Beijing-based Jiayuan Law Firm is advising state-owned construction and engineering group Sinohydro Group Ltd. on its proposed $2.7 billion initial public offering on the Shanghai Stock Exchange.
Sinohydro is one of China’s largest builders of hydroelectric dams; its projects include the Three Gorges Dam on the Yangtze River. The company plans to issue up to 3.5 billion new shares, which represents 35 percent of its expanded share capital, according to its draft prospectus.
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