Jessica Lam

Capital Markets

CICC, Goldman Sachs and Morgan Stanley as the joint sponsors, overall coordinators, joint global coordinators, joint bookrunners and joint lead managers and other underwriters on the US$1.3 billion global offering and listing of H-shares of Foshan Haitian Flavouring and Food Company Ltd., one of the leading condiment companies based in China, on the Main Board of the Hong Kong Stock Exchange. This is one of the largest A+H IPOs in 2025 and the first A+H dual-listed company in the condiments industry.
CICC as the sole sponsor, the sole overall coordinator, CICC, China Galaxy International Securities, Huatai Financial Holdings, Guotai Junan Securities and CCB International as the joint global coordinators, the joint bookrunners and the joint lead managers, and other underwriters, on the US$300 million global offering and listing of H-shares of Mao Geping Cosmetics, a leading Chinese premium beauty group, on the Main Board of the Hong Kong Stock Exchange.
UBS Securities, BOCI Asia, CITIC Securities and Merrill Lynch (Asia Pacific) as the joint sponsors and other underwriters, on the US$650 million global offering and listing of China Resources Beverage, a leading soft beverage company based in China under CR Group, on the Main Board of the Hong Kong Stock Exchange. This is one of the largest IPOs in Hong Kong in 2024.
Smithfield Foods (Nasdaq: SFD) and its shareholder, WH Group, on Smithfield Foods’ $522 million IPO on the Nasdaq Global Select Market.
CITICS as the sole sponsor, CLSA as the sponsor-overall coordinator, CLSA and Merrill Lynch (Asia Pacific) as the overall coordinators, joint global coordinators, joint bookrunners and joint lead managers, and other underwriters on the US$611 million global offering and listing of Lens Technology Co., Ltd. on the Main Board of the Hong Kong Stock Exchange. The listing was completed within 100 days after the application submission.
Morgan Stanley as the sole sponsor and sole global coordinator, and CMB International, Fosun Hani Securities Limited, First Shanghai Securities Limited, Futu Securities International (Hong Kong) Limited, and Tiger Brokers (HK) Global Limited as underwriters on the HK$442 million global offering and H Shares listing of Pagoda, the largest fruit retail operator in China, on the Main Board of the Hong Kong Stock Exchange.
Onewo Inc, a leading property management service provider in China and a subsidiary of China Vanke, on its US$738 million global offering and spin-off listing its H Shares on the Main Board of the Hong Kong Stock Exchange. CLSA, Citigroup and Goldman Sachs acted as the joint sponsors.
CICC as the sole sponsor, overall coordinator, joint global coordinator, joint bookrunner and joint lead manager — and other underwriters on the HK$242 million (approximately US$31 million) global offering and listing of MetaLight Inc. on the Main Board of the Hong Kong Stock Exchange.
Morgan Stanley and CICC as the joint sponsors on the HK$238.9 million global offering and listing of Beisen, the largest provider of cloud-based human capital management (HCM) solutions in China in terms of revenues in 2021, on the Main Board of the Hong Kong Stock Exchange.
Morgan Stanley, CICC and Credit Suisse as the joint sponsors on the US$281 million global offering and initial public offering of SciClone Pharmaceuticals, a leading biopharmaceutical company based in China , on the Main Board of the Hong Kong Stock Exchange.
Weihai City Commercial Bank Co., Ltd., one of the largest city commercial bank in Shandong Province in China, on its US$365 million global offering and listing of its H Shares on the Main Board of the Hong Kong Stock Exchange. Huatai Financial Holdings, CICC and CMB International acted as the joint sponsors for the listing.

M&A and Takeovers

COSCO SHIPPING Holdings, in a voluntary general cash offer for all of the issued shares of Orient Overseas (International), made by the wholly-owned subsidiaries of COSCO SHIPPING Holdings and Shanghai International Port (Group) for a total value of up to US$6.3 billion pursuant to the Hong Kong Takeovers Code. This complex transaction constitutes a very substantial acquisition of COSCO SHIPPING Holdings under the Hong Kong Listing Rules and involved global legal issues relating to M&A, anti-trust and competition, and CFIUS. The combination will create one of the largest global container liners in the world.
WH Group, the world’s largest pork company, on its conditional voluntary cash offer to buy-back for cancellation 13% of its total issued share capital for approximately US$1.92 billion. The deal marks one of the largest share buy-back transactions in Hong Kong capital markets in history.
I.T Limited, a Hong Kong-based fashion retailer, on the US$167 million privatization by Brooklyn Investment by way of a scheme of arrangement and the withdrawal of listing of its shares on the Hong Kong Stock Exchange.
Huifu Payment Limited, a leading independent third-party payment service provider in the PRC, in its US$160 million privatization by Purity Investment Limited by way of a scheme of arrangement, and its withdrawal of listing from the Hong Kong Stock Exchange.
CIMC-Tianda Holdings Company Limited (formerly known as China Fire Safety Enterprise Group Limited) in its acquisition of Pteris Global for approximately US$700 million. CIMC-Tianda will issue new shares and convertible bonds as consideration. This transaction involved a very substantial acquisition and connected transaction under the Hong Kong Listing Rules, as well as a whitewash waiver application under the Hong Kong Takeovers Code.
Sino-Ocean Group on the US$800 million sale of its interest in Sino-Ocean Taikoo Li Chengdu, a retail-led mixed-use development consisting of an open-plan, lane-driven mall and a boutique hotel with serviced apartments in southwestern China jointly launched by Sino-Ocean Group and Swire Properties, to Swire Properties.

Hong Kong Rising Stars
Asian Legal Business, 2026

Capital Markets

Jessica LamJessicaLam

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Asian Legal Business, 2026

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