Chinese Outbound Investment 

Advised ZWSOFT (688083.SH) on its acquisition of 100% shares in a well-known industrial software UK company through its Hong Kong subsidiary.

Advised Beijing Konruns Pharmaceuticals (603590.SH) on its acquisition of certain assets of China NT Pharma (1011.HK) related to orthopedic medicines (Miacalcic) for a consideration of approximately CNY 900 million. The due diligence for this deal was conducted in more than twenty jurisdictions, including the Chinese mainland, Hong Kong, USA, Switzerland, the BVI, the Cayman Islands, France, and Germany.

Advised Guangzhou Metro on its subscription for shares in Yuexiu Property (0123.HK) in consideration of HKD 6.2 billion. Upon completion of the deal, Guangzhou Metro became the second largest shareholder of Yuexiu Property.

Advised Guangzhou Metro on its subscription for shares in Chong Hing Bank (1111.HK) in consideration of HKD 1 billion. Upon completion of the deal, Guangzhou metro became the second largest shareholder of Chong Hing Bank

Advised Great Wall Motor (601633.SH; 2333.HK) on its subscription for 5% of the new shares in Pilbara Minerals Limited (ASX: PLS)

Advised the Sydney Branch of China Construction Bank on syndicated loans of USD 2.5 billion in total provided to State Grid Corporation of China to support the borrower’s acquisition of Pacific Hydro Pty Ltd, an Australian renewable energy company

Advised a state-owned enterprise on its acquisition of certain H-shares in a Hong Kong listed PRC bank

Advised a state-owned enterprise on its acquisition of 5% shares in a Hong Kong listed technology company through Hong Kong Stock Connect

Advised a fund on its investment in a new energy vehicle enterprise during the pre-IPO round for overseas IPO of the latter

Assisted a state-owned enterprise in setting up an overseas investment and financing platform

Advised Jollychic, an e-commerce platform and unicorn company, on its issue of overseas convertible bonds to UAE’s G42 Group and its series C+ financing of USD 65 million

Advised an internet enterprise on its investment in an online music sharing platform in Australia

Advised a private company on its acquisition of a real estate property in Malaysia

Advised a private company on its investment in an Australian real estate project

Advised Shenzhen Bauing Construction Holding Group Co., Ltd. (SZSE stock code 002047) on entering into a general contract for design, procurement, and construction of intelligently assembled houses in Australia with a contract price of approximately RMB 1.3 billion.

Advised many Chinese companies on establishing joint ventures in foreign countries or making greenfield investments in outbound markets

Energy and Resources

Advised SPIC on a 25-year green power purchase agreement with BASF to supply no less than one billion kwh of renewable power to the BASF Zhanjiang Integrated Base each year

Advised a central state-owned enterprise on a number of cross-border or domestic LNG long-term (10-20 years) sale and purchase agreements and spot sale and purchase agreements

Advised a central state-owned enterprise in the oil and gas industry on its various cross-border LNG long-term sale and purchase agreements

Advised a state-owned enterprise on its negotiation of a cross-border LNG supply agreement between Guangdong Dapeng LNG Company Limited and North West Continental Shelf Corporation of Australia

Advised a state-owned enterprise on its long-term sale and purchase agreement concerning onshore pipeline natural gas and a number of spot sale and purchase agreements

Advised a state-owned enterprise on a series of offshore spot MSPAs

Advised a state-owned enterprise on its Sino-foreign natural gas terminal joint venture project and terminal use agreement

Advised a foreign company on its order and construction of a floating production unit in China for offshore oil and gas drilling

Advised a foreign company on its acquisition of a Chinese oil & gas drilling environmental protection technology company

Advised a fund on its investment in a Spanish gas company. 

