Press Release

Morrison & Foerster Completes Solargiga Energy Hong Kong IPO

4/8/2008

Hong Kong, April 7, 2008 – Morrison & Foerster acted as US counsel to BNP Paribas, sole book runner and lead sponsor, in the US$130 million initial public offering of Solargiga Energy Holdings Ltd. (Stock Code: 757) on the Main Board of the Stock Exchange of Hong Kong.  

Solargiga will be the first solar power company to list in Hong Kong.  The renewable energy company is based in Northeastern China and produces monocrystalline silicon ingots and wafers.  These items are used for the manufacturing of PV cells, which are components of solar energy generation systems.  Solargiga intends to use the proceeds from the initial public offering to expand its production facilities as well as for future acquisitions.

About Morrison & Foerster’s Cleantech Practice

Morrison & Foerster have been advising the leading innovators in the world of Cleantech for more than 30 years.  The firm’s Cleantech attorneys are dedicated to representing clients in these evolving industries, and we combine our knowledge of the underlying science, technologies, and regulations to offer counsel with the depth and expertise needed to succeed.  In China, we have expertise in the representation of PRC-based energy companies in their acquisitions, financings, and investment activities and are in a unique position to assist the industry as it moves toward greater energy efficiency.  For more information about the firm’s Cleantech practice, please visit www.mofo.com/practices/services/industries/cleantech.

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