March 23-25, 2009 - Pudong Shangri-La - Shanghai, China
Monday, March 23, 2009
Registration, Networking & Breakfast
7:30 - 8:30 AM
7:30 - 8:30 AM
Opening Remarks
8:30 - 8:35 AM
8:30 - 8:35 AM
Creative Financing Options for both Private and Public Companies
8:40 - 9:40 AM
Companies planning to go public have a variety of options for raising capital. This panel explores PIPE financing, convertible debt lending, pre-IPO private equity investments, and the advantages of doing a reverse merger with a shell company. Panelists also discuss global stock listing options and various exchanges including those in the United States, Asia, and Europe.
MODERATOR: BARRY GROSSMAN, Ellenoff Grossman & Schole
PANELISTS: AMIR HESHMATPOUR, AFH Holding & Advisory; PETER KUO, Susquehanna International Group; JOHN MICKLITSCH, Ancora Advisors; MITCH NUSSBAUM, Loeb & Loeb; VIRGINIA TAM, Jones Day; JAMES WALSH, Sinova Merchant Partners
8:40 - 9:40 AM
Companies planning to go public have a variety of options for raising capital. This panel explores PIPE financing, convertible debt lending, pre-IPO private equity investments, and the advantages of doing a reverse merger with a shell company. Panelists also discuss global stock listing options and various exchanges including those in the United States, Asia, and Europe.
MODERATOR: BARRY GROSSMAN, Ellenoff Grossman & Schole
PANELISTS: AMIR HESHMATPOUR, AFH Holding & Advisory; PETER KUO, Susquehanna International Group; JOHN MICKLITSCH, Ancora Advisors; MITCH NUSSBAUM, Loeb & Loeb; VIRGINIA TAM, Jones Day; JAMES WALSH, Sinova Merchant Partners
China's Outlook: Pathways to Recovery
9:45 - 10:30 AM
China's economic outlook depends largely on the success of the government's fiscal stimulus program, a sustained recovery in housing demand and the strength of consumer sentiment. Economic indicators have shown early signs of stabilization, but will the government's fiscal and monetary pump priming measures generate enough demand to make this a sustainable recovery? With its major trading partners likely to be mired in recession for some time to come, what action is the government taking to boost domestic consumption and what is the likelihood of success? Jing Ulrich explores whether China's recent policy actions are sufficient to stimulate an economic turnaround and presents her outlook for key sectors of the economy.
KEYNOTE SPEAKER: JING ULRICH, Managing Director & Chairman, Chinese Equities, J.P. Morgan
9:45 - 10:30 AM
China's economic outlook depends largely on the success of the government's fiscal stimulus program, a sustained recovery in housing demand and the strength of consumer sentiment. Economic indicators have shown early signs of stabilization, but will the government's fiscal and monetary pump priming measures generate enough demand to make this a sustainable recovery? With its major trading partners likely to be mired in recession for some time to come, what action is the government taking to boost domestic consumption and what is the likelihood of success? Jing Ulrich explores whether China's recent policy actions are sufficient to stimulate an economic turnaround and presents her outlook for key sectors of the economy.
KEYNOTE SPEAKER: JING ULRICH, Managing Director & Chairman, Chinese Equities, J.P. Morgan
Networking Break
10:30 - 11:00 AM
10:30 - 11:00 AM
Evaluating if an "Alternative" Public Offering is Right for your Company
11:05 - 12:05 PM
With the Shanghai and Shenzhen stock markets virtually closed to new listings, companies in China continue to explore alternative financing techniques. At the same time, the global PIPE market has evolved into a mainstream alternative for companies raising cash. This panel explores the transaction structures available to companies choosing to go public in the United States through an Alternative Public Offering ("APO"), and gives a step by step description of getting a deal completed.
MODERATOR: STEVE SKOLNICK, Lowenstein Sandler
PANELISTS: RICH ANSLOW, Anslow & Jaclin; K.P. CHENG, K.P. Cheng & Company; CHARLES LI, Han Kun Law Offices; ANTHONY SARKIS, Newbridge Securities Corporation; MITCH TRUELOCK, Roth Capital Partners
11:05 - 12:05 PM
With the Shanghai and Shenzhen stock markets virtually closed to new listings, companies in China continue to explore alternative financing techniques. At the same time, the global PIPE market has evolved into a mainstream alternative for companies raising cash. This panel explores the transaction structures available to companies choosing to go public in the United States through an Alternative Public Offering ("APO"), and gives a step by step description of getting a deal completed.