Advised CNOOC on its acquisition of PNG Energy in Papua New Guinea

Advised a state-owned enterprise on its Kazakhstani natural gas pipeline project

Advised Chevron on its joint venture gas development project with CNPC in northeast Sichuan province of China

Advised a foreign oil company on a natural gas filling station in Guangzhou

Advised a foreign oil company on a number of its LNG product sharing contracts

Advised a state-owned enterprise on its China-Mongolia cross-border long-term coal purchase and sale agreement

Advised a state-owned enterprise on its investment in overseas coal mine and railway construction projects

Advised Mongolia’s SouthGobi Resources Co., Ltd., a coal mine enterprise, on its cross-border trading of coal to China

Advised an overseas subsidiary of a Chinese state-owned enterprise on its sale of a coal-fired power plant in Mexico

Advised a state-owned enterprise on its preliminary due diligence for acquisition of an Indonesian coal mine

Assisted a state-owned enterprise in conducting due diligence on the compliance issue of its Indonesia's coal mining right

Advised Mongolia Oyu Tolgoi Company on its long-term power purchase agreement with China’s Inner Mongolia Power Group Corporation

Advised a state-owned energy group and a central state-owned power grid enterprise on an annual retainer basis for their overseas work

Advised a central state-owned power investment enterprise on a number of M&A deals in new energy sectors, involving wind, photovoltaic, and hydrogen power

Advised Tianqi Lithium (002466.SZ) on its acquisition of Galaxy Resources, an Australian lithium mining enterprise

Advised Great Wall Motors on its purchase of lithium ores from Australia’s Pilbara Minerals Limited

Advised a Chinese listed company on its proposed acquisition of a lithium mining company in the Northern Territory of Australia

Advised Altura Mining, an Australian listed company, on a joint venture lithium exploration project in Australia with a PRC company

Advised Mongolia’s Oyu Tolgoi, a mining subsidiary of Rio Tinto, on its sale of copper concentrates to China

Advised a Chinese state-owned steel enterprise on its acquisition of an iron mine in Indonesia

Advised Hunan Nonferrous Metals Group on its acquisition of King Island Scheelite Limited and a number of other nonferrous metal mining projects in Australia

Advised a PRC enterprise on its purchase and import of gold from Uganda and Kenya

Foreign Investment in China and Regulatory Compliance

Advised overseas sellers on selling their 100% equity in Shanghai ISO Medical Products Co., Ltd. and Sentry (Nantong) Medical Materials Co., Ltd. to a subsidiary of the A-share listed company Zhende Medical (603301.SH) in consideration of approximately CNY 510 million. The deal was ranked number six on the M&A rankings of China medical equipment industry in 2021

Advised an overseas private equity funds on its investment in a number of data centers in the Chinese mainland

Advised Keppel Land, a real estate company owned by Keppel Group, Singapore’s largest multinational company, on Keppel Land’s acquisition of 30% shares in Win Up Global, an offshore company that holds Westmin Plaza, a shopping mall in Liwan District, Guangzhou

Advised SATS China Co., Ltd., a subsidiary of SATS Ltd. (SGX: SATS), on its acquisition of 50% shares in Nanjing Weizhou Airline Food Corp., Ltd., a NEEQ listed company, in consideration of CNY 156.2 million. The target company was delisted from the NEEQ on August 21, 2019

Advised SATS Ltd. (SGX: SATS) on its establishment of a joint venture with Guangzhou United Aviation Services Ltd. and Shenzhen Shunhe Tiancheng Commerce and Trade Co., Ltd. in Huizhou, Guangdong for processing and sales of airline food

Advised Dulux Group (ASX: DLX) on its merger with Hong Kong-based Camel Group of all their business in the Chinese mainland and Hong Kong

Advised Fresenius Kabi, a German medical equipment manufacturer, on its acquisition of a number of medical equipment manufacturing and selling companies in China

Advised CSL, an Australian pharmaceuticals giant, on a number of M&A projects in China

Advised ANZ (ASX: ANZ) on its acquisition of 20% shares in Shanghai Rural Commercial Bank

Advised IAG (ASX: IAG) on its proposed acquisition of 20% shares in China Pacific Property Insurance Co., Ltd.

Overseas Listing

Advised Virax Labs, an innovative biotechnology company incorporated in the Cayman Islands, on its listing on Nasdaq

Advised SAI.TECH Limited on its listing on Nasdaq by merging with TradeUp Global Corporation, a Nasdaq listed SPAC (special purpose acquisition company) 

Advised Honye Financial Services Limited (LSE: HOYE) on its listing on the main board of the London Stock Exchange as a SPAC (special purpose acquisition company) and its subsequent proposed merger with an online securities brokerage firm