Cherrie Shi

Cherrie Shi

Partner
FenXun Partners
Shanghai

Biography

Ms. Shi heads the Firm's Industrials, Manufacturing & Transportation Group in Asia Pacific. Ms. Shi’s practice primarily involves assisting clients on a wide variety of matters relating to their business in China, including direct investment, mergers and acquisitions, joint ventures, global restructuring projects, PRC outbound investment and general corporate matters.

Representative Legal Matters

  • Represented Jin Jiang International and SINO-CEE Fund in its acquisition of Radisson Hotel Group from HNA.
  • Led the 1.5 billion petrochemical project for a client in Shanghai, China.
  • Led the Asia Pacific spinoff work covering 9 jurisdictions for a NY listed special material company with a total consideration of approximately US$2 billion.
  • Advised a global leading chemical company for its acquisition of two manufacturing facilities at the total consideration of approximately US$230 million.
  • Advised a global leading supermarket operator for its setup of greenfield warehouse retail facilities and also a real property JV with a Chinese partner for land acquisition purpose with a total investment of more than US$400 million.
  • Advised a private equity fund for its disposal of hog farming business to a Chinese listed company with a total consideration of approximately US$250 million.
  • Advised a NY listed company for its relocation project with a total consideration of approximately US$250 million.
  • Led the China spinoff work for a Fortune 500 listed company’s disposal of its automotive business to form another NY listed company covering 50+ JVs in China.
  • Advised a leading petrochemical company for its disposal of its PRC JV interest to a China State-owned enterprise.
  • Advised a NY listed food company for its sale of its 25% PRC JV interest to the Chinese partner at a consideration of approximately RMB290 million.
  • Advised a Fortune 500 hygiene products and services company for its acquisition of a PRC water treatment chemical producer and service provider at the consideration of approximately RMB1.1 billion and its formation of a joint venture in Hong Kong with the principal shareholders of the target.
  • Advised a US listed engineering company for the establishment of a 50-50 joint venture with a State-owned and PRC listed offshore oil engineering company with a total project value of approximately RMB9.4 billion.
  • Advised a leading European auto-parts manufacturer for the establishment of its 50-50 joint venture in China with a State-owned enterprise with military background by means of subscribing increased capital.
  • Advised a global payment industry leader for its establishment of a 49-51 joint venture in Hong Kong with a large PRC enterprise group for the control of PRC payment entities through VIE structure at the consideration of US$130 million for 49%.
  • Advised a State-owned and listed media company for its acquisition of a minority interest in a US game company from a US listed company at the consideration of approximately US$24 million for 20%.
  • Advised a State-owned power company for its acquisition of approximately 56% controlling interest in a Colombian listed hydropower company through bidding process at the consideration of approximately US$22.95 billion.
  • Advised a multinational tool company on its disposal of significant assets at a consideration of approximately US$1 billion.
  • Advised a leading European auto-parts manufacturer for its acquisition of a PRC auto-parts manufacturer at a consideration of RMB230 million.
  • Advised a multinational food company on its acquisition of a leading PRC MSG manufacturer in southern China at a consideration of approximately US$150 million.
  • Advised PRC’s Top 1 steel maker on its acquisition of mining assets in Indonesia.
  • Advised a Japanese conglomerate for its establishment of a joint venture in Hong Kong with a red-chip company listed in Hong Kong listed which has significant power plant investments in China.
  • Advised a European auto-parts maker on its acquisition of 2 domestically owned enterprises in China, each with a consideration of more than RMB250 million.
  • Advised a Fortune 500 insurance company on the restructuring of its insurance business in China (i.e., conversion of its existing branch into a wholly foreign owned enterprise).
  • Advised a multinational chemical company on its proposed coal chemical project either in the form of a Greenfield project or by means of acquisition in China.
  • Advised a leading multinational home appliance company on its China business restructuring as well as the establishment of 50-50 joint venture with a leading state-owned home appliance company in China.
  • Advised a major chemical company on its share acquisition of a Top 3 lubricant manufacturer in China.
  • Advised a leading European telecommunication equipment producer in its assets acquisition of another wholly-foreign owned enterprise in China.
  • Advised one of the world’s largest mining companies on its share acquisition in a state-owned coal production and power generation enterprise.
  • Advised a leading eyewear manufacturer and distributor on its acquisition of an eyewear chain store operator in China.
  • Advised a leading European automaker on its establishment of distribution network in China and drafted the relevant dealership agreements.
  • Advised a leading European automaker on its acquisition of a PRC automobile manufacturing group.
  • Advised a major PRC automobile manufacturer on its acquisition of an overseas carmaker.
  • Assisted a major oil & gas supplier on its sales of natural gas in China and drafted relevant gas supply contracts.

Professional Honors

ALB China Top 15 Female Lawyers Award (Asian Legal Business, 2019)

Admission

New York State of US
PRC

Education

Law School of Northwestern University, 2003, LL.M.
Shanghai University of International Business and Economics, 1998, LL.B. specialized in international economic laws

Languages

English
Mandarin
Shanghainese