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Conyers advises on $350 million GCL-Poly acquisition of Jiangsu Zhongneng – August 2009

August 2009 Richard Hall

Acting as Cayman legal counsels to GCL-Poly in the US$350 million issuance of secured notes to finance the acquisition of Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd. (“Jiangsu Zhongneng”) by GCL-Poly Energy Holdings Limited (“GCL-Poly”). GCL-Poly will acquire the entire issued share capital of each of GCL Solar Energy Technology Holdings Inc., Greatest Joy International Limited and Sun Wave Group Limited, which in turn owned Jiangsu Zhongneng. conyers also represented GCL-Poly, a Hong Kong listed company, in its IPO. This transaction won the Asian Legal Business 2010 China M&A Deal of the Year.

 


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