Mayer Brown JSM has recently acted for Waste Resources G.P. Limited as the investor in an issue of HK$156 million zero coupon guaranteed convertible bonds due 2015 and new shares by Hong Kong Stock Exchange listed New Environmental Energy Holdings Limited (formerly Hembly International Holdings Limited) (stock code 03989). The proceeds from the offering will contribute to the development, construction and operation of seven waste-to-energy incineration plants in China.
Waste Resources G.P. Limited acted as general partner for and on behalf of Waste Resources Fund L.P. Waste Resources Fund L.P. is an exempted limited partnership established in the Cayman Islands managed by FourWinds Capital Management, a natural resources asset manager established to invest in global water and environmental opportunities. Waste Resources Fund L.P. invests in industrial, urban and rural waste processing with a focus on high growth markets.
The Mayer Brown JSM team included Tom Fu and Andy Yeo, as well as other members of the Hong Kong, Beijing and Shanghai offices.