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 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
• 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 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