Wanqing's areas of practice include banking and finance, and commercial work involving acquisitions and joint ventures.
In the course of her practice, Wanqing has advised local and offshore banks, borrowers, investors, business enterprises and financial institutions in a variety of local and cross-border finance transactions, including those involving British Virgin Islands, Cayman Islands, German, Hong Kong, PRC, Indonesian and Malaysian elements.
Wanqing has handled numerous transactions involving acquisition financing, project financing, bilateral and syndicated lending, asset-backed financing, share financing, trade financing, pre-export financing to support the import and/or production and export of commodities, asset securitisation and sub-participations. She has acted for clients in debt restructuring matters, bond issuances and other structured finance transactions, and is familiar with a wide range of financing, debt restructuring and related financing documents. Wanqing also advises clients on banking and other financial laws and regulations.
Wanqing's experience in commercial work extends to advising and assisting clients in joint venture transactions, share sale and acquisitions, drafting and negotiation of shareholders' and subscription agreements, joint venture agreements, sale and purchase agreements, put and call option agreements and escrow agreements.
- PT Delta Dunia Makmur: Acting in its leveraged buyout, together with Northstar Pacific Partners, of PT Bukit Makmur Mandiri Utama (BUMA), Indonesia's second largest mining contractor. The purchase was financed in part by a private placement of Delta shares by Northstar. The deal involved a separate US$350 million purchase of Delta shares by Northstar. It was named "Asia 2010 M&A Deal of the Year" by the International Financial Law Review.
- Raiffeisen Zentralbank Oesterreich, now known as Raiffeisen Bank International, Singapore Branch: Acting in S$800 million loan to Lippo Bank for the acquisition of shares in Overseas Union Enterprise Ltd.
- Local branch of an offshore bank: Acting in the refinancing of a S$650 million syndicated loan facility, secured by a charge over shares in the borrower's subsidiary listed in Singapore.
- Singapore branch of an offshore banks: Acting in US$160 million project financing of a theme park in the People's Republic of China.
- Singapore branch of an offshore banks: Acting in restructuring of a S$140 million secured loan for a theme park in Singapore.
- Syndicate of banks: Acting in US$80 million project financing of an oil storage facility on Jurong Island, Singapore.
- Singapore branch of an offshore banks: Acting in US$410 million acquisition financing for the shares of a listed Singapore company.
- Singapore branch of an offshore banks: Acting in US$50 million pre-export financing to support the import and/or production and export of sugar in Indonesia.
- Singapore branch of an offshore bank: Acting in the grant of a S$52 million facility to a listed Singapore company to finance its acquisition of a deli chain in Hong Kong, Malaysia, Thailand, Shanghai.
- Indonesian private limited company: Acting as Singapore counsel and taking the lead in writing the private placement memorandum for the US$300 million Regulation S issue of secured bonds via a Singapore special purpose vehicle, exchangeable into shares of the Indonesian company. The Indonesian company is a dominant power and industrial plant contractor in Indonesia with operations that include the provision of engineering, procurement and construction services and undertaking independent power production.
- Listed Indonesian company: Acting as Singapore counsel in its US$200 million Regulation S issue of secured bonds which are exchangeable into shares, via a Singapore special purpose vehicle. The Indonesian listed company is one of the world's largest vertically integrated shrimp producers and processors, as well as Indonesia's largest producer of shrimp, shrimp fry, shrimp feed and fish feed.
- Indonesian listed company: Acting as Singapore counsel in its US$325 million issue of senior secured notes through an affiliated operating company in Singapore. The notes are guaranteed by the Indonesian listed company and four of its subsidiaries, all of which are Indonesian private limited companies. The notes were designated for trading in the SGX-ST and the National Association of Securities Dealers Inc's PORTAL Market.
- PT Darma Henwa Tbk: Acting in the year-long restructuring of its US$205 million project loan with a syndicate of 14 banks.
- Singapore branch of an offshore bank: Acting in its enforcement of security and implementation of a receivership over a borrower project company pursuant to the company's default under its US$160 million project financing for a theme park in the People's Republic of China.
- Listed Indonesian company: Acting in the repayment of its US$205 million loan to a syndicate of 14 banks via the sale of certain shares secured to the syndicate, and in particular, advising the borrower on the escrow arrangement between the borrower's lenders, the borrower, the escrow agent, the buyer of the secured shares and the buyer's lenders for the release of funds for repayment against transfer of sale shares. Also advised the borrower in its capacity as seller of the secured shares, on the sale and purchase agreements.
- Author, "Performance Bonds And Unconscionability: A Note On Cases After BS Mount Sophia", Rodyk Reporter - Business Bulletin, June 2014
Activities and Affiliations
- Member, The Law Society of Singapore
- Member, Singapore Academy of Law
Prior and Present Employment
- Partner - Dentons Rodyk (formerly Rodyk & Davidson LLP) (2008 - present)