Han Kun advises on Daqo Energy's A-share private placement
July, 2022 - Beijing, Mainland China
Han Kun has advised on the A-share private placement of Xinjiang Daqo New Energy Co., Ltd. ("Daqo Energy", Stock Code: 688303), acting as legal counsel to CICC, the sponsor and lead underwriter for the transaction.
This private placement, with an issuing scale of about RMB11 billion, is the largest private placement by a company on the A-share market in the photovoltaic industry, the largest refinancing project on the SSE STAR market, and the largest sole sponsor / sole underwriter private placement under the A-share registration-based system.
Daqo Energy has since its establishment been focusing on the research, development, manufacture, and sale of high purity polysilicon through continuous R&D input and technical innovation centering on China's new energy strategic planning, and is one of the forerunners in this field in China. Han Kun has also advised on Daqo Energy's initial public offering and listing on the SSE STAR market as legal counsel to CICC, the sponsor and lead underwriter of the A-share IPO.
