05 Aug 2016
Initial public offering and listing of China Jinjiang Environment Holding Company Limited
Chia Kim Huat, Hoon Chi Tern, Wang Chen (Shanghai Rep Office) and James Chan from the Capital Markets / Mergers & Acquisitions Practice Group acted for China Jinjiang Environment Holding Company Limited (“Jinjiang Environment”) in the initial public offering (“IPO”) and listing of Jinjiang Environment on the Mainboard of the Singapore Exchange Securities Trading Limited (the “SGX-ST”).
Jinjiang Environment’s IPO is the largest non-REIT/business trust IPO on the Mainboard of the SGX-ST in approximately two years.
Headquartered in Hangzhou, Jinjiang Environment is the first private waste-to-energy (“WTE”) operator in the PRC and the leading WTE operator in the PRC with the largest waste treatment capacity in operation. Jinjiang Environment currently has 16 operating WTE facilities and a further 18 pipeline projects. Jinjiang Environment’s business functions both as a sustainable waste management solution that is an environmentally sound alternative to the more traditional waste management practices of landfill disposal and as a source of clean energy that reduces greenhouse gas emissions.
Jinjiang Environment raised approximately S$185 million and its market capitalisation at the time of its listing on the SGX-ST was approximately S$1.08 billion.