Jason Sung

Partner, Herbert Smith Freehills

Jason has acted on a broad range of corporate and commercial matters, including equity capital markets, PRC, Hong Kong and multinational M&A and general advisory.

Jason is also well experienced in listings of PRC enterprises, including simultaneous listings of A + H shares and A then H listings.

He is fluent in English, Cantonese and Mandarin.

Credentials

  • Sun Art Retail Group Limited on the US$2.87 billion acquisition of 26.02% interest in Sun Art by Taobao China Holding Limited, the mandatory unconditional cash offer by China International Capital Corporation Hong Kong Securities Limited on behalf of Taobao China Holding Limited to acquire all of the issued shares in Sun Art, and the future business cooperation agreement between Sun Art and Alibaba
  • CLSA Capital Markets Limited as the financial adviser to Shenzhen Investment International Capital Holdings Infrastructure Co., Ltd, on the HK$14.79 billion possible unconditional mandatory cash offer to acquire all the issued shares of Hopewell Highway Infrastructure Limited
  • Ningbo Zhoushan Port Group Co., Ltd. in its RMB242.3 million acquisition from a leading HK container terminal company, upon completion of which Ningbo Zhoushan Port will become indirect shareholders of two PRC deep-water container terminal companies
  • KEE in relation to its HK$100 million investment in Fullgoal Strategic Growth Fund Segregated Portfolio (Segregated Portfolio), a segregated portfolio created by Fullgoal China Access RQFII Fund SPC.
  • I Squared Capital on its US$1.86 billion acquisition of Hutchison Telecommunications’ fixed line business, Hutchison Global Communications (HGC)
  • CICC as the financial adviser to the joint offerors in pre-conditional proposal for the privatisation of Xinfa Aluminium Holdings Limited (00098:HK) by way of a scheme of arrangement.
  • A Chinese corporate on the proposed acquisition of Hong Kong life and its related bancassurance agreement
  • A Chinese financial holding company on its proposed acquisition of Dah Sing Life and Macau Life Insurance Company and its related bancassurance agreement
  • China International Capital Corporation Hong Kong Securities Limited as financial adviser to China Shipping Container Lines Company Limited, a company listed on the main board of The Stock Exchange of Hong Kong Limited, in relation to a series of transactions in connection with the restructuring of the China Shipping Group and the COSCO Group, which constitute a very substantial acquisition and continuing connected transactions from the perspective of China Shipping Container Lines Company Limited. The total consideration for the acquisition of various assets by China Shipping Container Lines Company Limited was RMB2.7 billion
  • CMI Capital on its HK$553 million sale of China Minsheng Financial Holding Corporation Ltd
  • Maoye International Holdings Limited on the proposed non-public placing of shares to be conducted by its subsidiary, Maoye Commercial Co., Ltd. (a Shanghai-listed company). The placing will result in Maoye International’s equity interest in Maoye Commercial being diluted, constituting a deemed disposal and major transaction for Maoye International
  • ICBC, Citigroup and JP Morgan on the offering of US$300 million 4.125% senior notes due 2022 by China Taiping Securities, a subsidiary of China Taiping Insurance.
  • CMI Financial Holding Company Limited in its HK$4 billion acquisition of 70% of China Seven Star Holdings Limited by way of new share subscription and white wash waiver. CMI Financial Holding Company is a wholly-owned subsidiary of China Minsheng Investment Corporation, one of the largest privately-owned investment company in China.  China Seven Star Holdings will be renamed as “China Minsheng Financial Holding Corporation Limited” and will become an integrated financial services provider
  • CMI Financial Holding on the subscription of 690,000,000 shares in Link Holdings Limited and its HK$25 million acquisition of convertible bonds from Link Holdings Limited
  • Shunfeng Photovoltaic International on the acquisition of the solar inverter business and building integrated PV business of Sunways AG, a European photovoltaic specialist based in Germany
  • Shunfeng Photovoltaic International on its RMB3 billion acquisition of a 100% interest in Wuxi Suntech Power from its administrator
  • Faithsmart (a special purpose vehicle wholly owned by Mr. Cheng Kin Ming) on the acquisition of 29.65% shares in Shunfeng Photovoltaic International, a company listed on the Main Board of the Hong Kong Stock Exchange
  • CNOOC on Hong Kong listing rules compliance aspects in relation to its HK$16.4 billion (US$2.1 billion) acquisition of Opti Canada, a Calgary-based oil sands producer whose shares are listed on the Toronto Stock Exchange
  • Shaw Holdings on its disposal of Shaw Brothers (Hong Kong) and its shareholding interests in Television Broadcast, the leading free-to-air broadcaster in Hong Kong, to a consortium including Dr. Charles Chan Kwok Keung, Madam Cher Wang (co-founder of HTC Corp and Via Technologies) and Providence Equity Partners
  • Guangzhou Automobile Group of Denway Motors on its HK$41 billion (US$5.3 billion) privatization by way of scheme of arrangement under the Companies Ordinance. The overall 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.  It was the first transaction in Hong Kong which involved a simultaneous privatisation and listing of the offeror. Morgan Stanley, JP Morgan and CICC were the financial advisors of this transaction
  • ICBC in connection with its HK$10.8 billion privatisation of ICBC (Asia) by way of scheme of arrangement
  • Shaw Brothers in relation to its privatization of Shaw Brothers (Hong Kong) by way of scheme of arrangement
  • Goldman Sachs as financial adviser, to the controlling shareholder, Hutchison Whampoa on the HK$4.251 billion (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 Depository Shares), by way of scheme of arrangement
  • CNOOC on its sales and purchase agreements to acquire a one third interest from Tullow Oil in exploration areas 1, 2 and 3A in Uganda, for an estimated value of US$1.467 billion
  • China Petroleum & Chemical Corporation and its wholly owned subsidiary Sinopec Yangzi Petrochemical on the RMB3.659 billion (US$504 million) acquisition of oil refinery assets from Sinopec Group Company
  • China Petroleum & Chemical Corporation on its acquisition of petrochemical assets, catalyst assets and gas stations with a total asset value of RMB17.2 billion (US$2.1 billion)
  • China Petroleum & Chemical Corporation on its sale of downhole operation assets with a total asset value of RMB1.748 billion (US$211 million)
  • Television Broadcasts, a listed company, on its sale of 51% interest in Galaxy Satellite TV in consideration of HK$350 million (US$45.20 million)
  • ICBC on its acquisition of Fortis Bank Asia HK
  • Jefferson Smurfit Group in connection with the disposition of its 25% shareholding in Leefung Asco Printing
  • PricewaterhouseCoopers on its merger with Arthur Anderson in Hong Kong

Accolades

  • Leading individual for Capital Markets: Equity, China/Hong Kong
    Chambers Asia Pacific 2012-2015
  • Leading individual for M&A, Hong Kong
    IFLR 1000 2013-2015

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