Yi Wang

Head of Beijing
Norton Rose Fulbright LLP

Yi Wang

Yi Wang

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Biography

Yi Wang is a corporate partner who heads our Beijing office. Her practice focuses on cross-border mergers and acquisitions transactions.

Yi Wang's experience extends across a broad array of sectors, including mining, energy, life sciences and healthcare, food and agribusiness, financial institutions and transport industries. During the past twenty years of her practice, she not only advised international clients on doing business in China, but also assisted large Chinese state-owned enterprises and private companies with expansion in international markets under China's 'going global' policy.

Yi Wang received her LLB from the China University of Politics and Law in 1994 and was admitted by the All China Lawyers' Association in 1995. She joined Norton Rose Fulbright in 2001 and became a partner in 2009. She was named in the ALB China 2017 Top Female Lawyers.

Yi Wang writes, reads and speaks English fluently.


Professional experience

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LLB, the China University of Politics and Law, 1994

  • China 1995

Outbound M&A and corporate experience

For Chinese companies, advising:

  • A Chinese State-owned bank on forming a joint venture in Singapore with a number of leading industry players, financiers and technology companies to establish an Asia-Pacific energy and petrochemical blockchain platform to serve upstream and downstream industry chain and supply chain players.
  • national oil company on the disposal of certain assets in an African country.
  • A sovereign wealth fund on the acquisition of a minority interest in an iron ore mine and smelting facilities in South Africa.
  • A Chinese State-owned fund on acquiring a minority interest in an iron ore mine in Sierra Leone.
  • Shandong Gold Group on acquiring a 50% interest in Veladero gold mine in Argentina from Barrick Gold.
  • Chinese State-owned steel company on acquiring processing assets, distribution and service network in various European countries.
  • Chinese State-owned mining company on acquiring a majority interest in a gold mine in Kazakhstan.
  • Chinese private investment company on setting up a joint venture bank in Republic of Laos.
  • Chinese State-owned company on acquiring a minority interest in a potash deposit in Belarus.
  • Chinese private equity fund on acquiring a minority stake in a polymetallic deposit in Russia.
  • Chinese private investment company on the acquisition of a majority interest in a biotechnology company in Belgium.
  • Chinese private company on the incorporation of a joint venture with a Kazakhstani partner and participation into a public tendering process launched by the Kazakhstani government to acquire mining assets in Kazakhstan.
  • Chinese State-owned company on acquiring a 100% interest in a 28MW wind farm in Spain.
  • Chinese State-owned company on the takeover of a TSX-listed mining company.
  • China Development Bank Corporation on a new global strategic cooperation agreement with Barclays.
  • A Chinese private equity fund on the acquisition of a majority interest in a Chinese controlled company holding an iron ore mine licence in Tanzania.
  • A Chinese State-owned company on the acquisition of a minority stake in three TSX-listed mining companies in order to acquire an interest in a coal mine, a gold mine and a rare earth mine in Canada.
  • Evergreen Industries (Holding) Group on: 
    (a) the takeover of MagIndustries Corporation, a TSX-listed company owning Mengo potash mine project in the Republic of Congo and post acquisition issues;
    (b) an engineering design service contract for MagIndustries Corporation with a Chinese state-owned engineering design institute in relation to providing engineering design services for construction of Mengo potash mine; and
    (c) the acquisition of a majority interest in an LSE-listed company holding an iron ore mine in Brazil by way of subscription of issued new shares and purchase of shares and warrants from existing shareholders, and the relevant off-take arrangements.
  • Chinese private investment company on establishing a joint venture in Hong Kong with the UK's largest waste-to-power company, for the purpose of undertaking waste-to-energy projects by way of BOT in China.
  • Chinese PE fund on the acquisition of 100% of a BVI incorporated company in order to acquire a 60% interest in a Kyrgyzstani company holding two gold mine licences in Kazakhstan.
  • Ausnutria Dairy Corporation Ltd (a HK listed Chinese company) on the acquisition of a 51% interest in the issued share capital of Hyproca Holding BV (a Dutch company) by way of a purchase of shares from existing shareholders and a subscription of new shares issued by the company.
  • China-Africa Development Fund and Zijin Mining Group Co Ltd on the acquisition from Copperbelt Mineral Limited of its 100%-owned subsidiary Platmin Congo BVI Limited, which owns two copper mining projects in the Democratic Republic of Congo.
  • Sinopec International Petroleum Exploration and Production Corporation, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), in connection with the bidding process for a 40% interest in the Peregrino Field offshore Brazil from Statoil ASA, a Norwegian energy company dual listed on NYSE and OSE.
  • China Non-ferrous Metals International Mining Co Ltd, a subsidiary of China Nonferrous Metal Mining (Group) Co Ltd, on:
    (a) the acquisition of a 19.9% interest in the issued share capital of Chaarat Gold Holdings Ltd, an AIM-listed company holding gold mine exploration licences in Kyrgyzstan Republic; and
    (b) the acquisition of a 29.9% interest in the issued share capital of Kryso Resources Plc, an AIM-listed company holding gold mine exploration licences in Tajikistan.
  • China Development Bank on a subscription of Barclays plc's new ordinary shares in 2007 and further investment in Barclays plc in 2008

