Dentons advises Shaanxi Provincial Electric Power and Hydropower Co., Ltd. on NEEQ Listing

On March 5, 2019, Shaanxi Provincial Electric Power and Hydropower Co., Ltd. (stock name: Shaanxi Hydropower; stock code: 873242) received the Approval Letter Regarding the Listing of Shaanxi Provincial Electric Power and Hydropower Co., Ltd. on the National Equities Exchange and Quotations (“NEEQ”) system.

A Dentons Xi'an team, consisting of partner Feng Huaming, associates Wangjie and Li Songhua, and paralegals Zhou Jiaxin and Zhang Jianmin, advised Shaanxi Hydropower on this listing. Shaanxi Hydropower has 8 branch companies, holds 8 subsidiaries, and has more than 100 affiliates, which means heavy workload for lawyers. After being engaged, the team visited all related companies of ShaanXi Hydropower, diligently and earnestly performed their duties, and closely worked together. Under the increasingly strict review process, the company was approved to get listed after two feedbacks (only involving one legal feedback).

Founded in 2010, Shaanxi Hydropower is mainly engaged in small-scale hydropower generation, production and sales; production, operation and management of hydropower stations; development, investment (limited to the company's own funds) and construction of hydropower and new energy projects; installation and overhaul of hydropower stations, and supply of equipment materials; consulting and personnel trainings (only available to internal staff) for hydropower projects.

The main business of Shaanxi Hydropower and its branches and subsidiaries is to operate hydropower stations and engage in hydropower business. They increase the river water level by constructing hydraulic structures, converting potential energy and kinetic energy of natural rivers into electrical energy, and then integrating the electricity into the grid by means of transmission lines. Over the years, the companies have been committed to the development of the power generation industry and have made contributions to meeting China's power demand.