Peter Cheng
Peter Cheng

Peter Cheng

Partner

LOCATION:
Hong Kong
DIRECT:
+852 2826 5390

Peter Cheng

Partner

LOCATION:
Hong Kong
DIRECT:
+852 2826 5390


+ Add to Binder

Peter is an experienced equity capital markets (ECM) lawyer. He has a particular practice focus on Hong Kong IPOs, and has advised on a wide range of ECM transactions, compliance with Hong Kong Listing Rules, mergers and acquisitions and private equity investments.

In 2016, Peter was seconded to the Hong Kong Stock Exchange’s Listing and Regulatory Affairs Division where he was primarily involved in reviewing listing applications as well as developing listing related polices in Hong Kong.  In 2009, he was seconded to the legal department of the Hong Kong office of Morgan Stanley where he focused on ECM transactions.

Prior to joining Deacons, Peter worked in the Corporate Department of a leading US-headquartered law firm in Hong Kong. Peter has also practiced law with a magic circle firm and two other international law firms in Hong Kong.

Peter is fluent in English, Mandarin and Cantonese.

Capital Markets

Advised Tencent Holdings Limited on its spinoff of China Literature Limited by way of an IPO and separate listing of China Literature Limited (offer size US$1.1 billion) on the Hong Kong Stock Exchange Main Board

Advised Tongcheng-Elong Holdings Limited’s global IPO and Hong Kong Stock Exchange Main Board listing (offer size US$180 million)

Advised Zhongsheng Group Holdings Limited on its HK$2.35 billion convertible bonds repurchase and HK$3.925 billion convertible bonds issuance

Advised the underwriters on the RMB3.45 billion USD-settled H share convertible bonds by China Railway Construction Corporation Limited

Advised Mongolian Mining Corporation on its US$201 million global rights offering

Advised China Yongda Automobiles Services Holdings Limited's global IPO and Hong Kong Stock Exchange Main Board listing (offer size US$215 million)

Advised the underwriters on China Hongqiao Group Limited's global IPO and Hong Kong Stock Exchange Main Board listing (offer size US$790 million)

Advised the underwriters on Zhongsheng Group Holdings Limited's global IPO and Hong Kong Stock Exchange Main Board listing (offer size US$387 million)

Advised the underwriters on Kaisa Group Holdings Ltd.'s global IPO and Hong Kong Stock Exchange Main Board listing (offer size US$440 million)

During secondment at Morgan Stanley, advised on the global IPO and Hong Kong Stock Exchange Main Board listings of Sinopharm Group Co. Ltd., China Resources Cement Holdings Limited, Yingde Gases Group Company Limited, Wynn Macau, Limited, Yuzhou Properties Company Limited, Green Holdings Ltd and Longfor Properties Co. Ltd., and a number of block trades and top-up placements

M&A

Advised Tencent on its strategic investment with Evergrande Real Estate Group Limited by way of subscription of shares and top-up warrants in Mascotte Holdings Limited for an aggregate consideration of HK$750.7 million

Advised Baidu Holdings Limited in connection with its US$1.9 billion acquisition of 91 Wireless Websoft Limited

Advised Forgame Holdings Limited in connection with its proposed US$70 million acquisition of 21% stake in Magic Feature Inc.

Advised TPG on its investment in China Ruifeng Galaxy Renewable Energy Holdings Limited by way of a US$60 million convertible bond and US$15 million warrants

Advised Chow Tai Fook Group in relation to its HK$505 million acquisition from Peace Mark (Holdings) Limited (through the provisional liquidators appointed for its winding up) of assets relating to the retail and watch movement manufacturing businesses in the Greater China region as a part of the Peace Mark Group's liquidation

Advised Hisense Kelon Electrical Holdings Company Limited in relation to its proposed acquisition of “white goods” interests from its controlling shareholder for a consideration of RMB1.24 billion

Compliance

Advised Tencent Holdings Limited, China Yongda Automobiles Services Holdings Limited, Hilong Holding Limited, The People’s Insurance Company (Group) of China, China Nonferrous Metal Mining Group, Mongolian Mining Corporation, Yihai International, Hisense Kelon Electrical Holdings Company Limited, Datang International Power Generation Company Limited and New World China Land Limited, in relation to their ongoing compliance with the listing rules of Hong Kong

Education

B.Com., Accounting and Finance, University of Western Australia

LL.B., University of Western Australia

PCLL, University of Hong Kong

- Brian McElney Medal in Law

 

Accolades 

Asian Legal Business Hong Kong Law Awards   

-        Equity Market Deal of the Year: China Literature IPO (2018)

FinanceAsia Achievement Awards

-        Best IPO: China Literature’s $1.1 billion Hong Kong IPO (2017)

IFLR Asia Awards 

-        Equity Deal of the Year: China Literature IPO (2018)

In-House Community Asian-mena Counsel Deals of the Year 2017

-       Honourable Mention: China Literature IPO (2017)

 

Back