Benita Yu

• T  +852 2901 7207 (Direct line)
• E  benita.yu@slaughterandmay.com

• Hong Kong 
• 47th Floor, Jardine House, One Connaught Place, Central, Hong Kong

Benita has substantial experience in securities transactions, including cross-border listings and share offerings by overseas corporations and PRC state-owned enterprises, corporate finance transactions, mergers and acquisitions and joint ventures. She also advises on banking and international debt securities transactions.

Benita read law at Oxford University and worked with another major city law firm in London for six years before joining Slaughter and May. She is qualified in Hong Kong and English law, and speaks fluent English, Mandarin and Cantonese.

Benita is a member of the Takeovers and Mergers Panel and the Takeovers Appeal Committee in Hong Kong.

Highlights of her work include advising:

• the sole global coordinator and the joint sponsors, joint bookrunners and joint lead managers on the US$3.1 billion global offering and listing on the Hong Kong Stock Exchange of China Pacific Insurance
• Metallurgical Corporation of China Ltd. (MCC) in relation to its US$5.2 billion global offering of H shares and A shares and listing on the Stock Exchange of Hong Kong and the Shanghai Stock Exchange
• the underwriters on the Hong Kong IPO of Alibaba.com (raising US$1.5 billion), Bank of Communications Company Limited (raising US$1.8 billion), Fosun International (raising US$1.7 billion), the dual/triple listings and global offerings of Sinopec, China Unicom and Aluminum Corporation of China (Chalco) (raising between US$450 million and US$5.6 billion)
• Alibaba.com in relation to its acquisition of a majority interest in China Civilink (US$79 million)
• the placing agents in relation to the placing of existing H shares in Bank of China Limited held indirectly by the Royal Bank of Scotland Group plc (US$2.4 billion)
• the placing agent in relation to the placing of shares in CITIC Pacific Limited held indirectly by its former chairman and director (US$95.1 million)
• China International Capital Corporation as financial adviser in relation to the restructuring of the PRC telecommunications industry
• Dongfeng Motor Group Company (one of the leading automobile manufacturers in the PRC in terms of sales revenue), China National Building Material Company (one of the largest gypsum board producers in the PRC) and Semiconductor Manufacturing International Corporation (SMIC) (one of the leading semiconductor foundries in the world and the leading foundry in the PRC) on their IPOs and Hong Kong listings raising approximately US$510 million, US$265 million and US$1.9 billion respectively, and post-listing compliance and corporate matters
• Semiconductor Manufacturing International Corporation in relation to the strategic investment in its shares by Datang Telecom Technology & Industry Holdings Company Limited
• China Resources Logic Limited in relation to its acquisition of China Resources Gas Limited from its parent, China Resources (Holdings) Company Limited (approximately US$488 million)
• United Energy Group Limited in relation to its acquisition of a substantial interest in Transmeridian Exploration Incorporated (US$212 million)
• China Power International Development Limited in relation to its acquisition of stakes in Wu Ling Power (US$650 million) and in Shanghai Electric Power Company Limited (US$211 million)
• China Environment Fund III., L.P. in relation to its subscription for shares in Neo-Neon Holdings Limited (up to US$30 million)
• China CITIC Group on the strategic investments by Banco Bilbao Vizcaya Argentaria in China CITIC Bank and China International Financial Holdings (US$1.2 billion)
• Profit Eagle Limited on its voluntary takeover, and the delisting, of Superdata Software Holdings Limited from the Hong Kong Stock Exchange
• A consortium of strategic investors in relation to their pre-IPO investment exceeding US$3.5 billion in one of the largest PRC state-owned national commercial banks
• in relation to placings for Agile Property Holdings (US$407 million), Shanghai Forte Land (US$88 million) and Century Sunshine Ecological Technology Holdings (US$71 million) and simultaneous convertible bond issues and placings by China Infrastructure Machinery Holdings (US$201 million) and Zhongyu Gas Holdings (US$82 million)
• China National Building Material Company in relation to its secondary placings of shares (US$642 million)
• in relation to the US$2.7 billion secondary offering of shares by PetroChina, one of the largest oil and gas producers in the PRC
• China Resources Enterprise in relation to its HK$3 billion syndicated revolving credit/term loan facility and other loan and financing transactions