NKF advises Goldman Sachs and UBS on GDR offering of Sunwoda

Niederer Kraft Frey has advised the underwriting syndicate led by Goldman Sachs International and UBS on the offering of global depositary receipts (GDR) and SIX Swiss Exchange listing of Sunwoda Electronic under the China-Switzerland Stock Connect.

Sunwoda, whose A Shares are listed on Shenzhen Stock Exchange, sold 28,759,000 GDRs representing five A Shares each at an offer price of USD 15.30, raising gross proceeds of approximately USD 440 million from the offering. Trading in the GDRs on SIX Swiss Exchange commences on 14 November 2022.

Sunwoda is a provider of lithium-ion battery solutions headquartered in Shenzhen, China, with a diversified product offering that includes 3C batteries for consumer electronic products, electrical vehicle batteries and energy storage systems (ESS). The company expects to use the net proceeds from the transaction to support global business development and international deployment; strengthen its research and development capabilities; and supplement working capital.

Goldman Sachs International and UBS acted as joint global coordinators and joint bookrunners for the offering, with CLSA Limited, Guotai Junan Securities (Hong Kong) Limited, Huatai Financial Holdings (Hong Kong) Limited, Jefferies Hong Kong Limited and ABCI Securities Company Limited acting as joint bookrunners.

The NKF team advising on the transaction was co-led by partner Philippe Weber (corporate/capital markets, pictured), partner Daniel Bono (capital markets) and counsel Franziska Albers-Schönberg (capital markets).

NKF advises Goldman Sachs and UBS on GDR offering of Sunwoda

mercedes.galan

Legalcommunity.ch

Launched in 2020 by LC Publishing Group, it is the first digital portal addressed to the Swiss legal market.
In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointments and providing insights, analytical data and opinions on the professions’ main trends and topics (Ai, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram