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    Home /  Lawyers /  Kay Ian Ng

    Kay Ian Ng

    Partner

    Kay Ian Ng Headshot Photo Portrait backdrop

    Hong Kong

    +852-2826-8601

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    ngki@sullcrom.com

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    Additional Bio

    English Chinese

    Kay Ian Ng is the managing partner of the Firm’s Hong Kong office and a leading Hong Kong corporate lawyer with more than 30 years of experience. His practice focus is capital markets and mergers and acquisitions. On capital markets, Mr. Ng has advised on more than 100 completed Hong Kong IPOs and securities offerings, raising more than US$100 billion in aggregate. On mergers and acquisitions, Mr. Ng works extensively on private sales and purchases, strategic investments and public takeovers, including some landmark transactions in the Greater China market.

    Qualified to practise law in England and Wales, Hong Kong and Malaysia, Mr. Ng was a partner at a leading international law firm for 10 years before joining S&C as a partner in September 2011.

    吴基恩律师是苏利文香港分所的管理合伙人,也是一位具有超过30年经验的杰出香港公司律师,专长于资本市场及并购事务。在资本市场方面,吴律师近年来参与并完成了超过 100 宗香港首次公开发行及证券发行项目,筹资总额超过 1000 亿美元。在并购方面,吴律师在非公开收购、战略投资以及要约收购等领域有着广泛的经验,包括大中华市场的若干开创性交易。

    吴律师拥有英格兰与威尔士、香港以及马来西亚的执业律师资格。吴律师在2011年9月以合伙人身份加入本所之前曾在一家领先的国际律师事务所担任合伙人长达十年之久。

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    Spotlight

    S&C Advises Underwriters in Gaush Meditech’s IPO

    READ MORE

    Kay Ian Ng Recognized in Asian Legal Business Asia’s Top 15 Capital Markets Lawyers List

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    Law360 MVP Awards: Eight Sullivan & Cromwell Partners Named 2022 MVPs

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    S&C Ranked as Top 10 International Firm for Hong Kong IPOs by China Business Law Journal

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    China Mobile IPO Wins Equity Market Deal of the Year-Premium at Asian Legal Business’ China Law Awards 2022

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    • Experience
    • Rankings and Recognitions
    • News
    • Publications, Videos and Podcasts
    • Credentials
    • Related Practices
    Experience

    Experience

    Capital Raisings, IPOs and Securities Offerings

    • Deep IPO experience across key sectors:
      • Biotech and healthcare. Notable IPOs in this sector include Gaush Meditech, AIM Vaccine, Beijing Airdoc Technology, Broncus Holding, Jacobio Pharmaceuticals, MicroPort Scientific, New Century Healthcare, New Horizon, Nirvana Asia, Phoenix Healthcare and Universal Medical Financial & Technical Advisory Services
      • Consumer and retail. Some leading companies, including Budweiser APAC, China Dongxiang, China Mengniu Dairy, China Tobacco International (HK), CSMall Group, Pou Sheng International and Want Want China
      • Financial institutions. Some of the largest financial institutions IPOs, including AIA, Bank of China, Bank of Chongqing, China CITIC Bank, China Everbright Bank, China Minsheng Bank, China Pacific Insurance, China Reinsurance (Group) Corporation and Shengjing Bank
      • TMT. Key IPOs in this sector, including China Mobile, China Telecom, Clear Media, Foxconn Interconnect Technology, Foxconn International Holdings and XPeng

    Mergers & Acquisitions

    Some notable M&A deals of Kay Ian include:

