Kathleen Liu

Associate

+852 2151 5191

kathleenliu@tongshang.com


Kathleen Liu is an associate of Eric Chow & Co. in association with Commerce and Finance Law Offices.

Kathleen’s practice focuses on corporate finance transactions including initial public offerings, merger and acquisitions and compliance matters relate to listed companies. Kathleen advises clients across a range of industries, and has a particular focus on healthcare, education real estate sectors.

  • Work Experience
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Merger and acquisitions

  • China Gate Investments Limited, an indirect subsidiary of Shougang Group, in the acquisition of the 728 million shares, approximately 10% of the total issued shares of Shoucheng Holdings Limited (HKEx: 0697) for HK$1.1 billion.
  • International Alliance Financial Leasing (HKEx: 1563) in an acquisition of 70.00% of interests in Yantai Nanshan University, from Nanshan Holdings Co., Ltd. for a consideration of RMB 566 million, which constitutes an Extreme Transaction and a connected transaction under the Hong Kong Listing Rules.
  • COSCO SHIPPING Holdings Co., Ltd. (HKEx: 1919) in connection with its major and connected transaction of 74 vessels leasing at approximately US$461 million. This transaction regarded as a major transaction. This deal is recognised as "Deal of the Year: Shipping category" by China Business Law Journal 2022.
  • Edvantage Group Holdings Limited (HKEx: 0382) in its acquisition of the entire equity interest in Guangdong Sun City Industrial Co., Ltd., which in turn wholly owns Guangdong Huashang Technical School, for a consideration of RMB150 million. The acquisition constitutes a connected transaction under the Hong Kong Listing Rules, and structured contracts have been entered into for effective control and enjoyment of the economic benefits generated. Guangdong Huashang Technical School is a private school in the PRC, which is principally engaged in the provision of secondary vocational training services.
  • Edvantage Group Holdings Limitedon (HKEx: 0382) in its RMB 750 million acquisition of 51% equity interest in Sichuan New Concept Education Investment Co., Ltd and Chengdu Yude Logistics Management Co., Ltd.,  which constitutes a Connected Transaction under the Hong Kong Listing Rules. This deal is recognised as "Deal of the Year: Education category" by China Business Law Journal 2022.
  • Hubei Port (Hong Kong) International Limited in the HK$1.98 billion acquisition of 74.81% of the total issued share capital of China Infrastructure & Logistics Group Ltd. (HKEx: 1719). The acquisition triggered an unconditional mandatory cash offer (the “Offer”) under the Hong Kong Takeovers Code and it involved a HK$200 million financing arrangement.
  • Tomorrow Education Technology Limited in an acquisition of approximately 75% of the issued shares in CTEH INC. (HKEx: 1620), a listed company of the Main Board of the Hong Kong Stock Exchange, for a consideration of HK$273 million, which triggered the requirement to make a mandatory unconditional general offer (the “General Offer”) under the Hong Kong Takeovers Code.
  • Ourgame International Holdings Limited (HKEx: 6899), through its non-wholly owned subsidiary, Allied Esports Entertainment Inc. (NASDAQ: AESE) (“AESE”), in the disposal of its entire poker-related business, commonly known as the World Poker Tour®, to Element Partners, LLC (the "Disposal") for a consideration of US$105 million, and it constitutes a very substantial disposal for the Company under Chapter 14 of the Listing Rules.

Banking and finance

  • Hubei Port (Hong Kong) International Limited in its financing arrangement with China Merchants Bank Co., Ltd. relating to up to HKD2,000,000,000 term loan facilities.
  • Tomorrow Education Technology Limited in its financing arrangement with CCB International Securities Limited relating to up to HK$180,000,000 term loan facilities.

Compliance

  • Various listed companies including Sinco Pharmaceuticals Holdings Limited (HKEx: 6833.HK), Cinese International Group Holdings Limited (formerly known as CTEH Inc.) (HKEx: 1620) and Sansheng Holdings (Group) Co. Ltd. (HKEx: 2183) as their annual retained legal counsels on their compliance with the Hong Kong Listing Rules.
University of Hong Kong, 2017, LL.B
The Chinese University of Hong Kong, 2019, PCLL
English, Mandarin, Cantonese