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Ted HU
Equity Partner / Shanghai
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Tel +86-21-6061-3666
Email tedhu@zhonglun.com
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Practices
Chinese Mainland Capital Markets, Private Equity & Investment Funds, Investment/M&A & Corporate Governance
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Industries
Healthcare, Pharmaceuticals & Life Sciences, Energy & Power
Ted HU
Yinzi Hu has been specializing in and focusing on the capital market, M&A and private equity investment since his practice in 2011. He has rich practical experience in various types of domestic or cross-border transactions including mergers and acquisitions, investment and financing, restructuring and reformation, equity incentives, securities issuance and state-owned assets transactions. He is familiar with a wide range of industries covering pharmaceuticals and healthcare, energy and power, real estate, urban infrastructure, industry and manufacturing, and others. Most of his clients are domestic and overseas listed companies, large state-owned enterprises, investment institutions and innovative enterprises. Some of those transactions handled by him was listed of Deals of the Year by China Business Law Journal or IFLR1000 China Awards or was regarded as landmark projects in relevant industry. Ted Hu is expert at tailoring the transaction structure according to commercial needs, identifying various legal and commercial issues and putting forward constructive solutions. He is adept at handling large and complex transactions and dealing with various pressures and changes, helping his clients effectively control risks and facilitate the conclusion of transactions, winning praise from clients with his professional, dedicated, patient and efficient legal services
Representative Matters
Capital Markets/Securities
Acted as issuer’s counsel, provided legal service for SIIC Environment Holdings Ltd. (0807.HK;BHK.SG) in its dual listing on the main board of the HKEX
Acted as issuer’s counsel, provided legal service for Shanghai Electric Power Co., Ltd. (600021.SH) in its non-public issuance of A Shares to raise funds to invest in several offshore wind power projects
Acted as issuer’s counsel, provided legal service for Shanghai Industrial Urban Development Group Limited (0563.HK) in its reverse takeover of Shanghai Urban Development (Holdings) Co., Ltd. involving new listing on the main board of the HKEX (the case was regarded as a typical case by HKEx)
Acted as issuer’s counsel, provided legal service for Goldenmars Technology Holdings Limited (08036.HK) in its listing on the growth enterprise market of HKEx
Acted as issuer’s counsel, provided legal service for Shanghai Industrial Holdings Limited (0363.HK) in its issuance of HK$3,900,000,000 Zero Coupon Convertible Bonds
Acted as issuer’s counsel, provided legal service for Biocytogen Pharmaceuticals (Beijing) Co., Ltd. (2315.HK) in its listing on the main board of the HKEX
Investment/M&A in Pharmaceuticals and Healthcare
Represented Shanghai Pharmaceuticals Holding Co., Ltd (601607.SH/2607.HK) in its acquisition of Cardinal Health Inc.’s (NYSE:CAH) China Business (this transaction was awarded Deals of the Year 2018 by China Business Law Journal)
Represented Shanghai Pharmaceuticals Holding Co., Ltd (601607.SH/2607.HK) in its acquisition of Techpool Bio-Pharma Co., Ltd. from Takeda Pharmaceutical Company Limited (TYO:4502)
Represented Sinopharm Group Co. Ltd.(01099.HK) in its acquisition of 60% equity interest in China National Scientific Instruments and Materials Co., Ltd. held by CNPGC
Represented Shanghai SPH Ruier Drugs Co., Ltd. in its acquisition of Foshan Kaichuan Pharma Co., Ltd.
