Tsz Chun (Stewart) Lai

Stewart’s experience includes advising:

• The initial purchasers on the offering of US$1.5 billion in aggregate principal amount of 0.925% convertible senior notes due 2031 by ZTO Express (Cayman) Inc., a leading and fast-growing express delivery company in China
• Fractal Analytics Inc on its US$314 million IPO listed on BSE and NSE. This transaction is India’s first AI IPO
• Maynilad Water Services on its PHP 30 billion IPO listed on the PSE. This transaction was awarded Asia-Pacific Water Deal of the Year IJGlobal Awards 2025, Best IPO (Philippines) at The Asset Triple A Awards for Sustainable Finance 2026, and ESG Deal of the Year at the IFR Asia Awards 2025
• The underwriters on WeRide’s HK$2.4 billion initial public offering and dual primary listing on The Stock Exchange of Hong Kong. This is the first dual primary listed 18C Specialist Technology Company with a weighted voting right structure on the SEHK
• 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. This transaction was awarded Equity Capital Markets Deal of the Year by China Business Law Journal’s Deals of the Year Awards 2025
• 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 joint lead managers on the issuance of US$550 million equity-linked securities due 2032 by MINISO Group. This transaction was awarded Innovative Lawyers in Unlocking Capital at the Financial Times Asia-Pacific Innovative Lawyers Awards 2026, and Most Innovative Deal: China – Offshore at the FinanceAsia Achievement Awards 2025
• 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 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 centre 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