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Jiamao（Jason）Cheng
Cheng Jiamao Senior Partner
Corporate and M&A
Cross-Border Investment and Trade
Dispute Resolution
Capital Markets
Detailed introduction
Mr. Jason Cheng is the co-head of the corporate practice group of DentonsChina Region, head of Dentons Shanghai’s M&A practice. He has providedlegal services to numerous Fortune 500 companies (mainly foreign companies). Heis proficient in the domestic acquisitions by foreign companies, cross-borderdeals, and capital market. He represented the Bank of Communications in itsoverseas private placement with HSBC in the amount of US$1.86 billion, whichwas awarded Annual Banking Deal of 2004 and Annual Deal of Innovation of SOE of2004 by Asian Legal Business (ALB). He also represented Ningbo Tech-bank in itsacquisition of AgFeed Industries Inc., an U.S. Nasdaq listed company, in theamount of RMB 0.33 billion in 2013, which was awarded Annual Agriculture Dealof 2013 in the U.S. He participated in various projects that have significantimpact in the legal circle, such as the acquisition of Shandong Airlines by AirChina Group and its IPO, establishment of several Sino-foreign insurancecompanies, etc. In recent years, he has completed several influential cases inthe area of outbound investment and cross-border deals. He assisted domesticcompanies to set up oversea enterprises, and as a chief coordinator, organizingthe international legal team to assist Chinese enterprises to accomplish plentyof typical cross-border M&A deals, therefore he amassed diverse practicalexperience in the domestic acquisitions by foreign companies, restructuring ofinvestments of multinational companies in China and corporate mergers andacquisitions. He has solid experience in the industry of education, bio-pharmaceuticals,industry 4.0, manufacturing and agriculture etc.
Mr. Cheng hasamassed diverse practical experience in private equity investment area,representing financiers or investors. Up till now, he has accomplished morethan 50 cases in establishment of funds and investment projects. He has alsoprovided solutions to PE investor in several disputes arising after the PEinvestment.
Beingfamiliar with banking and securities law, he has also provided legal services withthe banks, insurance companies and securitise companies etc. Since 2003 topresent, he provide legal service with the biggest Japanese bank and assistwith it in the development of various innovative financial products, such asthe first foreign exchange pooling for foreign bank, the first foreign exchangecollection and payment for international companies, bi-way overseas anddomestic foreign exchange pooling etc. He assisted several insurance companiesin its establishment. He is also the member of internal approval committee ofthe securitise company, and reviewed various corporate bonds, ABS, significantM&A of listed companies.
In the areaof litigation and arbitration, Jason has built a solid jurisprudence foundationand amassed diverse practical experience. He has participated in more than 50litigations and arbitrations involving foreign matters, including manysignificant litigation matters that involve large amounts of monies., amongwhich such as the exit of the Jinyuan Agriculture (complex due to theinvolvement of Delong team and Mintian team), the arbitration and litigation inthe merge between Baidu Food Order Company and Rajax (Subsidiary of Ali Group).
IPO, M&A by Foreign Capital, Cross-borderM&A and Investment, PE Investment
- represented Bank Communications of China in its private placement with HSBC in the amount of approx. RMB 14.6 billion (thetransaction amount), accounting for 19.99% equities of Bank Communications of China, which was awarded Annual Banking Deal of 2004 and Annual Deal of SOE Innovation of 2004 by Asian Legal Business;
- represented Ningbo Tech-bank in its acquisition of AgFeed Industries Inc, a U.S. Nasdaq listed company, and subsequentnon-public offering, which was awarded U.S. Annual Agriculture Industry Deal of2013. The transaction amount is approx. RMB 0.33 million;
- Shanghai Yin Science & Technology Co.,Ltd.’s IPO on China Growth Enterprise Market;
- Darco Water’s IPO in Singapore;
- Tech-bank’s non-public offering;
- represented Shenlaida (SZSE:002473) in thelisting shell company transfer project in the amount of RMB 3 Billion;
- represented DunAn Environment Co., Ltd.(SZSE: 002011) in its acquisition of Microstaq (a U.S. company) in the amountof US$ 5.5 million;
- represented DunAn Environment Co., Ltd.(SZSE: 002011) in its acquisition of an Italian company in the amount of US$ 15million;
- represented DunAn Environment Co., Ltd(SZSE: 002011) in its acquisition of a multinational enterprise in the amountof approx. 12 million euros;
- represented DunAn Environment Co., Ltd(SZSE: 002011) in equity division project in the amount of approx. RMB 1billion;
- represented Ningbo Tech-bank Co. Ltd.(SZSE:002124) in its investment in Choice Genetics (a French company with subsidiaries in the U.S., Brazil, German, etc.) in the amount of approx. US$ 15million;
- represented Ningbo Tech-bank Co. Ltd.(SZSE:002124) in its acquisition of a multinational enterprise in the amount ofapprox. US$ 0.25 billion;
- represented China Airline in itsacquisition of Shandong Airline in the amount of approx. US$ 100 million;
- represented Phonak (a Swiss listed company) in its acquisition of target companies in Guangzhou, Chengdu, etc. in theamount of approx. US$ 50 million;
- represented Fuchs in its acquisition of Beijing Huali Lubricates Ltd. in the amount of approx. US$ 6 million;
- represented Benteler (a Germany company) inits joint venture with Shanghai Huizong. The total investment amount is approx.US$ 70 million;
- represented Benteler (a Germany company) inits joint venture with FAW. The total investment amount is approx. US$ 45 million.
