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Frank Voon

Partner
+852.2230.3562
Fax +852.2511.9515
+86.10.5817.6116
Fax +86.10.8518.9299

Mr. Voon’s practice focuses on cross-border inbound and outbound M&A, as well as energy infrastructure and resources transactions, including those involving complex regulatory components.

Mr. Voon represents multinational companies, funds and financial institutions, and Chinese state-owned and privately-owned enterprises. He has advised on transactions, often with cross-border elements, in a broad range of industries, including automotive, chemical, energy and natural resources, engineering and construction, food and beverage, financial services, fund management, pharmaceutical, renewable energy, and real estate.

Mr. Voon has lived and worked in Beijing and Shanghai for over a decade. He worked in Australia and Singapore before moving to China. He is a native speaker of English and Mandarin.

Mr. Voon represented Hamilton Lane in the transaction involving Sinopec Marketing's “mixed ownership reform” and US$17.5 billion capital raising. This transaction was nominated as China M&A Deal of the Year by China Law & Practice in 2015 and separately nominated for the Macallan ALB Hong Kong Law Awards 2015 by Asian Legal Business.

Inbound – Energy, Infrastructure and Resources
  • Advised Ampco-Pittsburgh on acquiring Akers AB, including a PRC joint venture with state-owned Taiyuan Steel, in cash, notes and stocks of a value up to US$80 million.
  • Advised CITIC Pacific Mining on its proposed corporate restructuring in the PRC.
  • Advised DIC Corporation on its proposed acquisition of a PRC chemical manufacturer.
  • Advised Dupont on integration matters post-sale of performance coatings to Carlyle for US$4.9 billion.
  • Advised Hamilton Lane in a consortium that successfully subscribed for US$350 million of equity in the US$17.5 billion capital-raising by PRC state-owned enterprise Sinopec Marketing (which owns over 30,000 gas stations).  This is cited as the pilot-deal for the PRC government’s “mixed-ownership-reform” and nominated for PRC M&A Deal of the Year by China Law & Practice in 2015.
  • Advised INEOS on its proposed PRC joint venture with a PRC state-owned enterprise.
  • Advised Koppers on the China-aspect of its global restructuring with a financial impact of US$250 million. 
  • Advised National Petroleum Services on its acquisition of a strategic stake in a PRC oil well drilling and spare parts company.
  • Advised Singapore Power on the sale of 4 power stations in the PRC with a combined electricity generation capacity of about 450 MW.
  • Advised Singapore Power on the establishment and operation of Hefei Coal-fired Generation Company (first-stage: 700 MW capacity).
  • Advised South China Resources in acquiring copper and molybdenum mining rights and assets in Xi’an.
  • Advised an Indian entity on the Chinese law considerations for an arbitration involving the purchase of carbon black oil from a Chinese company.
  • Advised a PRC company on the establishment of a shale gas extraction technology Sino-foreign joint venture in China.
  • Advised a U.S. listed company on its proposed biomass farm joint venture and technology licensing arrangements in Hainan with a Sichuan provincial state-owned enterprise.
Inbound ‒ Financial Institutions
  • Advised the Bank of Tokyo-Mitsubishi on various financing facilities and security arrangements in the PRC.
  • Advised on the local bank incorporation of ANZ China, with a registered capital of RMB1 billion.
  • Advised ANZ Bank on its acquisition of a strategic stake in the Tianjin Rural Commercial Bank for US$120 million.
  • Advised ANZ Bank on its acquisition of a strategic stake in the Shanghai Rural Commercial Bank for US$263 million.
  • Advised Insurance Australia Group on its proposed pre-IPO acquisition of a strategic stake in China Pacific Property Insurance.
  • Advised Royal Sun Alliance on China insurance industry regulatory considerations and strategic reviews.
  • Advised Thomson Reuters on the China-aspect of the global sale of risk assets and businesses to VISTA.
Inbound ‒ Pharmaceutical
  • Advised a Canadian fund on the China-aspect of its proposed acquisition of a global medical device sterilization company with manufacturing facilities in the PRC for US$700 million.
  • Advised Covidien on establishing a research and development center in Shanghai, including the migration of corporate functions and the acquisition of building premises.
  • Advised Fresenius Kabi on its proposed acquisitions of several medical devices manufacturing and distribution businesses in the PRC, including the acquisition of Guangzhou COSCO Pharma. This transaction had to go through public biddings at the state-owned assets exchange centers in Shanghai and Guangzhou. 
  • Advised Novartis on the PRC merger control filing for its global US$4.5 billion merger with Chiron (the sixth successful filing in the PRC).
  • Advised Qidu Pharmaceutical on its proposed acquisition of an infusion solution manufacturer in the PRC from a Japanese Fortune 500 company.
  • Advised Schering Plough on the reorganization of its animal health business in the PRC.
  • Advised a US listed company on complex regulatory considerations on importation and distribution of medical devices in the PRC.
Inbound ‒ Real Estate
  • Advised Sun Kwan Real Estate on its acquisition of a group of companies onshore and offshore of the PRC from Hong Kong listed Tian An China Investments (a member of the Allied Group) for US$500 million. The target group owns 400,000 sqm of residential and commercial development land in Shanghai. The transaction constituted a major disposal by Tian An China Investments under Hong Kong listing rules. PRC asset acquisition financing was obtained.
  • Advised Cathay Life Insurance on its proposed acquisition of a group of companies with warehouse and logistics real estate assets in China.
  • Advised CDP Capital in acquiring a 50% interest in a property development project from Shanghai Forte.
  • Advised CEFC Corporation on its acquisition of a residential real estate portfolio in Shanghai for US$150 million, which constituted a “very substantial disposal” for one of the sellers under HKSE rules.
  • Advised Invesco on its proposed strategic investment in a residential development project in the PRC.
