Davis Polk advised the underwriters on the initial public offering and listing on the Main Board of the Stock Exchange of Hong Kong Limited of AAG Energy Holdings Limited. The gross proceeds from the global offering amounted toapproximately HK$2.28 billion (US$294 million) prior to any exercise of the over-allotment option.   

AAG Energy Holdings Limited is a leading coalbed methane producer in China focusing on the development and value optimization of unconventional gas resources. 

The Davis Polk corporate team included partners Howard Zhang, Bonnie Y. Chan and Paul Chow, associates Yang Chu, Amanda Lau and Patrick Peng and registered foreign lawyers in Beijing Paul C. Marks and Chengyao (Aaron) Zhou. Counsel Alon Gurfinkel and associate Nicholas A. Machen provided tax advice. Members of the Davis Polk team are based in the Hong Kong, Beijing, London and Washington DC offices.  

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