Cases

Hylands Assists the IPO of Power Grid Energy to be successfully Approved by CSRC

2020-12-29

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On December 25, 2020, China Southern Power Grid Energy Efficiency & Clean Energy Co. Ltd. (Southern Power Grid Energy), with legal services provided by Hylands Law Firm, obtained the IPO approval from the China Securities Regulatory Commission for its initial public offering of shares and listing on the SME Board of Shenzhen Stock Exchange.


Established in December 2010, Southern Power Grid Energy is a holding subsidiary of China Southern Power Grid Company Limited. Southern Power Grid Energy mainly engages in energy-saving services, providing one-stop comprehensive energy-saving services such as diagnosis, design, transformation, investment in comprehensive energy projects, and operation and maintenance for customers’ energy use. It is the leading roof-based photovoltaic investment operator in China, and also the leading industrial energy-saving, building energy-saving, and lighting energy-saving service provider in China. It is an energy-saving service company filed by the National Development and Reform Commission and recommended by the National Ministry of Industry and Information Technology. Southern Power Grid Energy was the first IPO project of China Southern Power Grid. The approval of the IPO marked an important step for the asset securitization of China's Southern Power Grid.

Attorneys Wenhui SHAO and Yang ZHAO, partners of Hylands, and attorneys Xiaogang ZHANG, Mengmeng GUO, Qianqian LIU, and Ke SUN provided all-around and high-quality legal services for the offering and listing.