Represented CNNC Medical Investment Management Co., Ltd., a subsidiary of CNNC, in its acquisition of several medical imaging center operating entities
Represented Shanghai Pharmaceutical Co., Ltd. in its establishment of a third-party logistics joint venture with DHL China
Represented Sequoia Capital in its leading investment in BoomRay’s round A financing of nearly CNY 300 million
Represented BioVeda China Fund in its investment in CARsgen Therapeutics of tens of millions CNY
Represented CD Capital in its investment in Righton Gene’ s round A financing of more than CNY 100 million
Represented BioVeda China Fund in its investment in Allgens’ round C financing of CNY 70 million
Represented Shanghai Pharma (601607.SH) in its leading investment in Overseas Pharma’s round C financing of CNY 150 million
Assisted SPH Health Commerce Co., Ltd to complete its CNY 1.112 billion of round A financing (investors include JD.com and IDG), hundreds of millions of yuan of round A+ financing (investors include Softbank and others) and 1.033 billion yuan of round B financing (investors include Shanghai Healthcare Capital, JIC Investment and others)
Assisted Biocytogen to complete its D+ round financing of CNY 970 million
Assisted Doma Biopharma in its establishment and completion of round A financing of CNY 950 million
Assisted Eucure Biopharma in its establishment and completion of several rounds of equity financing
Assisted Genova Inc. to complete its round B financing of USD 50 million
Assisted DiaCarta to complete its round B financing of more than USD 40 million
Assisted InnoMed to complete its round C financing of more than CNY 100 million
Assisted LongBio to complete its round A and A+ financing of more than CNY 100 million
Assisted Shanghai Pharma, Chia Tai Tianqing, CSPC Pharma and other pharmaceutical enterprises in their various BD transactions including market authorization, intellectual property, sales rights, industrial rights by providing legal due diligence and transaction documents drafting services
Investment/M&A in Power and Energy
Represented Yunnan Provincial Energy Investment Group Co., Ltd. in its establishment of an industrial M&A fund and completion of the acquisition of 23 photovoltaic power generation projects in Hebei and Shanxi under GCL New Energy Holdings Limited (0451.HK) (with a total installed capacity of 969.47MW)
Represented China Three Gorges Corporation (CTGC) and its subsidiaries to acquire dozens of wind and photovoltaic power generation project companies in Hunan, Shaanxi, Inner Mongolia, Hebei, Shandong, Liaoning and other places
Represented Xinhua Electricity Development Investment Limited, a subsidiary of China National Nuclear Corporation (CNNC), in its acquisition of dozens of wind and photovoltaic power generation project companies in Gansu, Xinjiang, Tianjin, Hebei, Shanxi, Qinghai, Inner Mongolia, Yunnan, Jiangsu and other places from Kong Sun Holdings Limited (0295.HK) and other HKEx listed companies
Represented Shanghai Industrial Holdings Limited (0363.HK) in its establishment of a JV with HT-SAAE (600151.SH) and represented the JV in its acquisition of several photovoltaic power generation plants in Gansu, Xinjiang, Qinghai and Ningxia.
Represented Beijing Energy International Holding Co. , Ltd. (0686. HK) in its acquisition of dozens of wind and photovoltaic power station projects in Anhui, Hebei, Hubei, Shaanxi, Liaoning, Inner Mongolia, Guangdong and other places
Represented Shanghai Electric Power Co., Ltd. (600021. SH) and its affiliates in their completion of investment in Shanghai Sunwise New Energy System Co., Ltd. by capital increase of RMB 192 million and obtaining its 33.8% equity (the company is an important domestic supplier of overall solutions and key equipment for hydrogen system and the builder of hydrogen energy supply service chain)
Representation an HKEx listed company in its acquisition of several industrial and commercial rooftop distributed photovoltaic power generation projects and charging pile projects under a PRC energy storage technology development company
Representing an HKEx listed company in its establishment of PRC project management headquarter and investment operation platform, and completion of acquisition of several PRC photovoltaic power generation projects
Represented Zhongneng Integrated Smart Energy Technology Co., Ltd. in its establishment of a joint venture with a smart power operation and maintenance enterprise
Represented SIIC Shanghai Investment (Group) Co., Ltd. in its completion of capital increase in Shanghai Electric Power Trading Center Co., Ltd
Represented Sequoia Capital to lead the investment in a PRC energy storage technology research and development enterprise
Investment/M&A in Real Estate
Assisted Shanghai Industrial Urban Development Group Limited (0563.HK) in its acquisition of Shanghai Urban Development (Group) Co., Ltd, the transaction amount of which is 6.11 billion HK dollars. This case was regarded as a typical case by HKEx for it constituting very substantial acquisition and new listing
Assisted Shanghai Industrial Urban Development Group Limited (0563.HK) in its acquisition of Shanghai World Trade Center Co., Ltd, the transaction amount of which was USD 579.3 million (the target holds Shanghai Mart property, which is the first permanent international trade city in China, with a total floor area of more than 280,000 square meters)
