Weichai International Hong Kong Energy Group Co., Limited $775 Million Guaranteed Perpetual Capital Securities Offering

Davis Polk advised the joint global coordinators, joint bookrunners and joint lead managers on a Regulation S offering by Weichai International Hong Kong Energy Group Co., Limited of $775 million 3.75% senior guaranteed perpetual capital securities. The perpetual capital securities are guaranteed by Weichai Power Co., Ltd.

Weichai Power, listed on the Hong Kong Stock Exchange and Shenzhen Stock Exchange, is a manufacturer of automotive and equipment products in China with a diversified product portfolio covering powertrain, heavy-duty trucks, construction machinery, hydraulic devices and related components. 

The Davis Polk corporate team included partners William F. Barron and Paul Chow, counsel Gerhard Radtke and associate Bingqing Pan. The tax team included counsel Alon Gurfinkel and associate Kelli A. Rivers. Members of the Davis Polk team are based in the Hong Kong and London offices.