Hylands Assists CSG Energy in Gaining IPO Approval

On December 25, 2020, the initial public offering (“IPO”) and listing of China Southern Power Grid Energy Efficiency & Clean Energy Co., Ltd. (“CSG Energy”) on the SME Board of Shenzhen Stock Exchange was approved by the China Securities Regulatory Commission. Hylands provided legal services for this project as the legal counsel.

CSG Energy, founded in December 2010 as a holding subsidiary of China Southern Power Grid Company Limited (“CSG”), is mainly engaged in energy saving related services. The company provides customers with one-stop comprehensive energy saving services including energy diagnosis, design, transformation, comprehensive energy project investment, operation, and maintenance. CSG Energy is a leading investor and operator of rooftop distributed photovoltaic in China, and also a leading industrial, building and lighting energy saving services provider in China. It is an energy saving service provider filed with the National Development and Reform Commission (“NDRC”) and recommended by the Ministry of Industry and Information Technology (“MIIT”). This is CSG’s very first IPO, which is a very important progress of the companies’ asset securitization.

Hylands’s Shao Wenhui (partner), Zhao Yang(partner), Zhang Xiaogang (lawyers), Guo Mengmeng(lawyers), Liu Qianqian (lawyers) and Sun Ke (lawyers), provided comprehensive and high-quality legal services for this deal.