Davis Polk advised one of the joint global coordinators for the placement of up to 450,000,000 new shares in Beijing Enterprises Water Group Limited (“BEWGL”) for a total consideration of approximately HK$2.655 billion.
BEWGL is incorporated in Bermuda with its shares listed on The Stock Exchange of Hong Kong Limited. BEWGL is principally engaged in the business of constructing sewage and reclaimed water treatment plants.
The Davis Polk team included partners Paul Chow and James C. Lin, counsel Yang Chu and registered foreign lawyer Xuelin (Steve) Wang. All members of the Davis Polk team are based in the Hong Kong office.