Dajin Heavy Industry, a leading offshore wind energy equipment manufacturer, listed on the HKEX on 5 June, raising HKD6.64 billion (USD847.6 million) and achieving a dual listing in the Chinese mainland and Hong Kong.
Kirkland & Ellis, Hai Run Law Firm and King & Wood provided legal support on Dajin Heavy Industry’s Hong Kong debut, which follows its 2010 listing on the SZSE.
According to Frost & Sullivan, Dajin Heavy Industry ranked first in the European offshore wind foundation equipment market in the first half of 2025, measured by sales of monopiles.
The company issued around 100 million H shares at HKD66.40 per share, attracting cornerstone investors including GIC, HHLRA and HIM under Hillhouse Capital, CPE Juniper, UBS Asset Management (Singapore) and Taikang Life Insurance.
Kirkland & Ellis advised Dajin Heavy Industry on Hong Kong and US law, led by partners Lyu Mengyu, Justin Zhou and Ricky Chow. Hai Run acted as its PRC counsel, led by senior partner Wang Xiaodong.
King & Wood advised joint sponsors Huatai International and China Merchants Securities as well as other underwriters on Hong Kong and PRC law. Partner John Baptist Chan led the Hong Kong team, and partner Hu Jing led the Chinese mainland team.
The prospectus stated that proceeds from the offering would be used primarily to upgrade deep-sea and offshore integrated solutions, invest in and build European assembly bases, develop global R&D centres, expand overseas markets and support general working capital.
Founded in 2003 and headquartered in Beijing, Dajin Heavy Industry focuses on integrated solutions for wind power foundation manufacturing, transport and delivery. Its core business also spans offshore special transport, ship design and construction, wind and solar power generation, and wind power port operations.
