ChinaLawGuide
Portrait of Cheng Wang

Cheng Wang

Senior Partner · Jincheng Tongda & Neal · Shanghai

Corporate & M&ACapital MarketsPrivate Equity & Venture CapitalForeign Direct Investment

Overview

Cheng Wang advises companies on M&A, capital markets transactions and private equity and venture capital investment. His experience includes corporate reorganisations, IPOs, major asset restructurings, fund formation and debt securities offerings.

His practice also covers foreign direct investment into China. His transaction experience includes IPOs in mainland China and Hong Kong, private fund registration, and acquisitions and investments across industrial businesses, technology and healthcare.

Representative matters

IPOs & major asset restructurings

  • IPO of Beijing Haohan Deep Information Technology on Shanghai’s STAR Market (688292).
  • IPO of Zhejiang Rongyi Precision Machinery on the Beijing Stock Exchange (873223).
  • IPO of Shenzhen JPT Opto-electronics on Shanghai’s STAR Market (688025).
  • IPO of Zhongman Petroleum and Natural Gas Group on the Shanghai Stock Exchange main board (603619).
  • IPO of Goldcard High-tech on Shenzhen’s ChiNext market (300349).
  • Hong Kong listing of China New City (1321) following its spin-off from Zhong An Real Estate (0672).
  • Hong Kong listing of Boda Garden (1253).
  • Major asset restructuring of Shanghai Modern Pharmaceutical, part of Sinopharm Group.

Private fund registration & investment

  • Led legal opinion work for private fund registration matters involving Beijing Qijian Private Fund Management, Beijing Weishi Equity Investment Management, Shanghai Jiyuan Investment Management and Shanghai Jinding Equity Investment Fund Management.
  • Led private fund registration legal opinion work for Shanghai Benniu Investment Management, Yirong (Beijing) Investment Management, Shanghai Yikai Investment Management and Hangzhou Donggu Investment Management.
  • Led private fund registration legal opinion work for Gongqingcheng Haomingda Yongxu Investment Management Partnership, Shanghai Jialing Investment Management, Hangzhou Zheda Future Innovation Investment Management and Beijing Yihe Zhongkang Investment Management.
  • Led or participated in fund formation and investment matters, including Oriza Seed investments in CStone Pharmaceuticals, Osmunda and Shanghai InnoStar.
  • Participated in Zhi Yi Fund’s investment in Chuangmi Technology, a Xiaomi ecosystem company.

Mergers & acquisitions

  • Advised Guangdong Huate Gas (688268) on the acquisition of an industrial gas business in Shanghai.
  • Worked on SIIC Environment’s acquisition of an equity interest in Fudan Water, and Asia Water’s acquisitions of interests in Nanfang Water and Lianhe Runtong, within the Shanghai Industrial group.
  • Worked on Shanghai Hangzhou Bay Economic and Technological Development’s acquisition of the Greenland Luwan 917 property project, through a platform of Shanghai’s Fengxian state-owned assets authority.
  • Worked on Sunac’s acquisition of Jianxin Mining (000688), subsequently renamed Guocheng Mining.
  • Worked on Goldcard’s acquisition of several urban gas pipeline assets.
  • Advised Macquarie Retail Real Estate on the acquisition of a Shanghai property project.

NEEQ listings

  • Led or participated in listings on China’s National Equities Exchange and Quotations (NEEQ), including Shanghai Huiershun Precision Tools, Shanghai Jingjia Culture Industry Investment, Shanghai Damaosheng Technology and Shanghai Batong Biotechnology.
  • NEEQ listing work also included Taizhou Yongsheng Packaging, Shanghai Hengliang Electronic Technology, Jiangxi Bolai Agricultural High Technology and Hangzhou Aili Lingfu Technology.
  • Further NEEQ listings included Ningbo Sanfeng Machinery and Electronics, Shanghai Jianwei Historic Preservation Engineering Technology, Wuhan Zhongyi IoT Technology and Liaoning Hualong Electric Power Technology.
  • Other NEEQ listing matters included Jiangsu Shennong Sterilisation Equipment, Ningbo Dahan Yinbang, Shanghai Haixin Pharmaceutical, Anhui Yangzi Flooring, Shanghai Yitong Information Technology and Shanghai Shangdian Electric Machinery.

Debt capital markets

  • Worked on Bright Food Group’s medium-term note and short-term commercial paper offerings.
  • Worked on an enterprise bond offering by Sichuan Jincai Jinxin Investment, a state-owned investment platform in Pingchang County, Sichuan.

Background

Professional experience

  1. January 2011 onwards

    JT&N · Shanghai

    Joined the Shanghai office of Jincheng Tongda & Neal.

  2. May 2008 – December 2010

    Jundu Law Firm · Shanghai

    Worked in the firm’s Shanghai office.

  3. January 2007 – April 2008

    Beijing Zhong Lun Jin Tong Law Firm · Shanghai

    Worked in the firm’s Shanghai office.

Education

Johannes Gutenberg University Mainz
Master of Laws
Zhejiang University
Bachelor of Laws