Transactions
10/30/2009 5:30:15 AM EST
Orrick advises Innovative Chinese Solar Wafer Manufacturer in its US$67m HK IPO
Orrick advised Comtec Solar Systems Group in its US$67 million initial public offering of 250 million shares on the Main Board of the Hong Kong Stock Exchange.
Posted by Transactions

Orrick, Herrington & Sutcliffe LLP (Orrick) advised Comtec Solar Systems Group Limited (Comtec), a China-based manufacturer of high-quality monocrystalline solar ingots and wafers, in its US$67 million initial public offering of 250 million shares (before exercise of the over-allotment option) on the Main Board of the Hong Kong Stock Exchange, with international share placements under Rule 144A and Regulation S. The listing took place on October 30, 2009.

Based in Shanghai, Comtec is a leading innovator of solar wafer technology in China and markets its products to customers in Canada, Germany, India, Singapore, Taiwan, Thailand and the United States. Comtec is raising capital to expand its production capacity, purchase raw materials and invest in R&D efforts. ICBC International and Macquarie are acting as joint global coordinators, joint book runners and joint lead managers.

A team of capital markets lawyers from Orrick's Hong Kong and Shanghai offices, led by partners Edwin Luk and David Cho, represented Comtec.


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