MODERATOR: STEVE SKOLNICK, Lowenstein Sandler
PANELISTS: RICH ANSLOW, Anslow & Jaclin; K.P. CHENG, K.P. Cheng & Company; CHARLES LI, Han Kun Law Offices; ANTHONY SARKIS, Newbridge Securities Corporation; MITCH TRUELOCK, Roth Capital Partners
Resetting Expectations: Financial Markets, Business Activity and Economic Policy
12:10 - 12:40 PM
What began as a U.S. mortgage market has cumulated into a global credit crisis and a major worldwide recession. Every country is scrambling to offest the current downturn with massive new monetary and fiscal stimulus and new financial sector rules. In the presence of near-term weakness and uncertainty, how should investors and corporations position themselves to benefit from the next upturn when it comes? What can we expect from the new Obama Administration in Washington as it relates to international trade, capital flows and current policy?
FEATURED SPEAKER: DONALD STRASZHEIM, Straszheim Global Advisors
12:10 - 12:40 PM
What began as a U.S. mortgage market has cumulated into a global credit crisis and a major worldwide recession. Every country is scrambling to offest the current downturn with massive new monetary and fiscal stimulus and new financial sector rules. In the presence of near-term weakness and uncertainty, how should investors and corporations position themselves to benefit from the next upturn when it comes? What can we expect from the new Obama Administration in Washington as it relates to international trade, capital flows and current policy?
FEATURED SPEAKER: DONALD STRASZHEIM, Straszheim Global Advisors
Networking Luncheon
12:45 - 1:45 PM
12:45 - 1:45 PM
The Global Economic Crisis: What the Slowdown in the U.S. and other Countries Means for China in 2009
1:50 - 2:50 PM
China appears well positioned to withstand the global financial crisis, but the overall impact the crisis will have on the Chinese economy remains unknown. As China's financial markets enter a new era, it's important to learn from what's happening in Europe, America, and other parts of Asia. Will there be increased regulation of financial sectors? Will there be a faster shift in economic power to Asia? This panel explores the new landscape for small companies seeking capital.
MODERATOR: SIMON LUK, Winston & Strawn
PANELISTS: FAN BAO, China Renaissance Partners; WEI HOPEMAN, Winnington Capital; J. WEST RIGGS, Piper Jaffray; JONATHAN WANG, OrbiMed Advisors; Additional Panelists TBA
1:50 - 2:50 PM
China appears well positioned to withstand the global financial crisis, but the overall impact the crisis will have on the Chinese economy remains unknown. As China's financial markets enter a new era, it's important to learn from what's happening in Europe, America, and other parts of Asia. Will there be increased regulation of financial sectors? Will there be a faster shift in economic power to Asia? This panel explores the new landscape for small companies seeking capital.
MODERATOR: SIMON LUK, Winston & Strawn
PANELISTS: FAN BAO, China Renaissance Partners; WEI HOPEMAN, Winnington Capital; J. WEST RIGGS, Piper Jaffray; JONATHAN WANG, OrbiMed Advisors; Additional Panelists TBA
Legal & Regulatory Update: What Investors & Companies Should Know about MOFCOM, SAFE, and Circular 142
2:55 - 3:55 PM
Confusing regulations in China have necessitated creative deal structures to aid companies in obtaining foreign capital. This panel clarifies the Chinese regulatory and compliance issues specific to investment originating from outside of China's borders. Panelists also give their insight on what is necessary to complete offshore transactions involving domestic Chinese parties.
MODERATOR: ELE KLEIN, Schulte Roth & Zabel
PANELISTS: ANDY GU, B&D Law Firm; ALAN KING, EunaCon Law Firm; DR. CHARLES WANG, WZW & Partners
2:55 - 3:55 PM
Confusing regulations in China have necessitated creative deal structures to aid companies in obtaining foreign capital. This panel clarifies the Chinese regulatory and compliance issues specific to investment originating from outside of China's borders. Panelists also give their insight on what is necessary to complete offshore transactions involving domestic Chinese parties.
