Capital Markets

Capital raising & regulatory compliance

Our capital markets team empowers clients to navigate complex transactions, mitigate risks and access capitals in both public and private markets. Integrated solutions for ECM, DCM and Structured Products.

A. Equity Capital Markets

IPOs & Listings: End-to-end guidance for HKEx listings, including prospectus drafting, regulatory compliance, and shareholder rights advisory.
Follow-on Offerings: Advise clients on rights issues, private placements, block trades, and ESG-linked equity offerings.
Capital Management: Advise clients on share buy-backs, capital reductions, capital consolidations, splits, dividend policies, and privatisation.

B. Debt Capital Markets

Bond Issuances: Advise both issuers and investors on investment-grade bonds, high-yield debt and convertible notes.
Regulatory Compliance: Advise clients on regulatory compliance, including the Listing Rules, Securities and Futures Ordinance, the Companies Ordinance.
Liability Management: Structure solutions for debt restructurings, covenant waivers, tender offers, and distressed debt scenarios.

C. Structured Products & Derivatives

Tailored Solutions: Design equity-linked notes, CLOs, CDOs, FX/commodity derivatives, and digital asset-backed securities.
Risk Management: Advise clients on ISDA agreements and collateral optimisation.

Work Highlights

CMOC

Advised CMOC Ltd. (3993.HK, 603993.SSE) on its acquisition of a 56% interests in a copper and cobalt mine at a consideration of US$2.65 billion, and niobium and phosphates business at a consideration of US$1.5 billion.

Shanghai Dongzheng AFC

Advised Shanghai Dongzheng Automotive Finance Ltd. (2718.HK) on its mandatory cash offers made by CICC on behalf of SAIC Motor Corporation Limited. The value of the offer was approximately HK$490 million.

Bond Swap Transaction

Advised a private equity fund in entering into a total return swap arrangement with a financial institution for the acquisition of corporate bonds in the sum of US$50 million.