Individual Member, Mr. Sheng CHEN
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ShengCHEN, Partner of Baker McKenzie



Sheng Chen is a registered foreign lawyer in Baker McKenzie's Hong Kong office and a member of the Firm's Capital Markets Practice Group


Sheng's practice focuses on capital markets, privatizations and corporate governance. He represents Chinese clients in a wide range of transactions, including initial public offerings in Hong Kong and the US global depository receipt offerings, privatizations and debt offerings.


Representative clients, cases or matters


Capital Markets — Swiss/London GDR


Represented Chengxin Lithium Co., Ltd. in its proposed GDR offering and listing on the SIX Swiss Exchange. Chengxin Lithium is principally engaged in the production and sales of new energy lithium battery materials, including lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride, and lithium metal.


Represented Angel Yeast Co., Ltd. in its proposed GDR offering and listing on the SIX Swiss Exchange. Angel Yeast is a leading global yeast and yeast extract manufacturer.


Represented Zhejiang Yongtai Technology Co., Ltd. in its proposed GDR offering and listing on the London Stock Exchange. Yongtai Technology is a China-based company principally engaged in the research, development, manufacture and distribution of fluoric fine chemical products.


Represented Beijing United Information Technology Co., Ltd. in its proposed GDR offering and listing on the SIX Swiss Exchange. Beijing United Information Technology is a leading industrial business-to-business (B2B) digital commerce platform in China.



Capital Markets — Equity (HK)


Represented CICC as sole sponsor in HKD 412 million global offering and listing of BaTeLab Co., Ltd. on the Main Board of the Hong Kong Stock Exchange. BaTeLab is an emerging high-tech enterprise specializing in the research and development of analog integrated circuits.


Represented the joint sponsors CICC and DBS in AustAsia Group Ltd.'s initial public offering and listing on the Hong Kong Stock Exchange. AustAsia is a leading dairy farm operator in China, providing premium raw milk to a diversified customer base of downstream dairy product manufacturers.


Represented Giant Biogene Holding Co., Ltd. in its initial public offering and listing on the Hong Kong Stock Exchange. The joint sponsors were Goldman Sachs and CICC. Giant Biogene is a leading professional skin treatment products and functional foods manufacturer in China.


Represented Zhejiang Leapmotor Technology Co., Ltd. in its USD 800 million initial public offering and listing on the Hong Kong Stock Exchange. The joint sponsors were J.P. Morgan, CICC, Citi and CCBI. Leapmotor Technology is a leading smart electric vehicle manufacturer in China.


Represented Dingdang Health Technology Group Ltd. in its USD 51 million initial public offering and listing on the Hong Kong Stock Exchange. The joint sponsors were CICC and CMBI. Dingdang Health Technology offers on-demand healthcare products and services, such as drug express, online medical consultation and chronic disease and healthcare management.


Represented Linmon Media Limited in its USD 54 million initial public offering and listing on the Hong Kong Stock Exchange. The joint sponsors were Morgan Stanley and CICC. Linmon Media is a leading drama series production and distribution company in China.


Represented the joint sponsors Morgan Stanley, CICC and CMBI and joint global coordinators including BNP Paribas and Credit Suisse in Tianqi Lithium Corporation's USD 2 billion initial public offering and listing on the Hong Kong Stock Exchange. Tianqi Lithium is a leading lithium producer in China and globally.


Represented Huitongda Network Co., Ltd., a fast-growing commerce and service platform dedicated to serving business customers in China's retail market, in its USD 284 million initial public offering and listing on the Hong Kong Stock Exchange. The joint sponsors were CICC, Citi and China Renaissance.


Represented Qingdao AInnovation Technology Group Co. Ltd., a leading provider of AI solutions for manufacturing, financial services and other industries, in its USD 151 million initial public offering and listing on the Hong Kong Stock Exchange. The joint sponsors were UBS, CICC and China Renaissance.


Represented Huaxin Cement Co., Ltd. in its B to H share listing by way of introduction on the mainboard of the Hong Kong Stock Exchange. Prior to the transaction, Huaxin Cement was a company with its A-shares and B-shares listed on the Shanghai Stock Exchange. Upon completion of the transaction, the B-shares of the company were delisted and subsequently listed in Hong Kong as H-shares by way of introduction, becoming a dual-listed company. This is the first Shanghai listed company to convert its B-shares into H-shares.


Represented the joint sponsors Goldman Sachs and CICC in MicroTech Medical (Hangzhou) Co., Ltd.'s USD 249 million initial public offering and listing on the Hong Kong Stock Exchange under Chapter 18A of the Listing Rules. The Hangzhou-based MicroTech Medical offers diabetes therapy and manufactures medical devices to improve diabetes management globally.


Represented China Youzan in the proposed take private of China Youzan Limited by BetaCafe Holdings Limited by way of a scheme of arrangement for cash consideration and its proposed delisting from the GEM of the Hong Kong Stock Exchange. Concurrently, shareholders of China Youzan would also receive approximately 52% of the shares of Youzan Technology Inc., a major subsidiary of China Youzan, held by China Youzan by way of a distribution in specie, while Youzan Technology applied for the listing of all its shares on the Main Board of the Hong Kong Stock Exchange.


