Appleby acted as Cayman Islands counsel to China Everbright Greentech Limited (“China Everbright Greentech”), a Cayman Islands company with shares listed on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEx”), in relation to its registration of up to RMB 5 billion of multiple types of debt financial instruments (“DFIs”) in the National Association of Financial Market Institutional Investors (‘‘NAFMII’’) in the PRC, and its issuance of 2023 First Tranche Green Medium-Term Note (“MTN”) in the principal amount of RMB 1 billion.
China Everbright Greentech is a professional environmental protection service provider in China, with its businesses focusing on integrated biomass utilisation, hazardous and solid waste treatment, environmental remediation, solar energy and wind power.
The Hong Kong team was led by Partner Vincent Chan. The team advised China Everbright Greentech on its listing on the HKEx in May 2017, its registration and issuance in the NAFMII of up to RMB 3.5 billion MTN in 2020, and most recently also advised its sister company China Everbright Water Limited on its issuance and registration in the NAFMII of up to RMB 5 billion MTN.
Vincent commented that “We are pleased to assist China Everbright Greentech on this transaction, and also delighted to see our leading position in the debt capital market in Asia has been reinforced with our clients continuing to trust in our deeply experienced team.”
Our Debt Capital Market practice is well known in the industry and forms a growing core sector of our capital markets practice in Hong Kong. Our team continues to advise Cayman Islands, Bermuda and British Virgin Islands issuers in the Asia Pacific region to raise funds by way of various forms of debt and note instruments.
