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News Nov 25, 2016

Shearman & Sterling Advises Underwriters on VPower’s Hong Kong IPO

Shearman & Sterling advised BOCI Asia Limited, Citigroup Global Markets Asia Limited, CMB International Capital Limited, Haitong International Securities Company Limited and The Hongkong and Shanghai Banking Corporation Limited as underwriters on the US$208 million global offering and initial public offering of VPower Group International Holdings Limited (VPower) on the Main Board of The Stock Exchange of Hong Kong Limited.

VPower is one of the world’s leading large gen-set system integration providers and Southeast Asia’s largest private gas-fired engine-based distributed power generation station owner and operator in terms of secured installed capacity as of December 31, 2015.

The Shearman & Sterling team included partners Colin Law, Peter Chen, Alan Yeung (all Hong Kong-Capital Markets) and Kyungwon Lee (New York-Capital Markets); associates Stella Hu (Beijing-Capital Markets), Wanda Woo, Leo Wong, Stephen Luo (all Hong Kong-Capital Markets), Emaile Sundale (Menlo Park-Tax); and trainee Brian Kwok (Hong Kong-Capital Markets).

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