Represented sole sponsor Guotai Junan International in Hebei Titans Medical Supply Technology Group Co., Ltd.'s proposed initial public offering and listing on the Hong Kong Stock Exchange. Hebei Titans Medical is a leading medical or nonmedical glove producer in China.


Represented joint sponsors BOCI and Haitong International in Donson Marketing Technology Limited's proposed initial public offering and listing on the Hong Kong Stock Exchange. Shenzhen-based Donson Marketing Technology is a leading marketing SaaS company.


Represented Shanghai and Frankfurt listed Haier Smart Home Co., Ltd. (stock codes: SH 600690, 690D) in the proposed privatization of its Hong Kong listed subsidiary Haier Electronics Group Co., Ltd. (stock code: 1169). The privatization will be effected by a scheme of arrangement under which new H-shares of Haier Smart Home will be offered in exchange for the shares held by the shareholders of Haier Electronics Group. In conjunction with the proposed privatization, an application has been made to list the enlarged Haier Smart Home on the Hong Kong Stock Exchange. Upon the completion of the proposed privatization and listing, Haier Smart Home has been listed on three major stock exchanges in Shanghai, Frankfurt and Hong Kong. The joint sponsors were CICC and J.P. Morgan.


Represented the joint sponsors Morgan Stanley, Bank of America Securities, CLSA and joint global coordinators CICC and Credit Suisse in biopharmaceutical company Harbour BioMed's USD 220 million IPO and listing on the Hong Kong Stock Exchange under Chapter 18A of the Listing Rules. Shanghai-based Harbour BioMed engages in the discovery and development of novel antibody therapies in immunology and oncology.


Represented the joint sponsors and joint global coordinators including CICC, Morgan Stanley and Citi in Chinese bottled water and beverage company Nongfu Spring's USD 1.1 billion initial public offering and listing on the Hong Kong Stock Exchange.


Represented sole sponsor BOCI in Shanxi Jingxiu Daxiang Agro-Livestock Co., Ltd.'s proposed initial public offering and listing on the Hong Kong Stock Exchange. Shanxi Jingxiu Daxiang is a leading poultry and hog company in China.


Represented the joint sponsors and joint global coordinators including Morgan Stanley, Citi, UBS, Goldman Sachs and China Merchant Securities in Hansoh Pharmaceutical Group Company Limited's USD 1 billion initial public offering and listing on the Hong Kong Stock Exchange. Hansoh Pharmaceutical is a leading innovation-driven pharmaceutical company in China.


Represented the joint sponsors and joint global coordinators including Bank of America Securities and Citi in Ascentage Pharma Group International's USD 53.5 million initial public offering and listing on the Hong Kong Stock Exchange under Chapter 18A of the Listing Rules. Suzhou- headquartered Ascentage Pharma is a globally focused, clinicalstage biotechnology company engaged in developing novel therapies for cancers, hepatitis B virus and age-related diseases.


Represented the joint sponsors and joint global coordinators ABCI and Huatai International in Sinic Holdings (Group) Company Limited's USD 253 million initial public offering and listing on the Hong Kong Stock Exchange. Sinic Holdings is a large-scale and comprehensive property developer in China.


Represented Weimob Inc. in its initial public offering and listing on the Hong Kong Stock Exchange. Weimob Inc. is the leading provider of cloud-based commerce and marketing solutions and targeted marketing services on Tencent's social networking service platforms for small to medium businesses in China. The joint sponsors were Haitong International and Deutsche Bank.


Represented the joint sponsors and joint global coordinators including Guotai Junan International and ABCI in China Tianbao Group Development Company Limited's initial public offering and listing on the Hong Kong Stock Exchange.


Represented Kilcoy Global Foods Limited's proposed initial public offering and listing on the Hong Kong Stock Exchange. Kilcoy Global Foods is a global premium protein products manufacturer with operations in Australia, the US and China. The joint sponsors were Citi and CMBI.


Represented iDreamSky Technology Holdings Limited in its USD 107 million initial public offering and listing on the Hong Kong Stock Exchange. Shenzhen-based iDreamSky is a leading publisher of mobile games such as Gardenscapes, Temple Run 2 and Subway Surfer, and a key player in the digital entertainment industry in China. The joint sponsors were Credit Suisse, CICC and China Merchants Securities.


Represented China Isotope & Radiation Corporation in its USD 207 million initial public offering and listing on the Hong Kong Stock Exchange. CIRC is the leading manufacturer of diagnostic and therapeutic radiopharmaceuticals and radioactive source products in China. The sole sponsor was CICC and joint global coordinators were CICC and CLSA.


Represented the joint sponsors and joint global coordinators including CCBI, Haitong International and BOCOM International in Shandong International Trust on its USD 380 million initial public offering and listing on the Hong Kong Stock Exchange. Shangdong International Trust is the first trust company from China to launch an IPO in Hong Kong.


