Davis Polk advised the placing agent for the primary placement of up to 1,511,000,000 shares in GCL-Poly Energy Holdings Limited for a total consideration of approximately HK$680 million.
GCL-Poly is incorporated in the Cayman Islands with its shares listed on The Stock Exchange of Hong Kong Limited with stock code 3800. GCL-Poly and its subsidiaries are principally engaged in the manufacturing and sale of polysilicon and wafers products for the solar industry, and in the development, construction, operation and management of solar farms.
The Davis Polk team included partner Paul Chow, counsel Yang Chu, counsel-registered foreign lawyer Xuelin (Steve) Wang, registered foreign lawyer Vera Xu and associate Vivian Chow. All members of the Davis Polk team are based in the Hong Kong office.