29 October 2010
28 October 2010, Hong Kong – Mayer Brown JSM, a leading global law firm, is pleased to announce that it advised Coolpoint Energy Limited in its latest fund raising exercise.
Coolpoint Energy, a Hong Kong listed company, announced yesterday (27 October 2010) that it had conducted a placing and top-up transaction that involved the placing of 1,160,000,000 shares, giving rise to a net proceed of approximately HK$758.3 million.
The placing agents are BOCI Asia Limited and Piper Jaffray Asia Securities Limited. Completion of the entire exercise is expected to take place on or before 9 November 2010.
Li Ning, founder of the LI-NING brand and one of China's most renowned athletes in the 20th Century, is a controlling shareholder of Coolpoint Energy. As at 26 October 2010, the market capitalisation of Coolpoint Energy exceeded HK$14 billion.
The Mayer Brown JSM team was led by Corporate Finance partner Derek Tsang.