Foreign companies, advising:

  • Jonah Capital on selling a majority interest in an iron ore mine in Libya.
  • transport company on various joint venture projects outside China with Chinese partners.
  • Rio Tinto London Limited, together with Anglo American, on the sale of a 74.5% interest in Palabora Mining Company to a Chinese consortium formed by the state-owned Hebei Iron & Steel Group Co. Ltd. and Tewoo Group Co. Limited, the Hong Kong incorporated General Nice Development Limited, and the South Africa government-owned investment arm Industrial Development Corporation of South Africa Limited.
  • Swakop Uranium (Pty) Ltd, a subsidiary of China Guangdong Nuclear Power Company Uranium Resources Co., Ltd., on the EPCM contract with AMEC for construction and management of the Husab uranium mine in Namibia.
  • Nautilus Minerals on an offtake and tolling agreement (the world's first deep sea mining ore sales agreement) with Tongling Nonferrous Metals for iron ore extracted from its Solwara 1 copper and gold deposit, located on the ocean floor off the coast of Papua New Guinea.
  • South Africa State-owned company on setting up a joint venture with a Beijing based automotive company to manufacture minibuses for South Africa's black economy, and building up an automotive industrial park in South Africa.
  • Banro Corporation on the incorporation of a 50-50 joint venture with a Chinese state-owned gold company to develop gold mine in the Democratic Republic of Congo.
  • Geovic Mining Corporation on the sale of a majority interest in a molybdenum/copper mine in Cameroon to a Chinese state-owned mining company.

Outbound banking experience

Chinese lenders, advising:

  • China Development Bank on a US$ loan facility to Moly Mines Limited (an Australian incorporated company dual-listed on TSX and ASX and 51% owned by a Chinese private mining company) to fund its development of the Spinifex Ridge Molybdenum/Copper mine in Western Australia.
  • Standard Bank and Industrial & Commercial Bank of China as coordinating arranger of a syndicate formed by Chinese banks on a proposed US$ loan facility comprising an export credit facility and a commercial facility to be made available to Fortescue Metals Group Limited and/or its subsidiaries.
  • China Development Bank (CDB) on a Euro financing of 80MW of solar to be developed by LDK Solar Company Limited in various European countries, including Italy, Germany, France and Spain, CDB's first foray into solar in Europe; on a US$ bridge loan to GNPC, secured by CNOOC, to finance its acquisition of Kosmo's interest in the Jubilee oil field in Ghana; on a number of bilateral loan facilities to local banks in Latin America and Caribbean Region to finance projects in mining, infrastructure, agriculture and other sectors; and on a US$ loan facility to Banco de Chile, the second biggest banking group of Chile. This transaction is the first of its kind to be signed by a Chinese bank with a Chilean financial institution.

Foreign lenders, advising:

  • Joint Stock Company 'Development Bank of Kazakhstan' on a US$ bilateral loan from the Export-Import Bank of China to be used for financing and/or refinancing the mining and infrastructure projects in Kazakhstan with Chinese participation.
  • Joint Stock Company 'Sovereign Wealth Fund Samruk Kazyna' of Kazakhstan on a US$ bilateral loan from China Development Bank which will be used for financing the Bozshakol copper mine owned by Kazakhmys PLC.
  • Petroleo Brasiliero SA on negotiations with China Development Bank for a US$ bilateral loan to support Petrobras to develop oil fields and sell crude oil to Sinopec's subsidiary Unipec (Asia) Limited, known as one of the China's 'oil for loan' projects.

Inbound FDI and M&A experience, advising:

