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Belle Jing
Telephone +61 2 8915 1048
Facsimile +61 2 8916 2048
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In my practice, my clients look to me for strategic corporate advice in relation to mergers and acquisitions transactions, public and private capital raisings, corporate restructures and making investments into Australia.
 
Since joining Addisons in 2009, I have acted for clients from a diverse range of industries, in particular:
 

  • IT and communications;
  • financial services;
  • biotechnology/medical devices; and
  • mining/oil and gas.

 
As a result of this work, I have formed close relationships with many of these clients.
 
My work requires a deep understanding of the Australian company laws, takeovers laws, fundraising laws and the ASX Listing Rules. I have advised both listed and unlisted public companies and private companies in relation to:

 

  • major transactions that are transformational or otherwise critical to the future of the company, including initial public offerings, back-door listings, takeover bids, capital raisings and restructurings; and
  • general corporate/commercial matters, such as executive remuneration, directors’ duties, defence against shareholder activism and regulatory compliance.


I regularly advise offshore clients in relation to their Australia operations and making investments in Australian assets (including dealings with the Foreign Investment Review Board). I am fluent in Chinese (Mandarin).
 
I was admitted as a Solicitor in 2011 and became a Senior Associate in 2014. I completed my Masters of Law at the University of Sydney in 2017.

 

Qualifications

BEc LLB (Hons) – University of Sydney

 

LLM – University of Sydney

 

AMusA

 

Member, Women Lawyers’ Association of NSW

Latest News
The Coca-Cola Co snaps up Australia's MOJO Kombucha
02 November 2018
The Coca-Cola Co snaps up Australia's MOJO Kombucha
MORE INFORMATION
See More
Latest Knowledge
Yuhu
Advised in relation to the redevelopment of the Eastwood Shopping Centre including advising on the clause 4.6 objection and the letter of offer and Voluntary Planning Agreement.
MORE INFORMATION
Dexus
Advised Dexus on its retail podium redevelopment at Gateway, Circular Quay. Penny’s role included advising on the heritage floor space controls, securing heritage floor space transfers, obtaining access to Council’s land for construction purposes and negotiating a voluntary planning agreement with Council.
MORE INFORMATION
Mirvac
Penny is advising Mirvac on its redevelopment of the ground plane and podium for 275 Kent Street, Sydney. This site has complicated titling and planning approvals and required a VPA and agreements with RMS in relation to the Western Distributor.
MORE INFORMATION

My work principally involves:

 

  • Mergers and acquisitions
  • Takeovers
  • Public and private capital raisings
  • Restructures
  • Transactional and strategic corporate advice
  • Executive remuneration and corporate governance
  • Shareholder activism
     
 

Qualifications

BEc LLB (Hons) – University of Sydney

 

LLM – University of Sydney

 

AMusA

 