- represented Suzhou International Development Venture Capital Holding Co., Ltd. (“SIDVC”) in its investment in DioCatering Operation by share transfer from Carlyle Investment in the amount of approx.US$ 30 million;
- represented SIDVC in its investment in LongEnergy conducted in the amount of approx. US$ 5 million, and Long Energy nowhas been listed on the KOSDAQ;
- represented SIDVC in its investment in CNMICAin the amount of approx. US$ 20 million;
- represented LYZZ Capital in its investmentin Shenzhen Chipscreen by share transfer from Lilly in the amount of approx. US$25 million;
- represented Guilong Pharmacy in its sharedeal with Reckitt Benckiser in the amount of approx. US$ 180 million;
- represented Suzhou Taizhu Ltd. in its sharedeal with Merck KGaA (Germany) in the amount of approx. US$ 48 million;
- represented Chinica, a broker company, inits share deal with a German company in the amount of approx. US$ 15 million,referring to PRC, Hong Kong and Cayman law practice;
- represented Dragonrise Capital in itsserial investment in China;
- represented China Environment ProtectionAsset Management (“CEPA”) in its investment in China Forestry forest in theamount of approx. US$ 20 million;
- represented Yanzhifang’s in its majorityshare transfer to Everbright ReinForeFund in the amount of approx. US$ 100 million;
- assisted the establishment and fund raisingof CEPA, the fifth domestic industrial fund, in the total amount of approx. US$1 billion;
- assisted various RMB PE Funds and US DollarFunds in their establishment and fund raising;
- assisted a client in its establishment of ZenMacro Fund, a Cayman hedge fund;
- assisted a client in its establishment ofTuer China Fund, a Cayman hedge fund;
- assisted Grandpine in its establishment of RMBfunds in China;
- assisted LYZZ Capital in its establishmentof US Dollar Fund and RMB Fund;
- assisted the insurance company in the mergebetween Baidu Food Orders company and Rajax (subsidiary of Ali Group);
- provided solutions to investors including DT Capital Partners in their exits from the Royal (Wuxi) Bio-Pharmaceutical Co., Ltd involving a transaction amount of approx. RMB 1.2 billion. The case involves three rounds of investors and more than 10 PE shareholders withdiverse interests seeks, which makes it difficult to coordinate among the interests and take control of the company;
- provided solutions to Dragonrise Capital inits exit from JinYuan Agriculture. The funding shareholders of this project is a senior counsel in capital market and has a close relationship with the local government. The involvement with the Delong team and Mingtian team makes it more complicated;
- provided solutions to Qianlong HanfengEquity Funds in its exit from the Shenzhen Yestock investment project;
- provided solutions to Qianlong HanfengEquity Funds in its exit from the Wuhan Maoren underwear investment project.
Banking & Finance
- represented SMIC in the syndicate loan inthe amount of US$ 800 million;
- represented BTMUC (the Bank ofTokyo-Mitsubishi UFG) in its various syndicate loans in China;
- represented BTMUC in its daily complianceand financial products development in China, including foreign exchangepooling, RMB pooling, forfeiting, factoring, discount, etc.;
- represented the Great Eastern Insurance Co.in its JV in China;
- assisted LC Securities Co. in its internalcompliance;
- assisted American InternationalUnderwriters in its branch company’s restructuring to subsidiary companyproject;
- assisted BTMUC in its branch company’srestructuring to subsidiary company project;
- assisted the Hebei Securitize Co. in itsreorganization;
- assisted a securities company with its partISDA products development project.
- 2015 - 2017 EMBA, China-EuropeInternational Business School
- 1998 - 2001 LL.M, Southwest University of Political Science and Law
- 1990 - 1994 Bachelor of Engineering (B.E.), Hefei University of Technology
- 2015 to date Senior Partner, Dentons Shanghai Office
- 2007 - 2014 Partner, HHP Attorneys-At-Law
- 2004 - 2007 Partner, Boss & Young Attorneys-At-Law
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