Frank Sun is recommended for both Private Equity and M&A. For “major deals” Frank Sun is “very commercial” and “smart”, and he has “a good understanding of the business culture and environment in China.” The Legal 500 Asia-Pacific 2016

Qiuning (Frank) Sun

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

Frank Sun, a partner in the Hong Kong office of Latham & Watkins and a member of the Corporate Department, specializes in private equity investment and public and private M&A transactions. Mr. Sun regularly advises private equity funds and corporate clients in private equity investments, cross-border acquisitions, PIPEs, privatizations and a wide range of other complex M&A transactions.

A native Mandarin speaker focusing on multijurisdictional work, Mr. Sun has practiced law in London, Beijing, New York and Hong Kong. Prior to joining Latham, he had been a Hong Kong-based partner of another major international law firm since 2012.


Mr. Sun's recent experience includes advising:

  • Carlyle Asia Partners on the sale of its controlling stake in Crystal Orange Hotel Holdings, a boutique hotel operator in China 
  • Orix Asia Capital in connection with the subscription of new shares and warrants issued by Hong Kong-listed United Photovoltaics Group Limited, which is seeking to raise equity and debt financing to redeem a certain portion of its outstanding convertible bonds
  • CITIC Capital Partners on its sale of a controlling stake in King Koil Shanghai Sleep System Co., Ltd to Advent International. King Koil China is a manufacturer and retailer of premium mattresses in China
  • Bain Capital, in its acquisition of a controlling interest in Asia Pacific Medical Group, a leading private hospital group, which provides a range of primary care and specialty services through a portfolio of hospitals and clinics in the PRC and other parts of Southeast Asia*
  • CITIC Capital in the acquisition of a minority interest in City Football Group Limited, owner of the Manchester City Football Club*
  • ORG Packaging Co. Ltd (SHE: 002701) in its acquisition of a 27% interest in CPMC Holdings Limited (HKSE:906) from COFCO Corporation for a total consideration of HK$1.6 billion (approximately US$205 million)*
  • The special committee of NASDAQ-listed eLong in connection with its acquisition by a consortium that includes affiliates of Tencent Holdings Limited, Ctrip.com and certain other existing shareholders of eLong*
  • The special financing committee of NASDAQ-listed Sohu.com in connection with its evaluation of an investment proposal from Dr. Charles Zhang, Sohu.com’s chairman and chief executive officer*
  • Xinren Aluminum Holdings Limited (SGX: MN5), in its US$600 million structured financing composed of international syndicate loan facilities, secured convertible bonds and warrants*
  • The Carlyle Group, in its investment in Beijing Ubox Technology & Trade Co., Ltd, a leading vending machine operator in China*
  • China Traditional Chinese Medicine Co. Limited (HKSE: 570) in its two “very substantial acquisitions” regulated by the Hong Kong Listing Rules and the related equity and debt financing transactions:
        - The US$1.43 billion acquisition of a 87.30% stake in Jiangyin Tianjiang Pharmaceutical Co. Ltd., the largest manufacturer of concentrated traditional Chinese medicine granules in China, from eight sellers, partly financed by HK$8.2 billion share subscriptions by certain existing shareholders and 26 institutional investors*
        - The US$430 million acquisition of Tongjitang Chinese Medicine Company from Hanmax Investment Limited and Fosun Industrial Co., Limited*
  • Qihoo 360 Technology Co. Ltd. (NYSE: QIHU), a leading Internet company in China, in forming a strategic partnership with Hong Kong-listed Coolpad Group Limited (HKSE: 2369), a leading smartphone company in China*
  • CITIC Securities International Company Limited, in its investment in China Huarong Asset Management Co. Ltd as part of a USD 2.35 billion pre-IPO placement by China Huarong to strategic investors*
  • Vipshop Holdings Limited (NYSE: VIPS), China's leading discount online retailer for brands, in its US$132.5 million acquisition of a 75% equity interest in Lefeng.com Limited, an online retailer of cosmetics and fashion products, and its US$55.8 million acquisition of a 23% equity interest in China-based cosmetics producer Ovation Entertainment Limited*
  • Ontario Teachers' Pension Plan in its US$175 million pre-IPO acquisition of a minority interest in a Chinese healthcare company through a subscription and purchase of shares*

* Matter handled prior to joining the firm

 
 
 
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