Member, Women Lawyers’ Association of NSW

Latest News
The Coca-Cola Co snaps up Australia's MOJO Kombucha
02 November 2018
The Coca-Cola Co snaps up Australia's MOJO Kombucha
MORE INFORMATION
See More
Latest Knowledge
Yuhu
Advised in relation to the redevelopment of the Eastwood Shopping Centre including advising on the clause 4.6 objection and the letter of offer and Voluntary Planning Agreement.
MORE INFORMATION
Dexus
Advised Dexus on its retail podium redevelopment at Gateway, Circular Quay. Penny’s role included advising on the heritage floor space controls, securing heritage floor space transfers, obtaining access to Council’s land for construction purposes and negotiating a voluntary planning agreement with Council.
MORE INFORMATION
Mirvac
Penny is advising Mirvac on its redevelopment of the ground plane and podium for 275 Kent Street, Sydney. This site has complicated titling and planning approvals and required a VPA and agreements with RMS in relation to the Western Distributor.
MORE INFORMATION
$18m sale of Australia’s largest independent conferencing provider
I acted for the shareholders of Conference Call International, the largest independent conferencing and collaboration provider in Australia, in its $18 million disposal to ASX-listed communications specialist, MNF Group, in February 2017. The acquisition was funded by way of placement of MNF shares to institutional and sophisticated investors.
View Full Case Study
Australian expansion of Singapore headquartered Crosspoint Telco
I have advised Singapore headquartered Crosspoint Telecommunications in relation to the expansion of its operations in Australia, most recently, its strategic acquisition of Australian IT services firm, Allcom Networks, from ASX-listed telco, PS&C Group. Crosspoint is a trusted business technology solutions provider offering comprehensive end-to-end managed IT solutions in voice, video, managed IT services and professional services. Allcom is a strategic investment for Crosspoint to grow its managed service practice for government, education and corporate customers in the Australian market, with the advantage of being able to deliver such services globally through Crosspoint’s international operations.
View Full Case Study
Strategic Acquisition by Pureprofile of Leading Digital Marketing Business
Pureprofile, advised by Addisons, completed its second strategic acquisition since listing on the ASX in July 2015, with the group now joined by Cohort Global, a leading digital marketing business with operations in Australia, UK and US.
View Full Case Study
Patersons Securities underwriting of $21m JUMBO
I was a member of the Addisons team that advised Patersons securities on the underwriting of a $21 million rights issue, comprising an accelerated institutional offer followed by a retail offer and bookbuild, as well as both priority and general sub-underwriting arrangements.
View Full Case Study
CathRx - Fully Subscribed $10.6 million Rights Issue
Our ECM team assisted CathRx, an Australian public medical device company, in its highly successful rights issue to raise $10.6 million. This objective of this issue was to fund the final stage development and commercialisation plans of the company with respect to its new range of traditional and novel heart catheters.
View Full Case Study
KJ Risk Group – New Partnership with Austbrokers
Bringing together insurance brokerage heavyweight, Austbrokers (AUB Group), and KJ Risk Group, a specialist firm in corporate insurance, risk advice and alternative risk financing, we advised on one of the few M&A transactions in the Australian insurance space in 2015.
View Full Case Study
Countplus subsidiary, Advice389 - kick starts equity partnership business strategy with 40% stake in Hunter Financial
Advice389 is off to a flying start in the implementation of its equity partner business model, with our M&A team taking Advice389 successfully through its first acquisition of an equity stake in highly-regarded financial services firm, Hunter Financial.
View Full Case Study
KBL Mining
Our team acted for KBL Mining Limited in Supreme Court and Takeovers Panel proceedings against a vexatious lender that instigated a 4 month long campaign to seek to thwart KBL’s refinancing efforts and bring about a default under KBL’s existing loan.
View Full Case Study
Novogen $32.4 million Fundraising
Acted for Novogen, a rapidly expanding drug discovery company listed on the ASX and NASDAQ, in a series of debt and equity capital raisings since 2013. Most recently, our team advised Novogen in the raising of $15.5 million pursuant to a placement to US institutional investors and the simultaneous conduct of a rights issue offer to existing shareholders to raise a further $16.9 million.
View Full Case Study
Matrix42 Acquisition of Silverback and Expansion into Australia
Advised Matrix42, Europe’s most innovative workspace management solution vendor, on its expansion into Australia and acquisition of Silverback, an established Enterprise Mobility Management (EMM) vendor with a strong, loyal and growing customer base, including major financial services companies in the Asia Pacific region.
View Full Case Study
Acquisition of significant cement works
Advised a consortium of investors in relation to the acquisition of significant cement works. The transaction involved extensive negotiations in relation to the allocation of risk with respect to contingent liabilities as well as an in-depth analysis of the landholder duty implications of the transaction.
View Full Case Study
Multi-Option Facility for International Software and Service Provider
Advised an international software and service provider in relation to its refinancing of a secured multi-option facility agreement involving both revolving and non-revolving loan facilities. Due to the global reach of our client’s business, it was necessary that the facilities be available and repayable in multiple different currencies, with the ability to change between currencies at any time. The new debt facility also provided funding for our client to explore new acquisition opportunities.
View Full Case Study
Hostile takeover of junior gold explorer
Takeover bid involving two ASX-listed gold junior explorers, whose fates were intertwined by a longstanding farm-in and joint venture agreement. The complexity of the takeover bid reached new heights with the commencement of Takeovers Panel proceedings in relation to a myriad of legal issues arising from the takeovers provisions of the Corporations Act.
View Full Case Study
M2 Telecommunications $248 million Takeover Offer for Dodo and Eftel
I was part of the team that advised Eftel in relation to M2 Telecommunications’ $248 million takeover offer to acquire both Dodo and Eftel.
View Full Case Study
Merger of Hood Sweeney and Shearer + Elliss
Acted for Hood Sweeney, a South Australian professional services firm, in its merger with Shearer + Ellis, a boutique accounting, financial planning and business coaching firm.
View Full Case Study
APAC Resources Limited
Advised this major Hong Kong based minerals trading and investment organisation in its numerous dealings in Australia, including in connection with its significant shareholdings in major Australian ASX listed companies and related FIRB issues.
View Full Case Study
Omnilab Media Sale of Post-Production and VFX Houses to Deluxe Entertainment
Our team acted for Omnilab Media and its related entities in the sale of a number of its key creative and media businesses to the Australian arm of international screen service company, Deluxe Entertainment Services Group Inc.
View Full Case Study
Sale of Business Intelligence Company IntierraRMG to SNL
I was a member of the Addisons team that acted in the sale of mining intelligence company IntierraRMG to US financial intelligence group, SNL.
View Full Case Study
Phoenix Oil & Gas Limited – Backdoor Listing as “High Peak Royalties Limited”
Phoenix Oil & Gas Limited asked us to act in its recent backdoor listing on the ASX.
View Full Case Study
 

