Davis Polk corporate team included partners Li He and Jason Xu, counsel – registered foreign lawyer Jennifer (Yujia) Jiang, associates Edwin Lee and Ching Suen and registered foreign lawyer Eva Xu. Members of the Davis Polk team are based in the Hong Kong and Beijing offices.
The announcement above is not an offer of securities for sale in the United States. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be sold in the United States absent registration or an exemption from registration under the Securities Act. The issuer does not intend to register any part of the offering in the United States or to conduct a public offering of the securities in the United States.
Davis Polk (www.davispolk.com) is among the world’s leading law firms across our entire practice. This excellence and breadth has made us the firm of choice for many of the world’s leading companies and financial institutions as they address the diverse legal and business challenges they face.
About Davis Polk’s Asia Practice. Our Asia practice includes extensive experience in securities offerings, cross-border mergers and acquisitions, privatizations, joint ventures, project financings, other bank financings and other transactions involving Asia and the Pacific Rim, as well as commercial litigation, bank regulatory matters and questions of U.S. and international tax law. Davis Polk has a renowned capital markets practice and are regularly ranked as a leading law firm for equity and debt capital markets work in Asia. Davis Polk has been active in Asia since working with J.P. Morgan & Co. on railroad financings in China and on financings for the reconstruction of Tokyo since the early 1900s. We are one of the first Wall Street firms to open offices in Tokyo and Hong Kong, and later opened Beijing office.
Davis Polk’s Hong Kong office, opened in 1993 and was one of the first offices opened by a major Wall Street firm in Hong Kong. For more than three decades, we have been involved in many of the region’s most important and high profile capital markets and M&A/private equity transactions, as well as litigation matters in China and elsewhere in Asia. Our world-class global enforcement and litigation practice is one of the largest in the Asian market. The firm’s sophisticated Asia practice and our fully integrated international practices provide our clients with one of the most efficient full-service global law firms in Asia today.
Our Beijing office, which opened in early 2007, joins Hong Kong and Tokyo as the firm’s third location in Asia, and expands the presence and reach of Davis Polk’s broad and highly successful practice in China.
Our Tokyo office, which opened in 1987, is our first Asia office and the base for our Japan practice. Tokyo office lawyers not qualified as Gaikokuho Jimu Bengoshi are qualified under the laws of New York or other jurisdictions outside of Japan and working in Japan under the supervision and direction of Gaikokuho Jimu Bengoshi resident in the firm’s Tokyo office.