    • Air China (0753.HK) on its strategic acquisition of a 29.9% interest in Cathay Pacific, disposal of its interests in Dragonair and a strategic investment by Cathay Pacific in Air China; and the privatization of CNAC Holdings by way of scheme of arrangement
    • Ant Financial’s financial advisers in its approximately $14 billion Series C equity financing
    • Bank of China (3988.HK) on its acquisition of Singapore Aircraft Leasing Enterprise for $965 million
    • China Mengniu Dairy (2319.HK), as a long-standing client, in a series of strategic transactions:
      • Danone’s agreement to sell to Mengniu the 25% stake the company holds in Yashili and the 20% stake it holds in the chilled dairy business joint ventures. In parallel, Danone will acquire from Yashili 100% of Dumex Baby Food Co Ltd;
      • its acquisition of a 16.7% stake in and subsequent mandatory cash offer for China Modern Dairy Holdings Ltd. (1117.HK) at a total value of US$1.07 billion; 
      • its $1.7 billion public takeover offer for Yashili International; and
      • its $664 million placing of shares to Danone SA and a further $212 million private placement to Temasek, Hopu Fund and certain other private investors
    • China Mobile (0941.HK), as a long-standing client, in a number of important transactions:
      • its $5 billion acquisition of China TieTong Telecommunications Corporation;
      • its transaction agreement with CMC (China), China Unicom (0762.HK), China Telecom (0728.HK) and China Reform Corporation to sell their telecommunications towers and related assets to China Tower; and
      • as counsel to its financial advisers CICC and Merrill Lynch on its takeover offer for China Resources People’s Telephone
    • Chubb Limited on its agreement to acquire Cigna’s premium revenue personal accident, supplemental health and life insurance businesses in seven Asia-Pacific jurisdictions for $5.75 billion in cash, including Korea, Taiwan, New Zealand, Thailand, Hong Kong, Indonesia and Turkey
    • Credit Suisse, the financial advisor to Bitauto Holdings Limited, on the $1.3 billion investment by JD.com, Inc. and Tencent ‎Holdings Limited (0700.HK) in Bitauto
    • CST Mining Group (0985.HK) in a $505 million sale of its 70% stake in the Mina Justa copper mine in Peru to the Minsur S.A., part of the Breca Group of Peru; and its takeover for Chariot Resources (a Toronto-listed company who controls the Mina Justa Copper Mine in Peru) and its acquisition of the Lady Annie copper mine in Australia
    • CSX Corporation (CSX.NASDAQ) on its $1.35 billion disposal of its global container terminals business to Dubai Ports International
    • Development Bank of Singapore (D05.SGX) on its $5.7 billion public takeover of Dao Heng Bank - the largest banking takeover in Hong Kong
    • ENN Group and its subsidiaries, as a long-standing client, in its multiple corporate transactions:
      • ENN Ecological Holdings in connection with an acquisition of 32.83% of ENN Energy Holdings Limited’s (2688.HK) total issued share capital from ENN Group International Investment Limited valued at US$3.85 billion as part of an intra-group restructuring;
      • ENN Energy (2688.HK) and Sinopec on their $2.2 billion voluntary general offer for China Gas and on the related acquisition financing for ENN Energy; its $652 million subscription for equity interest in Sinopec Marketing and the related acquisition financing through a bond issue; its purchase of the entire issued share capital of Excellence Award Holding Company Limited for a consideration of $412 million; and its disposal of retail gas station business in the US and Canada; and
      • ENN Group International Investment Limited in its acquisition from Hony Capital the entire issued share capital of an investment holding company, which holds 100 million ordinary shares of Santos Limited for a total consideration of $449 million
    • Fenix Group Holdings Limited and City Super Group in connection with the acquisition by China Resources Capital Management Limited and Asia Food Growth Fund of a combined 65% shareholding in City Super Group
    • Financial advisers to MBK Partners in its voluntary general offer for CAR Inc. for a total value of $1.1 billion
    • Guangzhou Auto (2238.HK) on its privatization of Denway Motors simultaneously with Guangzhou Auto’s listing by introduction on the SEHK
    • J.P. Morgan as financial adviser to Orient Overseas (International) Limited (0316.HK) in the $6.3 billion acquisition of all its issued shares by COSCO Shipping Holdings and Shanghai Port (Group)
    • Morgan Stanley as the financial adviser to Yingde Gases on its $1.5 million sale of all issued shares to PAG
    • Nirvana Asia in its $1.1 billion privatization by CVC Capital Partners
    • Nomura International (Hong Kong) Limited as the financial adviser to Yue Xiu Enterprises (Holdings) Limited in its $1.5 billion acquisition of Chong Hing Bank Limited (1111.HK) via an innovative partial offer structure
    • NWS Holdings Limited (a member of the New World group) on its agreement to acquire the entire issued share capital in FTLife Insurance Company Limited for a total consideration of $2.75 billion
    • OCBC on its successful $1.5 billion bid to acquire the Asia private banking assets from ING Group NV
    • Sequoia China in connection with a voluntary general offer for all issued H shares and domestic shares of Zhejiang New Century Hotel Management by a consortium comprising of Sequoia China and Ocean Link, valuing the company at $656 million
    • Suning.com Co., as a long-standing client, in a number of its important transactions:
      • $1.5 billion sale of ordinary shares of Alibaba Group through Goldman Sachs;
      • its sale of a 19.9% stake to Alibaba for $4.6 billion;
      • its acquisition of $2.3 billion worth of shares in Alibaba;
      • its acquisition of PPLive Corporation for approximately $420 million in cash;
      • acquisition of Allyes (China) Holding Company Limited from Silver Lake Partners; and
      • Nanjing Suning.Com Supermarket Ltd. in its agreement with DIA (Spain) to purchase 100% of the shares of Shanghai Dia Retail Co., Ltd. and DIA (Shanghai) Management Consulting Services Co. Ltd.
    • Wing Lung Bank on its auction sale to China Merchants Bank (3968.HK) valuing Wing Lung Bank at $4.7 billion

