2025.03.11
On March 11, 2025, BYD Company Ltd. ("BYD") completed a lightning placement of 129.8 million new H shares on the Main Board of the Hong Kong Stock Exchange, raising approximately HK$ 43.5 billion (USD 5.6 billion).
BYD was first listed on the Main Board of the Hong Kong Stock Exchange in July 2002 and on the Shenzhen Stock Exchange in 2011. Its business covers automobiles, rail transit, new energy and electronics industries, making it one of the world's leading manufacturers of new energy vehicles.
The highlights of this project include:
The largest lightning placement in the global automotive industry to date
The largest H-share placement since 2010
The largest equity capital project on the Hong Kong Stock Exchange since May 2021
As the PRC legal counsel to the placement agent, JunHe participated in the legal due diligence, assisted in completing approval procedures with the PRC regulatory authorities, and helped BYD complete its HK$ 43.5 billion H-share placement. With its consistent delivery of efficient and rigorous legal services and detail-oriented and professional expertise, JunHe’s team was recognized and trusted by the company and the other intermediaries.
Partners YU, Yongqiang (YY) and SHI, Yun led the JunHe team, and partner YAO, Jiwei (Jervis) provided support for the internal control matters.