  • A US headquartered technology company on the China aspects of the outright acquisition of shares in:
    (a) a global content production company which has a digital production hub set up in Shenzhen, China, and assisting the client with the post merger integration in China; 
    (b) a global company which is seeking to increase customer sales growth by using virtual technology, including artificial intelligence technology and machine learning capabilities, and assisting the client with the post merger integration in China;
  • A US headquartered leading cybersecurity company on establishing a wholly owed subsidiary in Shanghai and two branch offices in Beijing and Guangzhou, China;
  • European financial institution on forming and holding a 51% interest in a joint venture bank in China with a Chinese financial institution;
  • Canadian distribution company to restructure its business in China, including its representative office, wholly-owned subsidiary and other operations;
  • TSX-listed company on the acquisition of a WFOE, a joint venture and a domestic Chinese company focused on aviation and airport management technologies as a part of global acquisition;
  • US company on the acquisition of a WFOE as part of a global acquisition;
  • Canadian nutrition company on risk management and compliance issues under Chinese law after it was acquired by a Shenzhen listed food company;
  • transport company on a joint venture project in China with Chinese partners;
  • Canadian corporation on a joint venture project in Beijing with a Chinese state-owned shipping company to manufacture maritime navigation systems and assisting with the approval and registration process;
  • leading Chinese seed company on a joint venture project with a leading US seed group to jointly develop hybrid crop seeds business in China and the Asia Pacific region;
  • US corporation on the disposal of certain assets in different jurisdictions, including a joint venture in Suzhou;
  • Royal Bank of Canada Capital Markets on establishment of its wholly owned subsidiary in Beijing and ongoing legal issues in relation to its cross border business;
  • UK asset management company on establishment of a fund management joint venture in Beijing with a Chinese commercial bank;
  • Limagrain Agro-Industrie, a world leader in the seed industry, on:
    (a) the acquisition of a 45% stake in a Chinese seed company; 
    (b) the acquisition of a stake in the controlling shareholder of Longping Agricultural High-Tech Co., Ltd., the largest PRC seed company listed on the Shenzhen Stock Exchange; 
    (c) establishing an R&D joint venture in Shanxi with a State-owned see company;
  • Linde & Wiemann GmbH KG on the establishment of an equity joint venture company with Changchun Engley Tooling Manufacturing Co., Ltd. in China to manufacture automotive spare parts, and on the acquisition of a minor stake in Engley;
  • Crossley Holdings (Pty) Ltd. on establishing a high-end carpet manufacturing joint venture with Weihai Kunpeng Carpets Co., Ltd. in Weihai;
  • Avio S.p.A on establishment of two joint ventures in Harbin and Xi'an with subsidiaries of Aviation Industry Corporation of China (AVIC) to manufacture and supply aviation spare parts and equipment for China's C919 and C313 projects;
  • Aricom plc on the establishment of a joint venture with Aluminium Corporation of China (Chinalco) to produce titanium products in China;
  • Matsushita Electric Industrial Co., Ltd. (the company which manufactures Panasonic and National branded products) on its partnership negotiations/contracts with the Beijing Organising Committee for the Games of the XXIX Olympiads in 2008 in Beijing;
  • General Cable on the acquisition of the wire and cable assets of Phelps Dodge International Corporation, a global supplier of wire and cable products operating in 19 countries including China;
  • Pernod Ricard, the world's second largest producer of wines and spirits, on: 
    (a) acquisition of a stake in Helanshan vineyards and winery (one of the most popular wine brands across China) in Ningxia, China; and
    (b) acquisition of Vin & Sprit, the global leader in the premium vodka category and the owner of the Absolut brand products worldwide including China;
  • Sagem Communication and Sagem Defense and Security, subsidiaries of Safran Group, on setting up and restructuring their mobile, fax machines, information industrial products and smart card business in different cities in China;
  • Arcelor on the establishment with Nippon Steel and Baosteel Group of a steel manufacturing joint venture in Shanghai and the acquisition of PRC state-owned assets in China;
  • Alstom group member companies on:
    (a) a bid (against Siemens and Shinkansen) submitted to the Ministry of Railway of China to manufacture and sell high-speed EMUs and locomotives, as well as licencing related technologies to Chinese railway manufacturers;
    (b) establishment of a holding company in Beijing and restructuring the group's business in China;
    (c) bidding for the supply of rolling stock equipment for Shanghai Mass Transit Pearl Line project, Shanghai Metro Line 3 project, Shanghai Xinmin Line project, Guangzhou Metro Line 2 project, Nanjing metro South-North Line 1 project and Shenzhen Metro project Phase I;
    (d) establishment of various joint ventures in different cities in China to manufacture rolling stock equipment, traction equipment and transformers, and acquisition of transmission and distribution assets, supply of equipment, licence of technology and trademarks, provision of technical assistance, etc.
  • Ondeo Degremont on the establishment of a water treatment engineering joint venture, and undertaking waste water treatment projects in different cities in China;
  • Ecocert, a leading European green products certification institute, on the acquisition of a majority shareholding in a PRC food-products certification company and creating China's first food-products certification joint venture;
  • consortium formed by EDF and China Light and Power on the construction and operation of two coal-fired power stations (2 x 300 MW and 2 x 600 MW) in Heze and Liaocheng;
  • Renault S.A. on restructuring a minibus manufacturing joint venture in Hubei, and on the acquisition of a light vehicle manufacturing company in Beijing;
  • Rexel on the acquisition of assets from a PRC distributor of electrical products and establishment of the first centrally approved professional distribution joint venture company in Beijing;
  • Diamond Aircraft on the establishment of three joint venture companies to manufacture and market Diamond Star DA 40 TDI/180 and other aircrafts in China.
  • Chinese
  • English