    吴律师参与的主要项目包括

    融资、首次公开发行(IPO)和证券发行:

    • 涵盖多种关键领域的丰富IPO经验:
      • 生物科技与医疗。该领域的主要IPO项目包括高视医疗、艾美疫苗、鹰瞳科技、堃博医疗、加科思药业、微创医疗 、新世纪医疗 、诺辉健康、富贵生命国际 、凤凰医疗集团以及环球医疗金融与技术服务公司。
      • 消费者零售。多家领先的公司包括百威亚太、中国动向、中国蒙牛乳业、中烟国际(香港) 、金猫银猫集团、宝胜国际以及中国旺旺。
      • 金融机构。多家最大型金融机构的IPO项目包括友邦保险集团、中国银行、重庆银行、中信银行、中国光大银行、中国民生银行、太平洋保险、中国再保险以及盛京银行。
      • 电信、媒体及科技。该领域的主要IPO项目包括中国移动、中国电信、白马户外媒体、鸿腾精密科技、富士康国际控股以及小鹏汽车。

    并购:

    吴律师参与的主要并购交易包括:

    • 向中国国际航空就其战略收购国泰航空的29.9%股权、出售其所持的港龙航空的股权及国泰航空对中国国际航空的战略投资提供法律服务;以及就其以协议安排方式对中航控股进行私有化提供法律服务
    • 向蚂蚁金服的财务顾问就其约140亿美元的C系列股权融资提供法律服务 
    • 向中国银行就其以9.65亿美元收购新加坡飞机租赁公司的股权提供法律服务
    • 向长期客户中国蒙牛乳业(2319.HK)就其一系列战略交易提供法律服务,包括:
      • 与达能达成协议,向蒙牛出售达能在雅士利持有的25%权益以及在中国的低温业务合营公司20%的权益。同时,达能向雅士利收购多美滋中国的100%权益;
      • 以10.7亿美元收购中国现代牧业控股(1117.HK)的16.7%股权及随后提出的强制性全面收购要约;
      • 以17亿美元收购雅士利国际的公开收购要约;以及
      • 向达能配售6.64亿美元股份以及向淡马锡、厚朴基金和其他私人投资方私人配售2.12亿美元股份
    • 向长期客户中国移动(0941.HK)就其多项重大交易提供法律服务,包括:
      • 以50亿美元收购中国铁通集团公司;
      • 中国移动通信、中国联通(0762.HK)、中国电信(0728.HK)及中国国新达成向中国铁塔出售其铁塔相关资产的交易协议;以及
      • 向其财务顾问中金公司及美林就其向华润集团收购万众电话
    • 向安达保险就其以57.5亿美元收购信诺在亚太区七个市场(韩国、台湾、纽西兰、泰国、香港、印尼和土耳其)的个人意外险、附加医疗保险及人寿保险业务提供法律服务
    • 向瑞士信贷,易车网控股的财务顾问,就京东和腾讯对其进行的13亿美元投资提供法律服务
    • 向中科矿业集团就其以5.05亿美元向Minsur S.A.(秘鲁Breca Group 中的一家公司)出售Mina Justa 铜矿中的70% 股权提供法律服务; 以及就其收购Chariot Resources (一家在多伦多上市的公司) 和Lady Annie copper mine(一处澳大利亚铜矿)提供法律服务
    • 向美国CSX运输(CSX Corporation)就其以13.5亿美元的价格向迪拜港口国际出售其全球集装箱码头业务提供法律服务
    • 向星展银行就其以57亿美元公开收购道亨银行(香港至今最大宗银行收购项目)提供法律服务
    • 向长期客户新奥集團及其子公司就其多项公司交易提供法律服务,包括:
      • 新奥生态控股向新奥国际收购新奥能源(2688.HK)已发行总股本的32.83% (市值38.5亿美元),该交易为集团内部重组的一部分;
      • 新奥能源(2688.HK)和中石化对中国燃气提出的22亿美元自愿全面收购要约和新奥能源的相关收购融资;以6.52亿美元认购中石化销售的股权及通过发售债券进行的收购融资;以4.12亿美元购买Excellence Award Holding Company Limited全部已发行股本;以及处置美国和加拿大的零售加油站业务;以及
      • 新奥国际与弘毅投资的全资子公司达成股权转让协议,以4.49亿美元向弘毅投资收购某持有桑托斯 1亿股普通股的投资控股公司的全部已发行股本
    • 向三黄集团及City Super Group 就华润资本管理及Asia Food Growth Fund收购City Super Group合共65%的控股权提供法律服务
