Ryan Choi

IPOs

• ZX Inc. (HKSE: 9890), a leading online game products publisher in China, on its global offering and listing on the Hong Kong Exchanges and Clearing Limited on September 28, 2023
• ADICON Holdings Limited (“ADICON”) (HKSE: 9860) on its initial public offering and listing on the Hong Kong Stock Exchange on June 30, 2023. ADICON owns and operates more than 30 diagnostic laboratories in China that offer health care testing services
• Citi and CICC as the joint sponsors on the global offering and secondary listing in Hong Kong under Chapter 19C of the Hong Kong Listing Rules of 360 DigiTech, Inc. (HKSE: 3660; NASDAQ: QFIN), a leading credit-tech platform in China
• Noah Holdings Limited (HKSE: 06686; NYSE: NOAH), a leading and pioneer wealth management service provider in China, on its secondary listing in Hong Kong under Chapter 19C of the Hong Kong Listing Rules, including a global offering
• Jiangsu Recbio Technology Co., Ltd. (HKSE: 2179), a vaccine company dedicated to the research, development and commercialization of subunit vaccines, on its initial public offering of H-shares in Hong Kong
• Beijing Airdoc Technology Co., Ltd. (HKSE: 2251), a global leader and pioneer in providing AI-empowered retina-based early detection, auxiliary diagnosis and health risk assessment solutions, on its initial public offering in Hong Kong
• JP Morgan, CMBl and Huatai as the joint sponsors on the initial public offering in Hong Kong of Nayuki Holdings Limited (HKSE: 2150), a leading premium modern teahouse brand in China
• Goldman Sachs and BofA as the joint sponsors on the initial public offering in Hong Kong of Everest Medicines Limited (HKSE: 1952), a biopharmaceutical company integrating licensing, clinical development and commercialization of therapies
• CMGE Technology Group Limited (HKSE: 0302), a leading IP-based game operator and publisher in China, on its initial public offering in Hong Kong
• Chengdu Expressway Co., Ltd. (HKSE: 1785), which engages in the operation, management and development of expressways located in and around Chengdu, Sichuan province, in its initial public offering in Hong Kong
• JP Morgan, CLSA and Citi as the joint sponsors on the initial public offering in Hong Kong of Fosun Tourism Group (HKSE: 1992), a leading leisure-focused integrated tourism group owns or has strategic partnerships with a portfolio of world-renowned brands, including Club Med, Atlantis and Thomas Cook
• CICC, Citi and Deutsche Bank as the joint sponsors on the initial public offering in Hong Kong of Inke Limited (HKSE: 3700), the largest mobile live streaming platform in China in terms of average monthly active streamers in 2017
• Shanshan Brand Management Co., Ltd. (HKSE:1749), which engages in design, marketing and sale of formal and casual business menswear in China, in its listing in Hong Kong
• CCBI, Guotai Junan and Haitong as the joint sponsors on the initial public offering in Hong Kong of Zhenro Properties Group Limited (HKSE: 6158), a property developer in China
• Ronshine China Holdings Limited (HKSE: 3301), a major property developer in China, in its initial public offering in Hong Kong
• SFK Construction Holdings Limited (HKSE: 1447), a building contractor in Hong Kong, in its initial public offering in Hong Kong
• Nameson Holdings Limited (HKSE:1982), a knitwear manufacturer in China, in its initial public offering in Hong Kong
• China Success Finance Group Holdings Limited (HKSE: 3623), which provides financial services in China, in its initial public offering in Hong Kong
• Sinosoft Technology Group Limited (HKSE: 1297), a leading provider of application software products and solutions in China, in its initial public offering in Hong Kong
• Various companies listed on the GEM Board of Hong Kong Stock Exchange, including Wine’s Link International Holdings Limited (HKSE: 8509), Dining Concepts Holdings Limited (HKSE: 8056) and Madison Wine Holdings Limited (HKSE: 8057), in their initial public offerings in Hong Kong

Bond Issuances

• Wynn Macau, Limited (1128.HK) in multiple bond issuances including:
  • US$750 million of senior notes due 2026 with an interest rate of 5.500%
  • US$750 million of senior notes due 2028 with an interest rate of 5.625%
  • Senior notes in an aggregate amount of US$850 million, comprising the new issuance of US$600 million 5.625% senior notes due 2028 and the tap-on issuance of US$250 million 5.500% senior notes due 2026
  • US$1 billion of senior notes due 2029 with an interest rate of 5.125%
  • US$600 million of convertible bonds due 2029 with an interest rate of 4.5%

Other Corporate Matters

• ZG Group, a leading iron & steel e-commerce platform in China, on its business combination with Aquila Acquisition Corporation, a special purpose acquisition company. The negotiated value of ZG Group in this transaction is HK$10,004,000,000, and the committed PIPE investment as of the signing date is approximately HK$605 million. This is the first de-SPAC transaction in Hong Kong since the introduction of the SPAC listing regime in Hong Kong on 1 January 2022
• NetDragon Websoft Holdings Limited (HKSE: 777), a global leader in building internet communities, on the spin-off of its core overseas education business through its subsidiary, and the merger of its subsidiary with Gravitas Education Holdings, Inc. (NYSE: GEHI). This transaction was named “Deals of the Year 2023” by China Business Law Journal
• Oaktree Capital Management on its cornerstone investment in the listing of China Tourism Group Duty Free Corporation (HKSE: 1880) on the Hong Kong Stock Exchange
• CMGE Technology Group (HKSE: 302) in its US$100 million issue of new shares to Bilibili Inc. (NASDAQ: BILI) and two other subscribers
• WM Cayman Holdings Limited II, an indirect subsidiary of Wynn Macau, Limited (HKSE: 1128), a leading developer, owner and operator of integrated destination resorts in Macau, on its entry into a facility agreement with a syndicate of lenders, in an aggregate amount of $1.5 billion to WM Cayman II

Sidley Austin

Loeb & Loeb LLP