Bonnie Ip

Assisted China Resources Land Limited in the placement of 49,500,000 existing shares of its listed subsidiary, China Resources Mixc Lifestyle Services Limited, raising total proceeds of HKD 2.061 billion.

Advised Ocean Link Investment Limited on its subscription of 310,407,322 new shares of Comba Telecom Systems Holdings Limited (Stock Code: 2342) at HKD 1.09 per share, for a total consideration of HKD 338,343,980.98. The subscription was completed on March 20, 2025.

Acted for BYD Company Limited in its placement of 129,800,000 new H shares under general mandate on the Hong Kong Stock Exchange, raising net proceeds of approximately HKD 43.383 billion. The placement was completed on March 11, 2025.

Represented China Resources Power Holdings Company Limited in (i) a placement of 198,500,000 new shares under general mandate; and (ii) a subscription of 168,114,000 new shares by a wholly-owned subsidiary of China Resources (Group) Co., Ltd. under specific mandate. The issuance raised net proceeds of approximately HKD 7.19679 billion.

Acted for CRCS (HK) Limited, a wholly-owned subsidiary of China Resources (Holdings) Co., Ltd., in acquiring 60% equity interest in SWCS International Holding Limited, a leading corporate services provider in Hong Kong, for HKD 276 million. Completed in January 2024.

Acted as counsel to Dah Chong Hong Holdings Limited’s wholly-owned subsidiary, DCH Food International Holdings Limited, in its acquisition of approximately 21% of Trigiant Group Limited (Stock Code: 2119) from its controlling shareholder, for HKD 133 million. Announced and completed in April 2023.

Advised BYD Company Limited (HKEX Code: 1211; SZSE Code: 002594) on the proposed spin-off and separate listing of BYD Semiconductor Co., Ltd. on the ChiNext Board of the Shenzhen Stock Exchange, from the perspective of Hong Kong Listing Rules.

Acted for Luxshare Precision Industry Co., Ltd. (SZSE Code: 002475), through its wholly-owned subsidiary, in acquiring control of Acclinks Technology Limited (Stock Code: 1729) and conducting a mandatory unconditional cash offer for all issued shares. The control acquisition was valued at HKD 1.1 billion, with the cash offer amounting to HKD 480 million. Announced in February 2022 and completed in April 2022.

Advised BYD Company Limited (HKEX Code: 1211; SZSE Code: 002594) on its HKD 29.8 billion and HKD 13.7 billion H-share placements in 2021. These transactions were among the largest equity placements in Hong Kong since 2014.

Acted as Hong Kong counsel to Longfor Group Holdings Limited (HKEX Code: 960) in its investment in Greentown Service Group Co., Ltd. (HKEX Code: 2869) through acquisition of issued shares and subscription of new shares, with a total consideration exceeding HKD 2.37 billion.

Acted as Hong Kong counsel to China Resources Land Limited (HKEX Code: 1109) in a top-up placement involving the sale of existing shares through sole placing agent Goldman Sachs (Asia) L.L.C., followed by subscription of new shares, raising net proceeds exceeding HKD 6.7 billion.

Acted for Vanke Overseas Investment Holding Company Limited (formerly Vanke Property (Overseas) Limited) in acquiring a real estate redevelopment project in Chun Yeung Street, North Point, Hong Kong, through acquisition of equity interests in the holding company and related shareholder loans, for approximately HKD 600 million. Completed in November 2019.

Acted for Vanke Overseas Investment Holding Company Limited (formerly Vanke Property (Overseas) Limited) in acquiring real estate interests in London, San Francisco, and New York through acquisition of equity interests in the holding company, constituting a very substantial transaction under HKEX rules, valued at RMB 1.1 billion. Completed in June 2019.

Acted as Hong Kong counsel to a pharmaceutical company listed on both SZSE and HKEX in its disposal of a subsidiary, advising on Hong Kong Listing Rules and drafting transaction documents. The disposal, valued at over RMB 4.5 billion, constituted a major transaction under HKEX rules.

Acted as Hong Kong counsel to a property developer in its acquisition of another property development company, advising on Hong Kong Listing Rules and drafting transaction documents. The acquisition, valued at over RMB 3.5 billion, constituted a major transaction under HKEX rules.

Acted as Hong Kong counsel to Hong Kong and PRC companies in their initial public offerings and listings on the Hong Kong Stock Exchange.

Acted as Hong Kong counsel to sponsors and underwriters in IPOs and listings of Hong Kong and Singapore companies on the HKEX Main Board and GEM.

Bonnie has also provided Hong Kong listing compliance advisory services to the following companies:

BYD Company Limited (Stock Code: 1211); China Resources Land Limited (Stock Code: 1109); China Resources Mixc Lifestyle Services Limited (Stock Code: 1209); China Resources; Power Holdings Company Limited (Stock Code: 836); Cowell E Holdings Inc. (Stock Code: 1415)