MODERATOR: ELE KLEIN, Schulte Roth & Zabel
PANELISTS: ANDY GU, B&D Law Firm; ALAN KING, EunaCon Law Firm; DR. CHARLES WANG, WZW & Partners
Networking Break
3:55 - 4:25 PM
3:55 - 4:25 PM
How to Prepare Your Company for Being Public in the United States and a Discussion on Post-Listing Management
4:30 - 5:30 PM
This panel examines what steps are necessary to prepare a company to go public in the United States. Specifically, panelists discuss how to avoid common problems before they impact a company's ability to list its shares or raise cash. Panelists discuss accounting, disclosure, due diligence, compliance with U.S. financial regulations, investor relations, press releases, the importance of the board of directors, and choosing the right advisors. This panel also explores issues related to executive insurance and the possibility of listing on a different exchange after the initial deal is done.
MODERATOR: DAVID FELDMAN, Feldman, Weinstein & Smith
PANELISTS: MICHAEL CHERMAK, Heng Xin Associates; CROCKER COULSON, CCG Investor Relations; WILLIAM P. HAUS, Haus China Advisers; ERIC LANDHEER, NASDAQ; MICHAEL MARKS, Middle Kingdon Alliance Corporation; PHILIP WAN, LinkAsia & Associates
4:30 - 5:30 PM
This panel examines what steps are necessary to prepare a company to go public in the United States. Specifically, panelists discuss how to avoid common problems before they impact a company's ability to list its shares or raise cash. Panelists discuss accounting, disclosure, due diligence, compliance with U.S. financial regulations, investor relations, press releases, the importance of the board of directors, and choosing the right advisors. This panel also explores issues related to executive insurance and the possibility of listing on a different exchange after the initial deal is done.
MODERATOR: DAVID FELDMAN, Feldman, Weinstein & Smith
PANELISTS: MICHAEL CHERMAK, Heng Xin Associates; CROCKER COULSON, CCG Investor Relations; WILLIAM P. HAUS, Haus China Advisers; ERIC LANDHEER, NASDAQ; MICHAEL MARKS, Middle Kingdon Alliance Corporation; PHILIP WAN, LinkAsia & Associates
The International PIPEs Conference
Cocktail Reception
5:45 - 7:15 PM
Sponsored by AFH Holding & Advisory
Cocktail Reception
5:45 - 7:15 PM
Sponsored by AFH Holding & Advisory
Tuesday, March 24, 2009
Registration, Networking & Breakfast
7:00 - 8:00 AM
7:00 - 8:00 AM
Why Chinese VCs & Private Equity Firms are Exploring PIPE Investments
8:00 - 9:00 AM
In the wake of the global financial crisis, many venture capital firms have either halted investing, or severely reduced their investment activity. As an alternative, VC and private equity firms are now showing a serious interest in PIPE transactions, with some of the largest deals being completed by traditional private equity and venture groups. This panel explores the basics of PIPE investing and outlines what Chinese VCs should know about finding prospects and structuring deals.
MODERATOR: SCOTT POWELL, Primary Capital
PANELISTS: LEO CHAN, Virgo Partners; JIM CHAPMAN, Nixon Peabody; SHU FAN LEE, New Asia Partners; KEVIN POLLACK, Paragon Capital
8:00 - 9:00 AM
In the wake of the global financial crisis, many venture capital firms have either halted investing, or severely reduced their investment activity. As an alternative, VC and private equity firms are now showing a serious interest in PIPE transactions, with some of the largest deals being completed by traditional private equity and venture groups. This panel explores the basics of PIPE investing and outlines what Chinese VCs should know about finding prospects and structuring deals.
MODERATOR: SCOTT POWELL, Primary Capital
PANELISTS: LEO CHAN, Virgo Partners; JIM CHAPMAN, Nixon Peabody; SHU FAN LEE, New Asia Partners; KEVIN POLLACK, Paragon Capital
How To Ensure Your Company Performs Well on the Public Market
9:05 - 9:35 AM
In many cases, Chinese companies that have come to the public markets in the U.S. have had strong financial results, but their stock price remains depressed. In order to achieve an improved stock price and raise capital at higher valuations, companies need to adopt a model in which management is trained to understand the interests of investors and interact with participants in the capital markets. This presentation outlines an effective model that can be used to take your company public, and provides solutions to some of the pitfalls you may encounter along the way.
