Offer Price Set at HK$17.98 per Share
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Goldwind Selected as Constituent Stock of FTSE Indices
[8 October 2010 – Hong Kong] Xinjiang Goldwind Science & Technology Co., Ltd. (“Goldwind” or the "Group", Stock Code: 2208), a leading manufacturer of wind turbine generator and provider of complete wind power solutions in China, today announced that its Hong Kong Public Offering was 41.19 times over-subscribed. The Offer Price has been set at HK$17.98 per Share. The Group’s H-share has been selected as a constituent stock of the FTSE All-World Index, FTSE All-Emerging Index and FTSE China (HK Listed) Index. The inclusion will take effect on 11 October.
Based on the Offer Price of HK$17.98 per Offer Share, the net proceeds from the Global Offering to be received by the Company, after deduction of the underwriting commission and other offering expenses and assuming no exercise of the Over-allotment Option, is estimated to be approximately HK$6,823 million. Goldwind offers an aggregate of 395,294,000 shares. As a result of the significant over-subscription in the Hong Kong Public Offering, the clawback mechanism has been applied and the number of Offer Shares allocated to the Hong Kong Public Offering has been increased to 118,588,400 shares, representing 30% of the Global Offering. The remaining 276,705,600 shares have been allocated to the International Placing (before any exercise of the Over-allotment Option).
Dealings in the shares of the Group commenced on 8 October 2010 (Friday) on the Main Board of the Stock Exchange of Hong Kong Limited. The shares are traded under the stock code 2208 in board lots of 200 shares each.
China International Capital Corporation Hong Kong Securities Limited and J.P. Morgan Securities (Asia Pacific) Limited are Joint Global Coordinators; China International Capital Corporation Hong Kong Securities Limited, J.P. Morgan Securities (Asia Pacific) Limited, Citigroup Global Markets Asia Limited, Goldman Sachs (Asia) L.L.C. and Haitong Securities (HK) Brokerage Limited are Joint Bookrunners and Joint Lead Managers; China International Capital Corporation Hong Kong Securities Limited, Citigroup Global Markets Asia Limited and Hai Tong Capital (HK) Limited are Joint Sponsors; ; Taifook Securities Company Limited is the Co-Lead Manager; China International Capital Corporation Hong Kong Securities Limited and CCB International Capital Limited are global financial advisors; Haitong Securities Co., Ltd. is the PRC Financial Advisor.
Mr. Wu Gang, Chairman, Chief Executive Officer and Executive Director of the Group, said, ”We are delighted to receive an encouraging response from the market in the Global Offering. Our entry to globally renowned indices before the listing will help enhance public awareness of Goldwind and attract buyers who follow the indices.. The Group will endeavor to develop more advanced WTGs, further optimize its supply chain, expand wind power services and boost the wind turbine field investment, development and sales. The Group will also tap into attractive markets worldwide to strengthen its leading position in China’s wind power sector and thus maximize returns for investors.”