    • 向安博凯的财务顾问就其以11亿美元对神州租车提出自愿性全面收购要约提供法律服务
    • 向广州汽车集团股份就其以介绍形式上市以及同时对骏威汽车有限公司进行私有化提供法律服务
    • 向摩根大通作为东方海外(0316.HK)的财务顾问就中远海运和上港集团以63亿美元收购东方海外所有已发行股份提供法律服务 
    • 向摩根士丹利作为盈德气体集团有限公司的财务顾问就其向太盟出售150万美元的全部已发行股份
    • 向富贵集团就CVC Capital Partners 提议的11亿美元私有化交易提供法律服务
    • 向作为越秀企业(集团)财务顾问的野村国际(香港)就越秀企业以15亿美元的创新部分要约收购创兴银行(1111.HK)提供法律服务 
    • 向新创建集团(新世界集团的一家成员)就其以总对价27.5亿美元收购富通保险全部已发行股份所达成的协议提供法律服务
    • 向新加坡华侨银行就其以15亿美元中标收购荷兰国际集团的亚洲私人银行业务提供法律服务
    • 向红杉中国就其与鸥翎投资组成的财团对浙江开元酒店管理之全部已发行H股和内资股提出的自愿全面收购要约提供法律服务,公司估值为6.56亿美元
    • 向长期客户苏宁易购就其多项重大交易提供法律服务,包括: 
      • 以15亿美元通过高盛出售阿里巴巴集团的普通股;
      • 以46亿美元向阿里巴巴出售其19.9%股权;
      • 购买阿里巴巴的23亿美元股份;
      • 以约4.2亿美元现金收购PPLive Corporation;
      • 向Silver Lake Partners 收购好耶(中国)控股有限公司;以及
      • 南京苏宁网上超市与迪亚(西班牙)达成协议,收购上海迪亚零售有限公司(中国)和DIA (Shanghai) Management Consulting Services Co. Ltd的全部股份
    • 向永隆银行就其以47亿美元向中国招商银行(3968.HK)拍卖出售提供法律服务
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    Rankings and Recognitions

    Rankings and Recognitions

    Mr. Ng is recognized as a leading lawyer by many publications, including:

    • Asian Legal Business – Asia Top 15 Capital Markets Lawyers (2022)
    • ALB Hong Kong Law Awards – Dealmaker of the Year (2021)
    • Law360 Most Valued Partner – Capital Markets (2015, 2022)
    • Chambers Greater China Region – Corporate/M&A and Capital Markets: Equity in China (2022, 2023)
    • IFLR1000 – Highly Regarded (2012–2022)
    • Chambers Global – Corporate/M&A and Capital Markets: Equity in China (2009–2022)

    “Kay Ian has a good command of all things that matter to the client.”
    “Mr. Ng is a problem solver and has been effectively guiding us through a process unprecedented in Hong Kong and China. We think of him as a highly qualified, confident and intelligent professional.”
    “He’s helpful and dedicated, with very strong capabilities.”
    Chambers Greater China Region 2023

