Lisa has substantial experience in corporate finance, mergers and acquisitions, listings, joint ventures and general commercial work as well as loan and project financing transactions. She has advised many Hong Kong listed companies, including Swire Pacific, Swire Properties, COSCO SHIPPING Ports, Hong Kong Aircraft Engineering Company Limited (HAECO), Cathay Pacific, China Reinsurance (Group) Corporation, SmarTone, MTR Corporation, Wing Tai Properties and China Life Insurance. She was the Chief Representative of the Beijing office from 2011 to 2015.
Highlights include advising:
- COSCO SHIPPING Ports on:
- its acquisition of a majority stake in Noatum Port Holdings, which operates Noatum Container Terminal Valencia, Noatum Container Terminal Bilbao and two facilitative rail terminals (Conterail Madrid and Noatum Rail Terminal Zaragoza) in Spain
- its acquisition of China Shipping Ports Development, which has a portfolio of container terminals in the PRC and other parts of the world. The transaction was part of the multi-billion dollar reorganisation of the businesses of the COSCO group and the businesses of the China Shipping group, being the leading companies in the PRC shipping industry
- its joint acquisition with China Merchants Holdings (International) and China Investment Corporation of approximately 65% of Kumport Terminal, which is the third largest container terminal in Turkey, a strategic location along the “Silk Road Economic Belt” and “the 21st Maritime Silk Road”. This transaction was ranked in the Highly Commended category under Corporate & Commercial (International) in the FT Asia-Pacific Innovative Lawyers 2016 Report
- Swire group on:
- the expansion of Swire Beverages’ franchise territories through the realignment of the Coca-Cola bottling system in China, including its master agreement with The Coca-Cola Company and China Foods for the realignment and its successful bid in a PRC state-owned asset auction for certain bottling territories of China Foods
- Swire Foods’ acquisition of Chongqing New Qinyuan Bakery, a leading bakery chain in southwest China with over 400 stores in Chongqing, Guiyang and Chengdu
- the spin-off and separate listing by way of introduction on the Hong Kong Stock Exchange of Swire Properties (and on the earlier proposed US$2.7 billion spin-off and separate listing of Swire Properties, which was halted due to adverse market conditions and, according to media reports, would have been the largest IPO in Hong Kong since 2007) and on the two subsequent sales of the entire direct shareholding of John Swire & Sons (H.K.) in Swire Properties for a gross consideration of approximately HK$9.92 billion. One of the two sales won Equity Market Deal of the Year (IFR Asia Awards, 2012)
- the restructuring of the interests of Swire Pacific and Cathay Pacific in Hong Kong Aircraft Engineering Company Limited (HAECO), including the referral by the Securities and Futures Commission of a difficult issue to the Takeovers Panel, the subsequent purchase by Swire Pacific of further shares in HAECO from Cathay Pacific and the subsequent mandatory unconditional cash offer of Swire Pacific for remaining shares in HAECO
- the annual update of, and a number of issues under, the respective MTN programmes of Swire Pacific, Swire Properties and Cathay Pacific
- Shangtex, a leading state-owned enterprise in Shanghai, on its pre-conditional voluntary general offer for Luen Thai Holdings Limited, a leading OEM garment manufacturer
- MBK Partners on the auction sale of its majority interest in GSEI Investment Corporation, a premier operator of waste-to-energy and water/waste water treatment projects. This was a landmark deal in the environmental protection services industry and the largest M&A transaction in China in the sector
- Liu Chong Hing Investment and its subsidiary, Chong Hing Bank, on the US$1.5 billion pre-conditional voluntary cash partial offer by Yue Xiu Enterprises (Holdings) Limited to purchase 75% of the shares in Chong Hing Bank. This was the first major takeover of a financial institution in Hong Kong by a non-financial institution acquirer and the first takeover by a state-owned enterprise in China of a non-Chinese bank. This deal was ranked as Stand-out and received the highest score in the Corporate & Commercial (Internationally Headquartered Firms) category in the FT Asia Pacific Innovative Lawyers 2014 Report published by The Financial Times
- China Reinsurance (Group) Corporation (China Re) on its US$2 billion IPO. The transaction was one of the largest IPOs in Hong Kong in 2015 and won the Equity Deal of the Year award at the IFLR Asia Awards 2016 and the ECM Deal of the Year award at the ALB Hong Kong Law Awards 2016. It was also ranked in the Commended category under Corporate & Commercial (International) in the FT Asia-Pacific Innovative Lawyers 2016 Report
- Zhong An Online P&C Insurance, China's first internet insurance company, in its first round of fundraising which raised RMB5.775 billion, valuing Zhong An at US$8 billion. Zhong An’s founders include Alibaba Group Holdings, Tencent Holdings and Ping An Insurance, Zhong An is the first internet insurer to obtain a licence to operate in China, which was issued by the China Insurance Regulatory Commission in September 2013. The transaction was one of the biggest fundraisings by a Chinese financial-technology company in 2015
- The Link Management Limited, as manager of The Link Real Estate Investment Trust (The Link REIT), on the acquisition by The Link REIT of EC Mall in Beijing, being The Link REIT’s first acquisition in Mainland China
- the 17 underwriters, including CICC, HSBC, Credit Suisse and Goldman Sachs, being the joint sponsors, on the US$3.5 billion IPO of The People’s Insurance Company (Group) China Limited. This IPO won the IFLR "Deal of the Year 2012" award
- the Hong Kong Monetary Authority on the establishment of the Hong Kong SAR Government’s Hong Kong dollar retail bond issuance programme and on the first three issues under the programme of HK$30 billion in aggregate principal amount of inflation-linked 'ibonds'. Up to HK$200 billion in principal amount may be outstanding in total at any time under the retail bond issuance programme and the related Hong Kong dollar institutional bond issuance programme.
Lisa is a member of the Company Law Committee of The Law Society of Hong Kong and a member of The Hong Kong Institute of Chartered Secretaries (HKICS) Takeovers and M&A Interest Group. She is the recipient of the Client Choice Awards 2017 for the M&A category in Hong Kong and is ranked as a Highly Regarded Lawyer in the IFLR1000 Asia-Pacific 2020 for Private Equity and Banking in Hong Kong, and is recommended in Chambers Asia-Pacific 2019 for Corporate/M&A: China-based (International Firms), China.
Lisa read law at Oxford University and is admitted as a solicitor in England and Wales and in Hong Kong. She provides legal services in both English and Chinese (Mandarin and Cantonese).
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