Qualifications

BEc LLB (Hons) – University of Sydney

 

LLM – University of Sydney

 

AMusA

 

Member, Women Lawyers’ Association of NSW

Latest News
The Coca-Cola Co snaps up Australia's MOJO Kombucha
02 November 2018
The Coca-Cola Co snaps up Australia's MOJO Kombucha
MORE INFORMATION
See More
Latest Knowledge
Yuhu
Advised in relation to the redevelopment of the Eastwood Shopping Centre including advising on the clause 4.6 objection and the letter of offer and Voluntary Planning Agreement.
MORE INFORMATION
Dexus
Advised Dexus on its retail podium redevelopment at Gateway, Circular Quay. Penny’s role included advising on the heritage floor space controls, securing heritage floor space transfers, obtaining access to Council’s land for construction purposes and negotiating a voluntary planning agreement with Council.
MORE INFORMATION
Mirvac
Penny is advising Mirvac on its redevelopment of the ground plane and podium for 275 Kent Street, Sydney. This site has complicated titling and planning approvals and required a VPA and agreements with RMS in relation to the Western Distributor.
MORE INFORMATION
Directors’ Duties - "Should we?" - the High Court says "NO" in ASIC v Lewski
6/2/2019
APRA’s 2018 review into CBA’s corporate governance practices recommended injecting into CBA’s DNA a “should we?” question in relation to all dealings with and decisions on customers. The High Court expressed a similar sentiment in its recent decision in ASIC v Lewski, reminding company boards of the high standard expected of directors in making decisions when the stakes are high, the amounts involved are significant and there are potential conflicts of interest involved. The court at first instance also made some helpful observations in relation to when a director can or should rely on professional advice in making a determination, which is summarised in the article.
View Full Focus Paper
ASIC taking aim at the promotion of IPOs outside formal disclosure documents
31/1/2019
The promotion of IPOs outside of prospectus has been troubling ASIC and will be a focal point of its regulatory activities over the next 6 months. Perceived limitations associated with the prospectus have contributed to the growing reliance by retail investors on ‘secondary’ sources of information in assessing an IPO, and raises the question of whether legal reform is required to better align with investor expectations.
View Full Focus Paper
Allocations in equity capital transactions: ASIC releases “better practice” recommendations for company boards and brokers
31/1/2019
On 20 December 2018, the Australian Securities and Investments Commission (ASIC) issued “better practice” recommendations with respect to the practices of issuers and their brokers in the allocation of securities in equity raising transactions.1 ASIC’s report follows global scrutiny of allocation practices and associated conflicts of interest, and echoes the guidance recently released by the International Organization of Securities Commissions (IOSCO) on the subject.
View Full Focus Paper
Proposed tightening of competency requirements for financial advisers servicing retail customers – introduction of new “Option 6”
30/1/2019
A new professional standards regime for financial advisers commenced on 1 January 2019, which apply to all individuals with AFS licences that provide personal advice to retail investors on complex financial products. These professional standards however do not automatically apply to the responsible managers of AFS licensees that are corporations, partnerships or groups of trustees (unless they are themselves financial advisers). ASIC is proposing to bridge this gap by amending its competency guidelines for AFS licensees. We discuss the proposed reforms in this paper.
View Full Focus Paper
Key pointers for equity research analysts in preparing sell-side research during a capital raising life cycle
30/1/2019
The organisational structure, policies and practices of some financial services firms can result in an actual or apparent lack of research independence, particularly where the firm has both corporate advisory and research arms. Recognising the need to preserve the integrity of research, ASIC has released detailed guidance on research practices, governance and control frameworks aimed at minimising the risk that an analyst may be pressured into providing a favourable valuation of a company and minimising the reliance on staff integrity to achieve such objectives. In this paper, we highlight some of ASIC’s key recommendations.
View Full Focus Paper
ASIC extends existing AFS licensing relief for foreign financial services providers
29/1/2019
ASIC is proposing to replace the existing AFSL relief available to foreign financial services providers, with a stand-alone licence regime specifically tailored to address the practical issues encountered in monitoring and supervising foreign financial service providers. It is expected that the application process will be consistent with the “ordinary” AFSL application process, but that holders of the new “foreign AFS licence” will have modified compliance obligations.
View Full Focus Paper
Australia’s new initiative for a more competitive financial sector: welcome the “Corporate Collective Investment Vehicle”
29/1/2019
