CMS is advising Main Market listed Datang International Power Generation Co. Ltd. (DAT) on the admission to trading of new H-Shares to the standard listing segment of London’s Main Market. DAT is one of the largest independent power generation companies in the People’s Republic of China, covering 18 provinces, municipalities and autonomous regions across the country. At the closing price of an H-Share on London, the new H-Shares were valued at £676 million. DAT’s H-Shares are listed in both London and Kong Kong while it has A-Shares listed in Shanghai, with a total market capitalisation of over £8 billion.
The CMS team was led by Corporate partner Alasdair Steele, assisted by senior associates Sarah Wilson (in London) and Albert Li and Vera Zhang (in China), and associate Jas Randhawa.