Capital Markets

Equity

• Chagee $411.2 million U.S. IPO
• Ascentage Pharma $126.4 million U.S. IPO
• Gracell Biotechnologies PIPE of up to $150 million ordinary shares and warrants
• Keep HK$313 million Hong Kong IPO
• Gracell Biotechnologies establishment of $50 million at-the-market program
• Capital markets aspect of Provident Acquisition $1.02 billion combination with Perfect
• Summit Healthcare Acquisition $200 million U.S. IPO
• Onion Global $67.5 million U.S. IPO
• Adagene $161 million U.S. IPO
• Provident Acquisition $230 million U.S. IPO
• Zai Lab $766 million Hong Kong secondary listing
• Genetron Holdings $256 million U.S. IPO
• InflaRx $100 million U.S. IPO
• CNFinance $51.9 million U.S. IPO
• Regular advice on SEC reporting and corporate governance matters for U.S. public companies

Debt

• PT Freeport Indonesia $3 billion debut Rule 144A and Reg S notes offering
• Mongolian Mining cash tender offer
• Zhenro Properties senior notes offering, exchange offer and consent solicitation
• Ingersoll-Rand Global $1.15 billion SEC-registered senior notes offering
• Westlake Chemical Corporation $500 million SEC-registered notes offering
• iQIYI $750 million debut Rule 144A and Reg S convertible notes offering
• Universal American $115 million Rule 144A convertible notes offering
• China Orient Asset Management $8 billion MTN program update and upsizing, and $2 billion investment-grade bonds offering and $700 million investment-grade bonds offering
• 21Vianet Group $300 million high-yield notes offering and concurrent cash tender offer
• China Oil and Gas Group $320 million high-yield notes offering
• KWG Group $300 million and $350 million high-yield notes offerings
• Various issuance and private placement of high-yield and investment grade notes offerings by Chinese property developers, SOEs and LGFVs

Financing

• Financing for Lorom merger with In-Tech
• China Youran Dairy Group syndicated term loan credit facility
• Yili Group HK$6.25 billion acquisition of 34.33% of Ausnutria Dairy
• Secured term loan facilities for a HKEX-listed Chinese property developer
• Chart Industries term loan facility in relation to its acquisition of Howden
• Newell Brands Inc. credit agreement 2022 refinancing
• Bilateral margin loan facility for the founder of a HKEX-listed toy company

Mergers & Acquisitions

• Tencent and Tencent Music Entertainment strategic investment in Universal Music Group
• Emerson’s acquisition of General Electric’s Intelligent Platforms business
• A.P. Moller – Maersk on forming a broad strategic relationship with IBM