Tsz Chun (Stewart) Lai

Stewart’s experience includes advising:

• Zijin Gold International, a global leading gold mining group, on its HK$25 billion initial public offering on The Stock Exchange of Hong Kong. This is one of the largest IPOs globally in 2025 and on the SEHK in recent years
• The underwriters on the US$1 billion equity offering of NIO
• The underwriters on the HK$2.7 billion initial public offering of Geekplus, a leading global autonomous mobile robot company, on The Stock Exchange of Hong Kong
• The initial purchasers on GDS’ US$550 million convertible senior notes offering, US$147 million registered offering of borrowed equity for concurrent hedging, and US$146.5 million registered follow-on public offering
• The initial purchasers on the offering of US$960 million in aggregate principal amount of 0.50% convertible senior notes due 2030 by Qifu Technology
• The underwriters on the offering of US$2 billion in aggregate principal amount of zero-coupon exchangeable bonds due 2032 by Baidu, a leading AI company in China, whose bonds reference ordinary shares of Trip.com Group Limited that are listed on The Stock Exchange of Hong Kong
• The joint lead managers on the issuance of US$550 million equity-linked securities due 2032 by MINISO Group
• The underwriters on the offering of €1.5 billion convertible bonds due 2029 by a leading sports apparel company in China
• The underwriters on the HK$333 million initial public offering of Baiwang, a Chinese enterprise digitalization solutions provider, on The Stock Exchange of Hong Kong
• The initial purchasers on the issuance of US$1.5 billion convertible senior notes due 2029 by Trip.com
• The underwriters on the issuance of US$5 billion 0.50% convertible senior notes due 2031 by Alibaba. This transaction was awarded Debt Capital Markets Deal of the Year by China Business Law Journal's Deals of the Year Awards 2024, Structured Equity Issue of the Year at the IFR Asia Awards 2024, and Best Equity Deal: China-Offshore/APAC where it was also recognized as a Highly Commended transaction in the Equity Deal: Hong Kong and Innovative Deals: China-Offshore categories at the FinanceAsia Achievement Awards 2024
• The initial purchasers on the offering of US$575 million convertible senior notes due 2029 and US$575 million Convertible Senior Notes due 2030 by NIO, a pioneer in China’s premium smart electric vehicle market. This transaction was awarded Debt & Equity-linked Deal of the Year at the IFLR Asia-Pacific Awards 2024, and Debt Capital Markets Deal of the Year by China Business Law Journal's Deals of the Year Awards 2023
• The underwriters on the HK$11.3 billion initial public offering of Blue Moon Group Holdings Limited, a leading consumer-centric household care company in China, on The Stock Exchange of Hong Kong*
• The bookrunners on the US$323 million follow-on offering of 21Vianet Group Inc., a leading high performance carrier-neutral data center solution provider in China, on NASDAQ*
• Sisram Medical Ltd on its HK$620 million placing on The Stock Exchange of Hong Kong*
• Wharf Real Estate Investment Company Limited on its spinoff from Wharf Holdings Limited and separate listing on The Stock Exchange of Hong Kong by way of introduction*
• S.A.I. Leisure Group, a Saipan and Guan hospitality operator, on its HK$320 million initial public offering on The Stock Exchange of Hong Kong*
• China Power Clean Energy Development Company Limited on its delisting from The Stock Exchange of Hong Kong by way of scheme of arrangement with a transaction value of HK$4.8 billion*
• Hong Kong Aircraft Engineering Company Limited on its privatization by Swire Pacific Limited from The Stock Exchange of Hong Kong by way of scheme of arrangement with a transaction value of HK$3.0 billion*

*Matter handled prior to joining Latham