Hong Cheong Wong

Of Counsel | Singapore

hwong@mofo.com | 65 69222017

hwong@mofo.com
65 69222017

Hong Cheong is of counsel in the Finance and Projects Group of Morrison & Foerster, based in the Singapore office. He has extensive experience on advising private equity sponsors, corporations, financial advisers, credit funds and banks on domestic and multi-jurisdictional finance matters and specializes in acquisition and leveraged finance, public to private takeovers, syndicated and bilateral lending, margin financing and subscription line financing.

Hong Cheong is a member of the Fund Finance Association’s Diversity in Fund Finance (Asia) Committee, which is focused on promoting education, opportunity, action, and affinity in the fund finance industry in Asia.

Prior to joining Morrison & Foerster, Hong Cheong worked at the London and Hong Kong offices of international law firms. He is fluent in English and Mandarin.

Representative Experience

  • GLP on the financing of its acquisition of a 50% stake in China Merchants Capital, China Merchants Group’s private equity investment vehicle.
  • GLP on a US$658 million sustainability linked syndicated loan facility.
  • Ascendant Capital Partners in its US$150 million investment in Best Assistant Education Online Limited, an education business subsidiary of NetDragon Websoft Holdings Limited.
  • Mezzanine lenders in an acquisition financing for Bain Capital Private Equity’s privatisation of Kirindo Holdings Co., Ltd., a Japanese pharmacy chain store operator listed on the Tokyo Stock Exchange.
  • Mezzanine lenders in an acquisition financing for an international private equity sponsor, in connection with the acquisition of a majority stake in Shiseido’s personal care division.
  • A PRC asset manager on a multi-billion RMB restructuring of onshore and offshore indebtedness of group members of a Hong Kong listed company.
  • Lenders and private equity funds in relation to various margin loans, subscription lines and borrowing base facilities.*
  • A consortium led by Hillhouse Capital, HOPU Investment Management, Global Logistic Properties Limited (GLP) founder Ming Mei’s SMG, Bank of China Group Investment and China Vanke Co. on its US$11.7 billion acquisition of GLP, the largest private equity buy-out in Asia (ex. Japan) to date.*
  • China Grand Automotive Services Co. Ltd. (SSE: 600297) and its subsidiaries on a US$358 million syndicated term loan facility (with a green shoe option up to US$422 million) for general corporate and refinancing purposes.*
  • Grand Baoxin Auto Group Limited (HKSE: 1293) on its US$763.4 million syndicated term loan facility (with a green shoe option up to US$86.6 million) in connection with the refinancing of a term loan facility.*

*Includes work performed at prior firms

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