    One pleased client says: “You will have abundant comfort if you can get him on your side.” Chambers Greater China Region 2022

    One client describes him as “professional, courteous and competent,” while another notes that he is “super experienced and responsible, offering the best-quality service.” Chambers Greater China Region 2022

    He is praised by clients for being “very good at execution,” with one interviewee asserting that his reputation and strengths are such that: “I am totally convinced our company’s reputation has been enhanced by our affiliation with him.” Chambers Asia-Pacific 2021

    A peer describes him as “no-nonsense and pragmatic,” while a client says he “combines a good grasp of legal aspects with creative solutions.” Chambers Asia-Pacific 2021

    Ng Kay Ian is highly respected in the market, with a source saying: “He’s one of the more technically sophisticated lawyers in the market, I would recommend him.” Chambers Asia-Pacific 2020

    吴律师被以下的法律杂志评为杰出律师:  

    • 《亚洲法律商务》– 亚洲十五佳资本市场律师 (2022)
    • 《法律360》 – 资本市场最有价值律师 (2015、2022)
    • 《亚洲法律商务》 – 香港法律大奖:年度最佳项目执行律师 (2021)
    • 《钱伯斯大中华区》 – 公司事务/并购以及资本市场:中国公司股权方面杰出的律师 (2022、2023)
    • 《国际金融法律评论1000强》 – 高度推荐 (2012—2022)
    • 《钱伯斯全球》 – 公司事务/并购以及资本市场:中国公司股权方面杰出的律师 (2009—2022)

    “吴基恩律师精通所有对客户至关重要的事宜。”

    “吴律师善于解决问题,他成功地指导我们完成了一个在香港和中国内地前所未有的交易。我们认为他是一位极其出色、自信且富有才干的专业人士。”

    “他对于客户大有裨益,敬业且能力极强。”

    《钱伯斯大中华区》(2023)

    一位满意的客户说:“聘用他会对你大有裨益。”

     《钱伯斯大中华区》(2022)

    一位客户称他“专业、彬彬有礼、有能力”,另一位客户评价他 “经验极其丰富、责任心强,能提供最优质的服务”。
     《钱伯斯大中华区》(2022)

    客户称赞吴基恩律师“非常善于执行”,其中一位受访者如此肯定吴基恩律师的声誉和实力:“我完全相信,受益于我们与他的合作关系,我们公司的声誉已经因此得到提升。”
    《钱伯斯亚太》(2021)

    一位同行说,吴基恩律师“言之有道且务实”,而一位客户说,吴基恩律师“很好地将其对法律领域的掌握与创新性的解决方案相结合。”
    《钱伯斯亚太》(2021)

    吴基恩律师在业界内外享有崇高的声誉,客户曾对他作出如下评述:“他是市场上处理最复杂交易技术最好的律师之一。”
    《钱伯斯亚太》(2020)

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    News

    News

    • S&C Advises Underwriters in Gaush Meditech’s IPO

      December 20, 2022
    • S&C Advises AIM Vaccine in Hong Kong IPO and Global Offering

      October 7, 2022
    • S&C Advises China Mobile on $7.7 Billion IPO on Shanghai Exchange

      January 12, 2022
    • S&C Advises Underwriters in Chervon Holdings IPO on Hong Kong Exchange

      December 30, 2021
    • S&C Advises Underwriters in Beijing Airdoc Technology IPO Hong Kong Exchange

      November 17, 2021
    • S&C Advises Chubb in $5.75 Billion Acquisition of Cigna Selected Asia-Pacific Operations

      October 11, 2021
    Read More
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    Publications, Videos and Podcasts

    Publications, Videos and Podcasts

    • S&C Hosts Webinar on De-SPAC Transactions

      Webinars June 24, 2021
    • Global Capital Markets

      Webinars April 16, 2020
    Read More
    Credentials

    Credentials

    Education

    • College of Law, London, Law Society Finals, 1990
    • Jesus College, B.A., 1989

    Bar Admissions

    • Hong Kong
    • England and Wales
    • Malaysia (inactive)

    Languages

    • English
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    Related Practices

    Related Practices

    • General Practice
    • Asia
    • Capital Markets
    • Investment Management
    • Mergers & Acquisitions
    • Venture Capital & Emerging Growth Companies
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