22 December 2011, Hong Kong – China Everbright Limited announced that its direct investment arm and private equity fund “China Special Opportunity Fund III” had its investment project Beijing Jingneng Clean Energy Co., Limited (HKSE: 00579) listed on the Main Board of the Hong Kong Stock Exchange. The project was issued at a price of HK$1.67, raising approximately HK$1.6 billion. 

 

Beijing Jingneng is primarily focused on new energy, including gas and wind power generation. Beijing Energy Investment Holding Co., Ltd. is the controlling shareholder. Beijing Jingneng, the largest thermo electricity supplier in Beijing district, will participate in the construction of three thermo electricity generation centres in Beijing, projects that are intended to sustain its leadership position and market share. The Company, the eighth-largest wind power supplier in China, has a total of 16 wind farms in Inner Mongolia, Beijing and Liaoning. 

 

Currently, China Everbright has four private equity funds and three venture capital funds under its direct investment arm, all focusing on pre-IPO enterprises with strong growth potential. A total of 32 investment projects have been completed thus far. Certain projects under China Special Opportunity Fund I and China Special Opportunity Fund II have been previously listed and are generating returns for investors, including China Techfaith, China High Speed Transmission, Goldwind Science & Technology, China Sunshine Paper, iSoft Stone and Being Mate. China Special Opportunity Fund III was established in late 2010, at a fund size of USD 400 million, to focus on agricultural, consumer and retail businesses in the Mainland. Another investment project in the China apparel business was recently listed on the Main Board of the Hong Kong Stock Exchange.