Taylor Wessing advised Wuxi Lead Intelligent Equipment Co., Ltd. (Wuxi Lead), one of the world's leading suppliers of high-end equipment for the manufacture of batteries and other renewable energy technologies, on its successful IPO in Hong Kong. The company raised approximately HKD 4.93 billion (approximately US$630 million) in its listing on the Hong Kong Stock Exchange. As part of the Hong Kong listing, Taylor Wessing provided support with a team led by Qun Huang, partner and leader of the China Outbound Team in Germany, particularly on corporate law and general compliance issues under German and EU law with regard to the German subsidiary of the issuer.
Wuxi Lead was founded in 2002 and offers smart devices and solutions for a wide range of industries, including lithium battery and photovoltaic cell manufacturing, 3C products, smart logistics, hydrogen production and fuel cells, automotive manufacturing and precision laser processing. The company was previously listed on the Shenzhen Stock Exchange in May 2015.
The transaction underscores Wuxi Lead's strong market position as a leading global supplier of battery cell manufacturing equipment, while also strengthening the company's capital market presence outside China.
Legal advisers to Wuxi Lead Intelligent Equipment Co., Ltd.
Taylor Wessing Germany: Lead Qun Huang (Partner), Songjiwen Wu (Associate), both China Group Corporate / M&A, Frankfurt.
Clifford Chance advised the issuer on Hong Kong and US law.
AllBright Law Offices provided legal advice in the PRC.
Linklaters and Jingtian & Gongcheng advised the joint syndicate banks CITIC Securities and J.P. Morgan.
