On 15 October 2018, advised by King & Wood Mallesons ("KWM"), Huaneng Power International, Inc. ("HPI", NYSE: HNP; HKEx: 902; SSE: 600011) completed its non-public issuance of 498 million A-shares to seven specified investors, i.e., PICC Asset Management Company Limited, Shanghai Electric Group Co., Ltd., China Energy Engineering Corporation Limited, Harbin Electric Company Limited, JT Asset Management Co., Ltd., Dongfang Electric Co., Ltd. and Shaanxi Coal and Chemical Industry Group Co., Ltd. HPI raised a net amount of approximately RMB 3.25 billion from this issuance.
As a major independent power producer in China, HPI is a core enterprise controlled by China Huaneng Group Co., Ltd., one of the top five power producers in China. HPI is mainly engaged in the development, construction and operation of large power plants nationwide by employing modern technology and equipment, and domestic and foreign capital, with an aim to provide users with stable and reliable power supply through local power grid operators.
Acting as the counsel for HPI, KWM assisted with every aspect of this project by providing comprehensive and systematic legal services. KWM was highly recognized by the client for its outstanding performance. The KWM team was led by partners Zhou Ning and Liu Sijia.
