Recently, JunHe assisted BYD COMPANY LIMITED (hereinafter referred to as the "Company") to complete their placement of 133 million H shares at the price of HKD $225 per share (this "Project") with a financing scale of approximately HKD $30 billion.
This was the largest share financing project in the Asian automobile industry in the past ten years and the largest share issuance project in the history of the Chinese new energy automobile industry. It was also the largest new share placement in the history of the Hong Kong Special Administrative Region. The project attracted more than 200 institutional investors from around the world, including top long-term investors and sovereign wealth funds, with multiple subscriptions and a zero discount for an average price of nearly 20 trading days, making it the smallest placement in the past five years.
JunHe acted as the domestic legal advisor of the placement agent in this project, participating in the legal due diligence, issuing legal opinions and reviewing the transaction documents. JunHe's team won the affirmation and trust of its clients with their rigorous and efficient work style as well as their meticulous and dedicated service attitude.