David Yi

Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) is advising Shanghai Henlius Biotech, Inc. (‘Henlius’), a biopharmaceutical company listed on the Hong Kong Stock Exchange (Stock Code: 2696), on its proposed privatisation by Shanghai Fosun New Medicine Research Company Limited by way of merger by absorption. The transaction is subject to various conditions, including amongst others independent shareholder approvals. The Freshfields team was led by partners Edward Freeman, Grace Huang and David Yi, supported by senior associate Kelly Huang, and associate Haohan Li.

Jul 2

1 min

Freshfields Bruckhaus Deringer (‘Freshfields’) has provided Hong Kong law advice to XPeng, Inc (‘XPeng’) in relation to the proposed equity investment by Volkswagen Group (‘VW’) in XPeng. The proposed equity investment will facilitate strategic technical collaboration between XPeng and VW with the goal of leveraging each other’s complementary strengths and forge a long term win-win strategic partnership. Under the terms of the Share Purchase Agreement, VW conditionally agrees to subscribe for and purchase from XPeng Class A ordinary shares that will represent 4.99 per cent of the XPeng’s total issued and outstanding shares at closing, as enlarged by the subscription shares, for a total consideration of approximately US$700m. The Agreement was entered into on 26 July 2023. XPeng is a leading Chinese Smart electric vehicle (EV) company that designs, develops, manufactures and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Freshfields also advised on the company’s dual-primary listing on the Hong Kong Stock Exchange in 2021, following its listing on the New York Stock Exchange the previous year. The Freshfields team advising on the transaction was led by partner and China Chairman Teresa Ko and partners Calvin Lai and David Yi. They were supported by senior associate Chongming Ma and associate Molina Liu.

Aug 3

1 min

Global law firm Freshfields has provided Hong Kong and US law advice to GigaDevice Semiconductor Inc. (“GigaDevice”) in the global offering and listing of its shares on the Hong Kong Stock Exchange (“HKSE”). Founded in 2005, GigaDevice is an integrated circuit design house for a diverse range of chips. They provide customers with a wide range of chips, including Flash, niche dynamic random access memory, micro control units, analog chips and sensor chips that can be used in consumer electronics, automobiles, industrial applications (such as industrial automation, energy storage and battery management), personal computers and servers, internet of things, network communications and other fields to meet various demands, as well as a complete set of systems and solutions, including corresponding algorithms and software. According to Frost & Sullivan, GigaDevice is ranked second globally and first in Chinese Mainland in NOR Flash category, in terms of sales, with a global market share of 18.5%. The Freshfields team advising on the transaction was led by Head of China ECM and partner Richard Wang, partner Howie Farn and partner David Yi. They were supported by counsel Chris Fu, associates Steven Pi, Joshua Wang, Yantao Zheng, and legal consultant Yueyi Wang.

Jan 13

1 min

Global law firm Freshfields has provided Hong Kong and US law advice to GigaDevice Semiconductor Inc. (“GigaDevice”) in the global offering and listing of its shares on the Hong Kong Stock Exchange (“HKSE”). Founded in 2005, GigaDevice is an integrated circuit design house for a diverse range of chips. They provide customers with a wide range of chips, including Flash, niche dynamic random access memory, micro control units, analog chips and sensor chips that can be used in consumer electronics, automobiles, industrial applications (such as industrial automation, energy storage and battery management), personal computers and servers, internet of things, network communications and other fields to meet various demands, as well as a complete set of systems and solutions, including corresponding algorithms and software. According to Frost & Sullivan, GigaDevice is ranked second globally and first in Chinese Mainland in NOR Flash category, in terms of sales, with a global market share of 18.5%. The Freshfields team advising on the transaction was led by Head of China ECM and partner Richard Wang, partner Howie Farn and partner David Yi. They were supported by counsel Chris Fu, associates Steven Pi, Joshua Wang, Yantao Zheng, and legal consultant Yueyi Wang.

Jan 13

1 min

Freshfields Bruckhaus Deringer (‘Freshfields’) has provided Hong Kong and U.S. law advice to Merrill Lynch (Asia Pacific) Limited, the sole sponsor in the global offering and listing of shares of DPC Dash Limited on the Hong Kong Stock Exchange (‘HKSE’). Trading in the shares commenced today (28 March 2023). DPC Dash Limited is the master franchisee for Domino’s Pizza in Mainland China, Hong Kong and Macao. It operates 604 stores across 17 cities in Mainland China and has become the fastest growing among China’s top five pizza brands according to industry research. The Freshfields team advising on the transaction was led by partners Grace Huang, David Yi, Arun Balasubramanian and Howie Farn. They were supported by associates Candice Ma, Kristy Wong and Jessica Li and legal manager Daina Wang. About Freshfields Bruckhaus Deringer Freshfields Bruckhaus Deringer is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multinational expertise, and business know-how means our clients rely on us when it matters most.

Mar 28

1 min