Represented Taiping Insurance in its acquisition of a commercial real estate in Beijing, the transaction amount of which was CNY 1.8 billion
Represented an equity investment fund in its acquisition of an industrial real estate project in Shanghai
Represented a trust company in its establishment of several trust and completion of investment in several real estate projects
Represented several fund management companies in their establishment of real estate fund and completion of investment in several real estate projects
Assisted Shanghai Industrial Urban Development Group Limited (0563.HK) in its sale of 60% equity interest in Shanghai Huanyu Urban Investment and Development Co., Ltd. the transaction amount of which was CNY 3.576 billion (the company holds a proposed composite commercial development located in Shanghai Xuhui District occupying a total site area of approximately 77,370.5 sq.m)
Investment/M&A in Urban Infrastructure
Represented SIIC Shanghai Investment (Group) Co., Ltd. in its acquisition of 23.0584% equity interest of Hangzhou Bay Bridge Development Co, Ltd. from Sino-Steel, transaction amount of which is CNY 1.466 billion
Represented Shanghai Industrial Holdings Limited (0363.HK) and SIIC Environment Holdings Ltd. (BHK.SG) in their acquisition of Longjing Environmental Protection Group Co., Ltd (which holds 41 projects related to wastewater treatment, water supply and sludge treatment)
Represented SIIC Environment Holdings Ltd. in its acquisition of 50% shares of Shanghai Pucheng Thermal Power Co., Ltd., the transaction amount of which is about CNY 530 million
Represented SIIC Environment Holdings Ltd. in its acquisition of a garbage power plant located in Dazhou, Sichuan, the transaction amount of which is about CNY 145 million
Represented a fund managed by SIDC Juli Investment Management Co., Ltd. in its completion of investment in Shandong Lunan Borui Hazardous Waste Centralized Disposal Co., Ltd. of nearly CNY 300 million (the company is a comprehensive hazardous waste disposal enterprise with large disposal scale and complete treatment categories in South Shandong area)
Investment/M&A in Other Sectors
Assisted Shanghai Oriental Newspaper Co., Ltd. (the operating entity of thePaper.cn) in its completion of round B financing of RMB 400 million
Represented Sequoia Capital as the main investor in its participation in the mixed ownership reform project of Guangzhou G-Gas Energy Co., Ltd
Represented a USD investment fund in its investment in AutoX, an auto-driving technology enterprise by convertible bonds
Represented an RMB fund in its investment in Shanghai Lingyun Microelectronics Co., Ltd., a semiconductor technology enterprise
Represented Shanghai Galaxy Investment Co., Ltd. and its affiliates in their investment in Zhejiang Wufangzhai Industrial Co., Ltd.
Represented Shanghai Galaxy Investment Co., Ltd. in its investment in Shanghai Zhenchen Finance Leasing Co., Ltd
Private Equity & Investment Funds
Represented several PE investment fund management institutions including Sequoia Capital, Matrix China, CD Capital, BioVeda China Fund, Infinity Equity, Lake Ventures in their numbers of PE investment projects in various innovative technology enterprises, and assisted in the following rounds of financing and mergers of the portfolio companies
Provided legal services for CD Capital, BioVeda China Fund, Lake Ventures, Ehouse China and other PE investment fund management institutions in their establishment of several PE investment funds and assisted in their following fund management
Provided legal services for several large-scale enterprises or institutions in their investment as limited partners in PE investment funds
Honors and Awards
Next Generation Lawyers (Corporate and M&A), The Legal 500 Asia Pacific, 2018
Next Generation Lawyers (Private Equity/Venture Capital), The Legal 500 Asia Pacific, 2019
Deals of the Year 2018(Shanghai Pharmaceuticals on its acquisition of Cardinal China), China Business Law Journal
2021 IFLR1000 China Awards(Shanghai Pharma Health's acquisition of KDL Pharmacy and Baiji Pharmacy)
Publications
ECO-ENVIRONMENTAL LEGAL PRACTICE within the context of the carbon peak and neutrality goals, Research Institute of Zhong Lun Law Firm,2021
New Energy Law Collection of Zhong Lun Law Firm: NEW RULES AND INNOVATION IN VARIABLES,Research Institute of Zhong Lun Law Firm,2021
Related
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Deals Related
Zhong Lun Assists with the Establishment and RMB 950 Million Series A Financing of Doma Biopharma
Zhong Lun has provided full legal services for the entire process of the establishment and Series A financing of Doma Biopharma.
2022-06-10
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Bar Admissions/Professional Qualifications
PRC Bar
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Education
LL.M, Liverpool John Moores University
Bachelor of Laws, Bachelor of Econimics, Shanghai Universtiy Law School -
Professional Experience
Equity Partner, Non-equity Partner, Zhong Lun Law Firm
Associate, AllBright Law Offices -
Languages
Chinese
English