Yang Chu
  1. Partner

Mr. Chu is a partner in Davis Polk’s Corporate Department, resident in Hong Kong. His practice spreads across a broad range of corporate matters, including equity and debt capital markets, public takeovers, cross-border acquisitions, general compliance and corporate governance.

Work Highlights

M&A 
  • Tencent’s:
    • subscription of 1,036,766,038 ordinary shares of China Youzan Limited for an aggregate price of HK$550 million
    • purchase of 96,820,000 ordinary shares of Weimob Inc. for an aggregate price of HK$353 million
    • acquisition of 9.9% interest in LotSynergy for a consideration of HK$226.7 million
  • Warburg Pincus and Barings Asia on Xinjiang Xintai's partial offer to acquire AAG Energy
  • Independent financial adviser to the independent board committee of Orient Overseas (International) ("OOIL") on the acquisition of all the issued OOIL shares held by qualifying OOIL shareholders by COSCO Shipping Holdings and Shanghai International Port by way of a general offer
  • Red Star Macalline on its $590 million proposed voluntary offer to repurchase H shares
  • China Vanke on its participation in the $11.6 billion consortium acquisition of Global Logistics Properties
  • Beijing iRENA’s acquisition of 28.76% interest in Ourgame Holding for a consideration of HK$1.38 billion
  • Intime Retail’s:
    • $2.55 billion proposed privatization by Alibaba Investment and Intime International Holdings
    • issue of shares and convertible bonds to Alibaba for a consideration of HK$$5.37 billion and the subsequent additional whitewash waiver
  • China Resources Beer on its acquisition of a 49% interest in China Resources Snow Breweries
  • UCAR Technology’s acquisition of an interest in CAR Inc.
  • China Cinda Asset Management’s acquisition of property interests from Guoco Group for a consideration of RMB10.5 billion
  • PICC Group’s acquisition of a 19.99% interest in Hua Xia Bank for a consideration of RMB25.7 billion
  • Sunac’s proposed acquisition of 49.25% interest in Kaisa for up to $584 million and the related debt restructuring for Kaisa
  • The controlling shareholder of Winsway Coking Coal Holdings in his proposed disposal of Winsway shares to Chalco for a total consideration of $307 million
Equity Capital Markets
  • CStone Pharmaceuticals' $285 million Hong Kong IPO and global offering 
  • AsiaInfo Technologies' $110.6 million Hong Kong IPO and global offering
  • Innovent Biologics’ $403.1 million Hong Kong IPO and global offering
  • BeiGene's $903 million Hong Kong IPO and global offering
  • Ping An Healthcare and Technology's $1.12 billion Hong Kong IPO and global offering
  • Razer Inc.’s $491.5 million Hong Kong IPO and global offering
  • China Everbright Greentech’s $390.2 million Hong Kong IPO and global offering
  • AAG Energy’s $294 million Hong Kong IPO and global offering
  • China Cinda Asset Management’s $2.8 billion Hong Kong IPO and global offering and its post-listing compliance
  • China Everbright Bank’s $3.4 billion Hong Kong IPO and global offering
  • The People’s Insurance Company (Group) of China’s $3.6 billion Hong Kong IPO and global offering and its post-listing
  • Prudential plc on its listing by way of introduction on the Hong Kong Stock Exchange and its post-listing compliance
  • Zhejiang Expressway’s €365 million of zero coupon H share convertible bond offering
  • China Railway Construction’s $500 million zero coupon H share convertible bond offering
  • CIFI Holdings’ HK$2.79 billion convertible bond offering
  • Beijing Enterprises Water’s HK$2.655 billion placing of shares
  • China Maple Leaf Educational’s HK$1 billion placing of shares
  • Ronshine China’s HK$1.1 billion and HK$1.2 billion top-up placings of shares
  • China Cinda’s H share placing of shares to COSCO SHIPPING Financial
  • Haitong Securities’ $4.3 billion H share placing of shares
  • Huadian Fuxin Energy’s HK$1.718 billion H share placing of shares
  • Huaneng Power’s HK$3.139 billion H share placing of shares
  • Sun Hung Kai’s $129 million placing of shares
  • Galaxy Entertainment’s $613 million placing of shares
  • China Communications Services Corporation’s $473.2 million rights issue
Debt Capital Markets
  • China Evergrande’s $2 billion high-yield notes offering
  • Ronshine China’s reopen of $200 million high-yield notes
  • Fantasia’s issue of $200 million high-yield notes
  • China South City’s issue of $200 million high-yield notes
  • Fujian Yango’s issue of $110 million and $150 million high-yield notes as well as $100 million senior floating-rate notes
  • Yanlord’s issue of S$400 million high-yield notes
  • Greentown China’s issue of $400 high-yield notes
  • Longfor Properties’ issue of $500 million and RMB2 billion high-yield notes
  • Tencent on its establishment, update and upsize of $10 billion MTN program and its subsequent multi-currency takedowns
  • ENN Energy’s issue of $600 million bonds, $400 million bonds and the subsequent tender offer
  • China Reinssurance’s issue of its debut $800 million notes and the subsequent tap issue
  • Geely Holdings’ issue of $400 million credit enhanced green bonds
  • Hikvision Digital Technology’s issue of debut €400 million notes
  • China Minsheng’s issue of $300 million credit enhanced bonds
  • Greentown China’s establishment of its $2 billion MTN programme and the subsequent takedown
  • China Vanke’s issue of $800 million notes, establishment and update of $2 billion MTN programme and its subsequent multi-currency takedowns
  • China Cinda Asset Management’s issue of $2.5 billion senior notes, $1.5 billion guaranteed senior notes, $500 million placement of notes, establishment of $3 billion MTN programme and the subsequent takedown
  • AVIC International’s issue of RMB $1.5 billion guaranteed bonds
  • CITIC Resources’ cash tender offer
Regulatory
  • A U.S.-based hedge fund in the application of SFC type 9 (asset management) licence for its newly established Hong Kong subsidiary
  • A U.K.-based hedge fund in the application of SFC type 9 (asset management) licence for the Hong Kong branch office of its Maltese subsidiary
  • PICC HK Asset Management in its application of SFC type 9 (asset management) licence

Professional History

  • Partner since 2019
  • Davis Polk since 2011
  • Slaughter and May, 2007-2011

Bar Admissions

  • Hong Kong

Education

  • LL.B., Law, London School of Economics and Political Science, 2006
  • PCLL, University of Hong Kong, 2007

Languages

  • English
  • Mandarin