SPEAKER: PETER SIRIS, Hua-Mei 21st Century
9:05 - 9:35 AM
In many cases, Chinese companies that have come to the public markets in the U.S. have had strong financial results, but their stock price remains depressed. In order to achieve an improved stock price and raise capital at higher valuations, companies need to adopt a model in which management is trained to understand the interests of investors and interact with participants in the capital markets. This presentation outlines an effective model that can be used to take your company public, and provides solutions to some of the pitfalls you may encounter along the way.
SPEAKER: PETER SIRIS, Hua-Mei 21st Century
Know Your Investor: How Different Types of Investors Can Impact your Company's Performance
9:40 - 10:10 AM
If you are a company evaluating potential PIPE investors, it is important to understand what questions you should be asking to get to know them. This presentation explores the different kinds of investors and their strategies, and how different trends in deal structures may affect your company and your stock performance after the deal is complete.
SPEAKERS: MITCH HULL, Hull Capital
9:40 - 10:10 AM
If you are a company evaluating potential PIPE investors, it is important to understand what questions you should be asking to get to know them. This presentation explores the different kinds of investors and their strategies, and how different trends in deal structures may affect your company and your stock performance after the deal is complete.
SPEAKERS: MITCH HULL, Hull Capital
Networking Break
10:15 - 10:45 AM
10:15 - 10:45 AM
How to Protect Your PIPE Investment in a Chinese Company
10:50 - 11:20 AM
This presentation focuses on how to design a corporate structure for a PIPE transaction with a Chinese-based company, how to draft an enforceable investment agreement, and what is necessary to enforce the contract's rights in a Chinese court.
SPEAKER: STEVE ZHU, Allbright Law
10:50 - 11:20 AM
This presentation focuses on how to design a corporate structure for a PIPE transaction with a Chinese-based company, how to draft an enforceable investment agreement, and what is necessary to enforce the contract's rights in a Chinese court.
SPEAKER: STEVE ZHU, Allbright Law
Other Regional Investment Opportunities: Innovative Ideas in Asia
11:25 - 12:25 PM
Panelists discuss opportunities in frontier markets in Asia including Japan, Hong Kong, Singapore, Cambodia, Vietnam, Laos, and Mongolia. Panelists discuss some of the similarities and differences between these markets and China.
MODERATOR: RICHARD FRIEDMAN, Sichenzia Ross Friedman Ference
PANELISTS: HENRY FAHMAN, Providential Capital; RAYMOND OH, Morrison & Foerster; KIM SONG TAN, Cambodia Laos Investment and Development Fund; MARVIN YEO, Frontier Investment & Development Partners; Additional Panelists TBA
11:25 - 12:25 PM
Panelists discuss opportunities in frontier markets in Asia including Japan, Hong Kong, Singapore, Cambodia, Vietnam, Laos, and Mongolia. Panelists discuss some of the similarities and differences between these markets and China.
MODERATOR: RICHARD FRIEDMAN, Sichenzia Ross Friedman Ference
PANELISTS: HENRY FAHMAN, Providential Capital; RAYMOND OH, Morrison & Foerster; KIM SONG TAN, Cambodia Laos Investment and Development Fund; MARVIN YEO, Frontier Investment & Development Partners; Additional Panelists TBA
Opportunities in the Canadian Capital Markets
12:30 - 1:00 PM
This presentation introduces you to the benefits of going public on the Canadian Capital Markets. Presenters explore access to capital, visibility, liquidity, fair market valuation, and the ability to exit through an IPO.
SPEAKERS: JANIS KOYANAGI & GEORGE GAO, Toronto Stock Exchange
12:30 - 1:00 PM
This presentation introduces you to the benefits of going public on the Canadian Capital Markets. Presenters explore access to capital, visibility, liquidity, fair market valuation, and the ability to exit through an IPO.
SPEAKERS: JANIS KOYANAGI & GEORGE GAO, Toronto Stock Exchange
Networking Luncheon
1:00 - 2:00 PM
1:00 - 2:00 PM
Chinese Management Teams - Company Presentations
2:00 - 6:00 PM
2:00 - 6:00 PM
The International PIPEs Conference Cocktail Reception
6:00 - 7:30 PM
Sponsored by Anslow & Jaclin
6:00 - 7:30 PM
Sponsored by Anslow & Jaclin
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