Represented the joint sponsors and joint global coordinators including Morgan Stanley, J.P. Morgan and DBS in COFCO Meat's USD 250 million initial public offering and listing on the Hong Kong Stock Exchange. COFCO Meat is a leading pork and processed meat products manufacturer in China.


Represented the sole sponsor and joint global coordinators including CLSA, Deutsche Bank and China Merchants Securities in China Datang Environment Industry Group's USD 250 million initial public offering and listing on the Hong Kong Stock Exchange.


Represented Southern Energy Holdings Group Limited, an anthracite coal producer based in Guizhou Province, China, in connection with its listing on the Hong Kong Stock Exchange. The sole sponsor and sole global coordinator was Haitong International.


Represented Essence International as sole sponsor and sole global coordinator in connection with the initial public offering of China Greenfresh Group Co., Ltd., a leading edible fungus and canned food supplier in China and its listing on the Hong Kong Stock Exchange.


Represented AD Capital (a Japanese private equity fund) and Spring Asset Management Limited (as REIT manager) in connection with the initial public offering of Spring Real Estate Investment Trust and listing on the Hong Kong Stock Exchange. The listing agent and sole global coordinator was Credit Suisse.


Represented Top Spring International Holdings Limited, a leading real estate developer in China, in connection with its initial public offering and listing on the Hong Kong Stock Exchange. The sole sponsor and sole global coordinator was Macquarie.


Represented Springland International Holdings Limited, a leading retail chain operator in China, in connection with its initial public offering and listing on the Hong Kong Stock Exchange. The sole sponsor and sole global coordinator was Morgan Stanley.


Represented Trauson Holdings Company Limited, a leading orthopedic devices manufacturer in China, in connection with its initial public offering and listing on the Hong Kong Stock Exchange. The sole sponsor and sole global coordinator was UBS.



Capital Markets — Equity (US)


Represented Axiom Capital, as lead underwriter, in connection with the initial public offering of WoWo Limited, a leading life services e-commerce service provider in China, and its listing on the NASDAQ.


Represented Tudou Holdings Limited, a leading online video company in China, in connection with its initial public offering and listing on the NASDAQ. Lead underwriters included Credit Suisse and Deutsche Bank.


Represented Taomee Holdings Limited, a leading children's entertainment and media company in China, in connection with its initial public offering and listing on the New York Stock Exchange. Lead underwriters included Credit Suisse and Deutsche Bank.


Represented Linkage Technologies International Holdings Limited, a leading telecom software solution provider in China, in connection with its proposed initial public offering and listing on the NASDAQ, as well as its merger transaction with Asiainfo Holdings Inc. Lead underwriters and financial advisors included Citi and Barclay.


Represented Sky-mobi Limited, a leading mobile software solution and application provider in China, in connection with its initial public offering and listing on the NASDAQ. Lead underwriters included Citi and Piper Jaffray.


Represented Mecox Lane Limited, a leading online platform for apparel and accessories in China, in connection with its initial public offering and listing on the NASDAQ. Lead underwriters included Credit Suisse and UBS.


Represented Morgan Stanley, Credit Suisse and Bank of America Merrill Lynch, as lead underwriters, in connection with the initial public offering of China Mingyang Wind Power Group Limited, a leading wind turbine manufacturer in China, and its listing on the New York Stock Exchange.


Represented Funtalk China Holdings Limited, a leading retailer and wholesale distributor of mobile communications devices and accessories in China, in connection with its De-SPAC transaction and follow-on offerings on the NASDAQ. The lead underwriters included Bank of America Merrill Lynch and Jefferies.


Represented Focus Media Holding Limited, a leading NASDAQ-listed interactive digital media company in China, in connection with its follow-on offering. The lead underwriters included Goldman Sachs.



Capital Markets — Debt Capital Markets


Represented Beijing State-owned Assets Management Co., Ltd., a large state-owned investment company wholly owned by Beijing SASAC, in connection with its USD 1 billion dual tranche Regulation S notes offering managed by Citi and UBS and listing on the Hong Kong Stock Exchange.


Represented Rolta Americas LLC, a global IT solutions company with headquarter in India, in connection with its USD 300 million Regulation S/Rule144A senior notes offering managed by Barclays Capital and Citigroup and listing on the Singapore Stock Exchange.


Represented Rolta, LLC, a global IT solutions company with headquarter in India, in connection with its USD 200 million Regulation S/Rule144A senior notes offering managed by Barclays Capital, Citigroup, DBS and Deutsche Bank and listing on the Singapore Stock Exchange.


Represented Linc Energy Limited, an Australia-based energy company with substantial assets in North America, Australia, Europe and Africa, in connection with its USD 125 million Regulation S/Rule144A first lien senior secured notes offering managed by Imperial Capital.


Represented Hopson Development Holdings Limited, a HK-listed leading real estate property developer in China, in connection with its USD 300 million Regulation S senior notes offering managed by UBS and listing on the Singapore Stock Exchange.


Represented Zhong An Real Estate Limited, a HK-listed leading real estate property developer in China, in connection with its proposed USD 300 million Regulation S senior notes offering and listing on the Singapore Stock Exchange




 
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