On August 3, 2016, Jingjiang Environment Holding Limited (“Jinjiang Environment”, CJE.SP) was successfully listed on the Main Board of Singapore Exchange.

Jinjiang Environment issued 205 million shares before green-shoe with a price of SG$ 0.90/share, and raised SG$ 184 million (about US$ 137 million).

Jingtian & Gongcheng is the PRC legal counsel for the issuer, assisting the company to deal with PRC legal issues.

Jinjiang Environment is the pioneer and leader in waste incineration power generation industry in China. By June 2016, there are 12 waste-to-energy power plants operated by Jinjiang Environment in 12 provinces, autonomous regions and centrally-administered municipalities in China, with the daily waste treatment capacity of 22,830 tons. With projects of expansion, under construction, in planning and acquisition after listing, the daily capacity will reach 44,000 tons.

Listing this time has broken many records of Singapore Exchange. Jinjiang Environment is the first waste incineration power generation company listed in Singapore, as well as the first equity IPO of a Chinese company in Singapore since 2011. The market capitalization of the company is close to SG$ 1.1 billion (about US$ 800 million, the largest equity IPO in Singapore in the past two years.