11 December, 2019
Davis Polk advised the initial purchasers on the Regulation S offering of high-yield notes by Ronshine China Holdings Limited of $324 million principal amount of 8.10% senior notes due 2023.
Ronshine China Holdings Limited, listed on the Hong Kong Stock Exchange (3301.hk), is a residential property developer in China. It focuses on developing projects in the Western Taiwan Straits Economic Zone, Yangtze River Delta regions, the Middle Reaches region of the Yangtze River, the Guangdong Hong Kong-Macau Greater Bay Area, Beijing-Tianjin-Hebei region, Central China region, Chengdu-Chongqing region and northwestern cities of China.
The Davis Polk corporate team included partners Gerhard Radtke and Yang Chu, registered foreign lawyer Jennifer Liu and associate Vivian Chow. All members of the Davis Polk team are based in the Hong Kong office.
The announcement above is not offer for sale of securities in the United States. The securities referred to herein (the "Securities") have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be sold in the United States absent registration or an exemption from registration under the Securities Act. The issuer of the Securities does not intend to register any part of the offering in the United States or to conduct a public offering of the Securities in the United States.
