Capital Markets

IPO:

• Shenzhen Creality 3D Technology on its US$176 million global IPO and Hong Kong Stock Exchange Main Board listing.
• Suzhou Novosense Microelectronics on its US$284 million global IPO and Hong Kong Stock Exchange Main Board listing.
• Hebei Haiwei Electronic New Material Technology on its US$56 million global IPO and Hong Kong Stock Exchange Main Board listing.
• Fibocom Wireless on its US$372 million global IPO and Hong Kong Stock Exchange Main Board listing.
• Shenwan Hongyuan Financing as the sole sponsor, overall coordinator, joint global coordinator, joint bookrunner and joint lead manager and other underwriters on Shanghai Zhida Technology Development''s US$51 million global IPO and Hong Kong Stock Exchange Main Board listing.
• CICC and Haitong International as the joint sponsors, sponsor-overall coordinators, overall coordinators, joint global coordinators, joint bookrunners and joint lead managers and other underwriters on Unisound AI Technology’s US$41 million global IPO and Hong Kong Stock Exchange Main Board listing. 
• Tencent Holdings on its US$1.1 billion spinoff of China Literature Limited by way of an IPO and separate listing on the Hong Kong Stock Exchange Main Board.*
• Tongcheng-Elong Holdings on its US$180 million global IPO and Hong Kong Stock Exchange Main Board listing. *
• Renrui Human Resources Technology Holdings on its US$140 million global IPO and Hong Kong Stock Exchange Main Board listing.*
• Shenwan Hongyuan as the sole sponsor and joint global coordinator, and CLSA, CMBI and DBS as the other joint global coordinators, and the other underwriters on Flowing Cloud Technology''s US$68 million global IPO and Hong Kong Stock Exchange Main Board listing.*
• Tongdao Liepin Group on its US$370 million global IPO and Hong Kong Stock Exchange Main Board listing.*
• Financial Advisers in connection to the spin-off SharkNinja, a global product design and technology company based in the U.S., from JS Global Lifestyle Company Limited, a Hong Kong listed small household appliances. SharkNinja is now listing on the New York Stock Exchange.
• CITIC Securities and Haitong International Capital, as the joint sponsors, CLSA and Haitong International, as the overall coordinators, and other underwriters, on Autostreets Development’s HK$153 million global IPO and Hong Kong Stock Exchange Main Board listing.
• Smithfield Foods, the biggest U.S. pork processor in the U.S., and its shareholder, WH Group, the world’s largest pork company and based in China, on the spin-off of Smithfield from WH Group and its separate US$522 million IPO listing on the Nasdaq Global Select Market.
• UBS Securities, BOCI Asia, CITIC Securities, and Merrill Lynch (Asia Pacific) as the joint sponsors and other underwriters on China Resources Beverage’s US$650 million global IPO and Hong Kong Stock Exchange Main Board listing. This is one of the largest IPOs in Hong Kong in 2024. 
• Morgan Stanley, CICC and China Securities International as underwriters on Shiyue Daotian Group’s HK$820.3 million global IPO and Hong Kong Stock Exchange Main Board listing.
• Tian Li International, the controlling shareholder of China Tobacco International (HK), on certain Hong Kong law aspects with respect to China Tobacco International (HK)’s US$104 million global IPO and Hong Kong Stock Exchange Main Board listing.*
• China Yongda Automobiles Services Holdings on its US$215 million global IPO and Hong Kong Stock Exchange Main Board listing.*
• Yoho Group Holdings on its HK$120 million global IPO and Hong Kong Stock Exchange Main Board listing. *
• JP Morgan as the sole global coordinator and sole sponsor, and BOCOM International, ICBC International, Mizuho Securities, BNP Paribas and Barclays as the joint bookrunners, and the other underwriters on China Hongqiao Group’s US$790 million global IPO and Hong Kong Stock Exchange Main Board listing. *
• Morgan Stanley as the sole global coordinator, together with UBS as the joint sponsors, together with BOC International as the joint bookrunners and joint lead managers, and the other underwriters on Zhongsheng Group Holdings’ US$387 million global IPO and Hong Kong Stock Exchange Main Board listing. *
• Credit Suisse as the sole global coordinator, BOC International as the joint bookrunners and joint lead managers, together with Somerley as the joint sponsors, and the other underwriters on Kaisa Group Holdings'' US$440 million global IPO and Hong Kong Stock Exchange Main Board listing.*
• During secondment at Morgan Stanley, advised on the global IPO and Hong Kong Stock Exchange Main Board listings of Sinopharm Group, China Resources Cement Holdings, Yingde Gases Group, Wynn Macau, Yuzhou Properties, Green Holdings and Longfor Properties, and a number of block trades and top-up placements.*
• HealthyWay on its US$25 million global IPO and Hong Kong Stock Exchange Main Board listing.CCB International Capital Limited acted as the sole sponsor.

