PRC clean energy company invests in solar product maker

    July 01, 2010 | BY

    clpstaff &clp articles

    China-based Hanergy Group made a US$150 million strategic investment by share subscription for a 23.08% stake in Apollo Solar Technology. Hanergy is one…

    China-based Hanergy Group made a US$150 million strategic investment by share subscription for a 23.08% stake in Apollo Solar Technology. Hanergy is one of the largest non-state-owned clean energy generation businesses, while Apollo Solar is a Hong Kong-listed solar product manufacturer. Upon completion of the transaction, Hanergy will be the largest shareholder of Apollo Solar.

    As part of the investment, Hanergy has additionally purchased US$2.55 billion worth of equipment from Apollo Solar.

    A Beijing team at Herbert Smith advised Hanergy. It was led by corporate partner Tom Chau and assisted by Victor Pang.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]