He regularly works on matters relating to Hong Kong and China.
Jason is experienced in the listing process for enterprises in China, including simultaneous listings of A-shares and H-shares. He has solid experience in listing both state-owned and privately-owned enterprises. He is also experienced in Takeovers Code work.
Jason's experience includes:
Equity capital markets
- China International Capital Corporation Limited (CICC), Goldman Sachs, Morgan Stanley, Deutsche Bank, J.P. Morgan, Macquarie and ABCI Securities as joint sponsors, joint bookrunners and joint lead managers on the Hong Kong aspects of the US$22.1 billion listing of A-shares and H-shares of Agricultural Bank of China (ABC)
- International Commercial Bank in China (ICBC) on its restructuring, initial public offering (IPO) and simultaneous A-share and H-share listings. At the time, this was the biggest IPO in the world, and ICBC was the first company to list simultaneously on the Hong Kong and Shanghai stock exchanges. More than US$21 billion of funds were raised in the offerings. CICC, Merrill Lynch, Credit Suisse, Deutsche Bank and ICEA were the joint bookrunners
- CICC and Macquarie Capital Securities as joint bookrunners on the US$533 million Hong Kong IPO and Rule 144A/Regulation S global offering, and on the A-share then H-share listings of China South Locomotive & Rolling Stock Corporation, the largest rolling stock maker in China
- Credit Suisse as the sole global coordinator and sponsor on the US$445 million Hong Kong IPO and Rule 144A/Regulation S global offering of PCD Stores, a luxury department store chain
- UBS and J.P. Morgan as joint bookrunners and joint lead managers on the US$285 million Hong Kong IPO and Rule 144A/Regulation S global offering of Xtep International, a leading domestic fashion sportswear enterprise in the PRC
- Goldman Sachs, HSBC, UBS and J.P. Morgan as joint bookrunners and joint lead managers on the US$343 million Hong Kong index price offer and Rule 144A/Regulation S global offering of Maoye International, a leading department store chain in China
Mergers and acquisitions
- Shunfeng Photovoltaic International on its RMB3 billion acquisition of a 100% interest in Wuxi Suntech Power from its administrator
- Morgan Stanley, J.P. Morgan and CICC on the US$5.3 billion privatisation by Guangzhou Automobile Group of Denway Motors by way of scheme of arrangement under the Companies Ordinance. The transaction involved an exchange of Guangzhou Automobile Group’s new shares and the primary listing by way of introduction of Guangzhou Automobile Group on the Hong Kong Stock Exchange. This was the first transaction in Hong Kong that involved a simultaneous privatisation and listing of the offeror
- ICBC (Asia) in connection with its HK$10.8 billion privatisation by ICBC by way of scheme of arrangement
- Shaw Brothers (Hong Kong) on its privatisation by way of scheme of arrangement by Shaw Brothers
- Goldman Sachs as financial adviser to the controlling shareholder, Hutchison Whampoa, on the US$545 million privatisation of Hutchison Telecommunications International, a global telecommunication company which was listed on the main board of the Hong Kong Stock Exchange and quoted on the New York Stock Exchange (through American depositary shares), by way of scheme of arrangement