Announcement

We’re delighted to share that Tongshang Hong Kong has been named the M&A Firm of the Year (Medium-sized deal under $500M) by Asia Legal Awards 2022. We’re absolutely thrilled to receive this recognition alongside the other reputable finalists. We’d also like to express our appreciation to our amazing clients for your support throughout the years.

The Asia Legal Awards is hosted by Law.com International and is regarded as one of the most renowned ceremonies in Asia.

We are honored to be recognised as one of the winners in the “education” and “shipping” categories by China Business Law Journal for their annual China Business Law Awards.

Tongshang Hong Kong worked together with our other offices in Mainland China to advise Edvantage Group (HKEx: 0382) on an acquisition of Sichuan New Concept, by providing a one-stop cross-border services to solve the variable interest entity (VIE) structure problem in this transaction.
Our dedicated corporate finance team also advised on the US$4.62 billion vessel leasing transactions by COSCO SHIPPING Holdings Co., Ltd. (HKEx: 1919) in accordance with the Hong Kong Listing Rules.

China Business Law Journal’s China Business Law Awards are based on hundreds of nominations collected from law firms and more than 1,000 feedbacks collected from corporate executives, in-house counsels and senior practitioners.

Tongshang Hong Kong is pleased to announce that Christy Leung has joined the firm as a partner in its Litigation Department. Ms. Leung was previously a partner at a reputable international law firm headquartered in Chicago of the United States, that has offices around the United States, Europe and Asia.

Ms. Leung is known for her wealth of experience in handling contentious regulatory matters and complex commercial disputes with a strong focus on the financial services sector. Ms. Leung has advised leading PRC banks, financial institutions, listed companies, licensed corporations and individuals in regulatory proceedings brought by Securities and Futures Commission (SFC), the Hong Kong Stock Exchange (HKEx), Hong Kong Monetary Authority (HKMA) and other regulatory and law enforcement agencies.

Ms. Leung has handled disputes involving a variety of legal claims arising from the Securities and Futures Ordinance (SFO), the codes and guidelines administered by the SFC and the HKMA, the Hong Kong Listing Rules, as well as anti-money laundering (AML) related allegations.

“We are thrilled to have such an outstanding litigator as Christy to join our Hong Kong office,” said Eric Chow, Tongshang’s Hong Kong Managing Partner. “Christy’s appointment reflects our continued commitment to growing our capabilities in order to meet the needs of our clients and to expand our contentious practice.”

Tongshang Hong Kong was recognized as one of the top 30 fastest growing law firms in Asia highlighted in Asian Legal Business (ALB) award. We are committed to providing high quality legal services across a full spectrum of industries to our clients.

Eric Chow & Co. in Association with Commerce & Finance Law Offices (“TSHK”) recently advised in a HK$510.25 million placement of shares of China XLX Fertiliser Ltd. (HKEx: 1866) (“China XLX Fert”). In this transaction, Go Power Investments Limited, a substantial shareholder of China XLX Fert, (the “Seller”) sold its 78.5 million shares at HK$6.50 per share on the Hong Kong Stock Exchange, comprising 56.5 million of top-up sale shares and 22 million sell-down sale shares. Upon completion of the placement, the Seller will subscribe for 56.5 million new shares from China XLX Fert, amounting to gross proceeds of approximately HK$367.25 million. CLSA Limited and Essence International Securities (Hong Kong) Limited acted as the Placing Agents in this transaction.

China XLX Fertiliser Ltd. is a high-efficiency fertiliser advocator principally engaged in developing, manufacturing, and selling of products such as urea and compound fertilisers in the PRC.

TSHK team was led by Eric Chow (Managing Partner) and Priscilla Lee (Partner), supported by Brandon Chow, Jessie Cheung (Senior Associate), Evelyn Cheung (Associate) and Jessica Yu (Trainee Solicitor).