Sidley represented the placing agents in the placing of 13.58 million new H shares under a general mandate by InnoScience (Suzhou) Technology Holding Co., Ltd. (HKEX: 2577) (InnoScience Technology). The net proceeds to be received are estimated to be HK$543.55 million (US$69.68 million). The joint placing agents were CLSA Limited and Haitong International Securities Company Limited.
Funds raised from the placing will support InnoScience Technology’s product upgrades and iterations, and expand technical R&D for new product applications to enhance product competitiveness and increase the penetration rate of GaN products in end-markets.
The Sidley team was led by partners Meng Ding and Claudia Yu, with the support of counsel Liming Xu and senior managing associate Selina Wong.
Sidley’s Equity Capital Markets practice has been ranked by Chambers Greater China Region/Asia Pacific for over a decade. It was the winner of the distinguished “Securities Firm of the Year” award at the Law.com International’s Asia Legal Awards 2024 and “Capital Markets Firm of the Year” by China Business Law Awards 2025.