Others:

• Smithfield Foods, the biggest U.S. pork processor in the U.S., and its shareholder, WH Group, the world’s largest pork company and based in China, on the upsized US$522 million sale of Smithfield common stock by SFDS UK Holdings Limited in a secondary offering.
• Zhongsheng Group Holdings on its HK$2.35 billion convertible bonds repurchase and HK$3.925 billion convertible bonds issuance.*
• The underwriters on the RMB3.45 billion USD-settled H share convertible bonds by China Railway Construction Corporation Limited.*
• Mongolian Mining Corporation on its US$201 million global rights offering.*
• Zhongsheng Group Holdings on the HK$2.35 billion convertible bonds offering.*
• China Yongda Automobiles Services Holdings on its placing of existing shares to certain placees and subscription of new shares by Asset Link.*
• The placing agents on the US$129 million top-up placing of shares by Sun Hung Kai & Co.*
• The placing agents on the US$218 million placing down and sale of the shares in Goldpoly New Energy Holdings by Jet Mile.*
• The placing agents on the US$94.8 million placing of new shares by Louis XIII Holdings as part of a financing round through which Louis XIII Holdings also raised an additional US$38.7 million by issue of convertible bonds.*
• The placing agents on the HK$3.73 billion, HK$4.07 billion and HK$9.78 billion placing of shares by CSPC Pharmaceutical Group.*
• The placing agents and the joint underwriters in the concurrent US$120 million top-up placing transaction and offering of US$180 million convertible bonds by China Power International Development.*
• The placing agent on the US$160 million top-up placing by China Everbright International.*
• The placing agent on the US$216 million placing of primary shares by G-Resources Group.*
• The placing agent on the US$48.2 million placing down and sale of the shares in Lijun International Pharmaceutical (Holding) held by Victory Rainbow Investment.*
• China Agri-Industries Holdings, on its US$200 million top-up placing transaction, with Morgan Stanley and J.P. Morgan as the placing agents.*
• The placing agents on (i) the US$79.5 million top-up placing by Sino Biopharmaceutical and (ii) the US$64.5 million placing down and sale of the shares in Sino Biopharmaceutical held by Conspicuous Group.*
• The placing agent on the US$154 million top-up placing by Real Gold Mining.*
• The joint placing agents on (i) the US$67 million top-up placing of Xinyi Glass Holdings and (ii) the US$59 million private placement of Xinyi Glass Holdings by its controlling shareholders.*
• A PRC petrochemical company in connection with a pre-IPO purchase of exchangeable bonds by certain financial and strategic investors in the amount of US$80 million.*
• China Zenith Chemical Group, regarding its open offer on the basis of one offer share for every two existing shares held raising approximately HK$200 million.*
• Goldman Sachs & Co., P. Morgan, Jefferies, Morgan Stanley, William Blair, and Guggenheim Securities as underwriters in connection with SharkNinja underwritten secondary public offering of ordinary shares. In connection with the offering, certain selling shareholders sold an aggregate of 7,009,444 ordinary shares (including the full exercise of the underwriters’ option to purchase additional ordinary shares) at a price to the public of $47.00 per ordinary share, raising gross proceeds of approximately $329 million. SharkNinja is with a diversified portfolio of 5-star rated lifestyle solutions that positively impact people’s lives in homes around the world.

Compliance

• Tencent Holdings, China Yongda Automobiles Services Holdings, Hilong Holding, The People’s Insurance Company (Group) of China, China Nonferrous Metal Mining Group, Mongolian Mining Corporation, Yihai International, Hisense Kelon Electrical Holdings, Datang International Power Generation, New World China Land, i-CABLE Communications, LVGEM (China) Real Estate Investment Company, United Company RUSAL PLC, Renrui Human Resources Technology Holdings and Yoho Group Holdings in relation to their ongoing compliance with the listing rules of Hong Kong.*

M&A

• Sino-Ocean Group on the US$800 million sale of its interest in Sino-Ocean Taikoo Li Chengdu, a retail-led mixed-use development consisting of an open-plan, lane-driven mall and a boutique hotel with serviced apartments in southwestern China jointly launched by Sino-Ocean Group and Swire Properties, to Swire Properties.
• Tencent on its strategic investment with Evergrande Real Estate Group by way of subscription of shares and top-up warrants in Mascotte Holdings for an aggregate consideration of HK$750.7 million.*
• Baidu Holdings in connection with its US$1.9 billion acquisition of 91 Wireless Websoft.*
• Forgame Holdings Limited in connection with its proposed US$70 million acquisition of 21% stake in Magic Feature.*
• TPG on its investment in China Ruifeng Galaxy Renewable Energy Holdings by way of a US$60 million convertible bond and US$15 million warrants.*
• Chow Tai Fook Group in relation to its HK$505 million acquisition from Peace Mark (Holdings) (through the provisional liquidators appointed for its winding up) of assets relating to the retail and watch movement manufacturing businesses in the Greater China region as a part of the Peace Mark Group’s liquidation.*
• Hisense Kelon Electrical Holdings in relation to its proposed acquisition of “white goods” interests from its controlling shareholder for a consideration of RMB1.24 billion.*
• An investment corporation in its investment in Bank of Communications. *
• An investment corporation and CITIC Capital China Access Fund on their US$120 million investment in China Lumena New Materials, a company listed on the Hong Kong Stock Exchange. *
• SAIF, a major financial institution and other shareholders of NVC Lighting Holding, a company listed on the Hong Kong Stock Exchange, in their sale of a strategic stake to Schneider Electric. *
• A Singaporean government-linked corporation on a joint bid with a major financial institution to acquire an approximate 14% stake in a PRC life insurance company. *
• Uniden, a company listed on the Tokyo Stock Exchange, in relation to its subscription of 20% of the issued share capital of SunCorp Technologies Limited, a company listed on the Hong Kong Stock Exchange. *
• Mobile Streams, a company listed on the AIM of the U.K., in relation to its acquisition of the entire issued share capital of Mobilemode, a H.K. company trading in mobile phone entertainment contents with businesses in Asia Pacific. *