  • Advised a German fund on its proposed divestment of a wholly-owned commercial real estate company in the PRC.
  • Advised a client on the proposed divestment of hotel, theme park and golf course integrated real estate assets in the PRC.
  • Advised a U.S. investment bank on its divestment of its residential real estate portfolio in the PRC for US$300 million to a Hong Kong-listed company.
  • Advised Warburg Pincus on establishing e-Shang Logistics onshore and offshore of the PRC to develop warehouse and logistics assets in the PRC.  APG announced an acquisition of 20% of e-Shang Logistics for US$650 million in 2014.
  • Advised a leader in the US real estate investment and development sector on the sale of its residential and commercial real estate in Dalian, China for US$120 million.
  • Advised a Hong Kong-based real estate investment fund on its potential acquisition of a group of companies that ultimately own a hotel property in Shanghai from a HKSE-listed company.
  • Advised a Singapore-based real estate investment fund on the sale of a group of companies that owned residential real estate portfolio in Shanghai for US$120 million.
Inbound ‒ Other Sectors
  • Advised Ping An Securities on the potential acquisition of a NASDAQ-listed and Hong Kong-based securities and brokerage group of companies.
  • Advised an educational hardware provider on its proposed joint venture in the PRC with an affiliate of Tsinghua University.
  • Advised a FTSE-listed company on the reorganization of its food ingredient businesses in the PRC with a transaction value in excess of RMB2 billion.
  • Advised Nestle Water on its strategic acquisition of a PRC state-owned water production company.
  • Advised Spyker/SAAB on securing emergency funding from two PRC strategic investors, with the proposal of introducing SAAB automotive manufacturing into the PRC in joint venture with the PRC strategic investors.
  • Advised a U.S. company on the sale of its PRC and U.S. garment businesses to Li & Fung.
  • Advised a U.S. fund on its investment into Founder International.
  • Advised Tyco International on several acquisitions and a disposal of China-based construction and design companies in the fire and security sector.
  • Advised WPP on the PRC aspect of its acquisition of AKQA Holdings Inc from General Atlantic.
Outbound ‒ Energy, Infrastructure and Resources
  • Advised Sunridge Gold on the sale of its gold exploration assets in Eritrea by Sichuan Road & Bridge for US$65 million, together with an assumption of US$13 million of debts owed by the Eritrean National Mining Corporation.
  • Advised a PRC state-owned enterprise on its bidding for the equipment supply to Volvo’s proposed U.S. automotive production plant.
  • Advised a PRC-listed company on its proposed acquisition of the Asia Pacific businesses of General Cable for a value in excess of US$200 million.
  • Advised a PRC state-owned enterprise on its proposed acquisition of platinum mining operations in South Africa for US$60 million.
  • Advised a PRC state-owned enterprise on U.S. money transmission licensing and business expansion strategies.
  • Advised a PRC fund on:
    • the sale of a strategic stake of its gold production assets in Africa to a PRC-listed company;
    • its proposed acquisition of a tungsten producing business in South Korea; and
    • a reverse takeover of a Canadian-listed company through the injection its gold exploration assets in Zimbabwe.
  • Advised a PRC company on its proposed magnetite exploration and construction joint venture in Australia with a projected capital expenditure of A$800 million.
  • Advised a PRC company on:
    • acquiring a strategic stake in an ASX-listed company with potash assets in Africa, along with offtake arrangements;
    • establishing a gold exploration joint-venture in Kazakhstan;
    • the proposed joint development project of a high-grade gold mine with an ASX-listed Company in Papua New Guinea; and
    • the proposed private placement of shares of an ASX-listed shale gas company.
  • Advised a PRC company on three separate private placements in two ASX-listed resources companies.
  • Advised a PRC conglomerate on establishing a 42-square-kilometer industrial park in Indonesia.
Outbound ‒ Real Estate
  • Advised a PRC state-owned reinsurance company on investment into a real estate open-end fund incorporated in Delaware.
  • Advised a PRC fund on investing into the tallest residential property development in downtown Manhattan, New York.
  • Advised a PRC company on its acquisition of a Russian company with 270,000 hectares of forestry land located in Russia.
Outbound ‒ Other Sectors
  • Advised a PRC pharmaceutical company listed on the HKSE on a dispute with an Israeli company on drug clinical trials and import/distribution arrangements.
  • Advised Luye Pharma on its proposed acquisition of Acino, a German and Swiss medical technology and medical device company for EUR245 million.
  • Advised New Prospect Fund on its proposed establishment of Cayman and BVI joint ventures in establishing a Hong Kong fund manager with Hong Kong Securities and Futures Ordinance licenses.
  • Advised a PRC company on its proposed fund management joint venture in Delaware with a U.S. securities company.
International Projects and M&A Transactions
  • Advised on the Singapore gas market deregulation, including the drafting of Singapore network code, the onshore and cross-border gas transportation and licensing arrangements, the consolidation of ownership of gas pipeline assets and anti-trust concerns.
  • Advised on SembCorp Cogen’s project financing of S$460 million for the construction of its combined cycle power plant (815 MW of capacity).
  • Advised on the project financing of US$700 million by a SingTel subsidiary.
  • Advised on the first listed REIT in Singapore.
  • Advised on the US$16 billion merger between Meespierson and Fortis Bank.
  • Advised on the acquisition of TXU Australia by Singapore Power for A$5.1 billion.
  • Advised on the EPC and O&M arrangements of Ever Power IPP in Taiwan.
  • Advised on Temasek’s sale of PowerSeraya, PowerSenoko and TuasPower for US$1 billion each.
  • Advised on the US$9 billion merger between DBS Land and Pidemco Land to form CapitaLand.
  • Advised on the sale of condominiums by Prudential in the Philippines.