Australia is proposing to introduce a new Corporate Collective Investment Vehicle (CCIV) in response to demands for an investment structure that matches the sophistication and size of Australia’s funds management industry. Public consultation on the legislative package is continuing, and Treasury has not confirmed the timing for introducing the CCIV legislation into Parliament. We believe a critical factor in the success of the new CCIV structure will be the taxation treatment available to investors. It is hoped that the proposed CCIV, in conjunction with Australia’s participation in the Asia Region Funds Passport, will improve the competitiveness of Australia’s financial sector.
View Full Focus Paper
AFS licensing relief for trustees of wholesale equity schemes: key pointers for fund managers seeking to rely on ASIC relief
25/1/2019
ASIC has updated the regime for Australian financial services (AFS) licensing relief available to trustees of wholesale equity schemes (Wholesale Trustee Relief). This relief enables wholesale equity schemes to be established and operated, relying only on the AFS licence of the manager, and not the trustee, so long as the manager and trustee are related bodies corporate.
View Full Focus Paper
Major reforms proposed to ASX Listing Rules released 28 November 2018
24/1/2019
In its first major update to the Listing Rules in over two years, ASX is proposing to roll out a series of amendments to its listing rules, aimed at clarifying and enhancing the integrity and efficiency of the securities market that it operates.
View Full Focus Paper
Should you be checking your termination benefit approvals?
21/9/2018
A recent unreported decision of the NSW Supreme Court should have executives rushing to their lawyers to check that their entitlements on retirement or termination from office have been properly approved by shareholders. It is not enough that shareholders have been told about an executive’s termination benefits and then given some general approval to them. For termination benefits approval to be effective, requirements as to both form and substance need to be strictly observed.
View Full Focus Paper
A little goes a long way – lessons to be learnt from Takeovers Panel Guidance Note 23 for bidders and targets using “Shareholder Intention Statements”
26/2/2016
As a prospective bidder or target, what should you be wary of when obtaining or using shareholder intention statements?
View Full Focus Paper
Make a Splash in the Australian Corporate Scene - How much 'noise' can you make with 1%, 5%, 15%, 25% ownership?
21/9/2015
In recent years, we have seen a number of Chinese investors in Australian listed companies who have been disappointed with their management.
View Full Focus Paper
Default Interest Clause in Security Agreement: A Loophole for a Malevolent Lender to Claim ‘Double Interest’
14/5/2015
In many if not most general security agreements (GSA), you will find an interest clause, even though the loan agreement supported by the GSA will already have one. If you have ever negotiated a financing, you would probably never think twice about their mutual existence.
View Full Focus Paper
Australian companies ‘at risk’ of unwanted bidders? Deal protection measures: should we follow the English lead?
7/8/2014
Australia – “Our land abounds in nature’s gifts”.
View Full Focus Paper
Directors and Company Secretaries Face Greater Responsibility in Managing Risk
4/8/2014
Directors and company secretaries are expected to take a more active role in establishing effective risk management practices in their companies under the Third Edition of the ASX Corporate Governance Principles and Recommendations.
View Full Focus Paper
The Complexity behind the Simplicity of the Amended ASX Listing Rules: Tips for Company Secretaries
4/8/2014
As a whole, the latest amendments to the ASX Listing Rules, which took effect on 1 July 2014, have been made with simplicity in mind.
View Full Focus Paper
The Penalties Doctrine - How the future drafting of contracts must change after the High Court decision in the Andrews case
14/5/2014
The recent High Court decision in Andrews v Australia and New Zealand Banking Group Limited has expanded the scope of the penalties doctrine.
View Full Focus Paper
 

Qualifications

BEc LLB (Hons) – University of Sydney

 

LLM – University of Sydney

 

AMusA

 

Member, Women Lawyers’ Association of NSW

Latest News
The Coca-Cola Co snaps up Australia's MOJO Kombucha
02 November 2018
The Coca-Cola Co snaps up Australia's MOJO Kombucha
MORE INFORMATION
See More
Latest Knowledge
Yuhu
Advised in relation to the redevelopment of the Eastwood Shopping Centre including advising on the clause 4.6 objection and the letter of offer and Voluntary Planning Agreement.
MORE INFORMATION
Dexus
Advised Dexus on its retail podium redevelopment at Gateway, Circular Quay. Penny’s role included advising on the heritage floor space controls, securing heritage floor space transfers, obtaining access to Council’s land for construction purposes and negotiating a voluntary planning agreement with Council.
MORE INFORMATION
Mirvac
Penny is advising Mirvac on its redevelopment of the ground plane and podium for 275 Kent Street, Sydney. This site has complicated titling and planning approvals and required a VPA and agreements with RMS in relation to the Western Distributor.
MORE INFORMATION