Daying Zhang

Hong Kong
  • 18th Floor, One Exchange Square
  • 8 Connaught Place, Central
  • Hong Kong
 
 

Daying Zhang is a partner in the Hong Kong office of Latham & Watkins.

Ms. Zhang focuses on corporate and securities law matters, including US registered equity and debt offerings, Rule 144A/Regulation S equity and debt offerings, and public offerings on the Hong Kong Stock Exchange. She has worked extensively in both China and the US, advising a wide range of issuers and underwriters, particularly in the media, technology, financial, and energy sectors. She advises clients in both capital markets transactions and corporate governance and regulatory matters. She also has experience in US securities, anti-trust and commercial litigations, and corporate internal investigations and compliance matters.

Ms. Zhang's representative experience includes advising:

Capital Markets – IPO

  • The underwriters on the US$100 million initial public offering of American depositary shares on the NASDAQ of Futu Holdings, an online brokerage platform.  
  • The underwriters on the US$207 million initial public offering and listing on the New York Stock Exchange of HUYA Inc., a leading Chinese game-streaming platform.*
  • The underwriters on the US$110 million initial public offering and listing on the New York Stock Exchange of Huami Corporation, a leading smart wearables company based in Beijing.*
  • The underwriters on the US$166 million initial public offering and listing on the New York Stock Exchange of RYB Education, Inc., a leading Chinese pre-school education company.*
  • Sea Limited, the leading ‎internet company in Southeast Asia, on its US$884.5 million initial public offering and listing on the New York Stock Exchange.*
  • The underwriters on the US$1.4 billion initial public offering of American depositary shares and listing on the New York Stock Exchange of ZTO Express (Cayman) Inc., a leading express delivery company in China.*
  • The underwriters on the US$101 million initial public offering of American depositary shares on NASDAQ of Yintech Investment Holdings Limited, a leading online provider of spot commodity trading services in China.*
  • Sky Solar Holdings, Ltd. on its US$44.2 million initial public offering of American depositary shares on the NASDAQ.*
  • iKang Healthcare Group, Inc. on its US$152.7 million initial public offering of American depositary shares on the NASDAQ.*
  • Agricultural Bank of China on its initial public offering on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S, with a concurrent offering of A shares listed on the Shanghai Stock Exchange. The IPO, with total proceeds of US$22.1 billion following the exercise of over-allotment options, is the largest IPO ever at the time of offering.*
  • China Cinda Asset Management Company on its initial public offering on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S.*

Capital Markets – Debt

  • Deutsche Bank, UBS, Morgan Stanley, BOCI, and Haitong Securities as underwriters on Minmetals Land Ltd.'s issuance of US$200 million 7% senior guaranteed perpetual capital securities.
  • China Grand Automotive Services Co., Ltd. on its issuance of US$400 million of senior perpetual securities.*
  • The joint bookrunners and joint lead managers on the issuance of US$160 million 6.75% Senior Notes by China Singyes Solar Technologies Holdings Limited, a Hong Kong-listed renewable energy solution provider and building contractor company in China.*
  • Haitong International Securities Company Limited on its investment in up to an aggregate amount of US$150 million in certain senior secured notes issuable by a Cayman issuer.*
  • China Grand Automotive Services Co., Ltd., the leading passenger vehicle dealership and automobile services group and the leading passenger vehicle finance leasing provider in China, on its issuance of US$400 million of senior perpetual securities.*
  • Shenzhen Expressway Company Limited, a Hong Kong listed company, on its issuance of US$300 million of 2.875% investment grade bonds due 2021 listed on the Hong Kong Stock Exchange.*
  • Hydoo International Holding Limited, a Hong Kong listed commercial property development company which focuses on the development and operation of large trade and logistics projects in cities across China, on its issuance of US$100 millon of 13.75% Senior Notes due 2018.*
  • CNPC on its Rule 144A and Regulation S offerings of US$750 million guaranteed senior floating rate notes due 2017 and US$750 million guaranteed senior notes due 2019.*
  • The joint book-running managers on a Rule 144A and Regulation S offering of high yield notes by MIE Holdings Corporation.*
  • The joint book-running managers on a Rule 144A and Regulation S offering of convertible notes by TAL Education Group.*

Litigations, Investigations, and Compliance Matters

Ms. Zhang has also represented US listed Chinese companies and multinational companies in their US securities, anti-trust and commercial litigations, internal investigations, and compliance programs.

*Matter handled prior to joining Latham

 
 
 
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