20 July, 2020
Davis Polk the initial purchasers in connection with the Regulation S offering of $250 million principal amount of 9.000% senior notes due 2021 by RongXingDa Development (BVI) Limited. The notes are guaranteed by RiseSun Real Estate Development Co., Ltd.
RiseSun Real Estate Development Co., Ltd., listed on the Shenzhen Stock Exchange, is a leading real estate developer in the PRC, focusing on developing quality residential properties. RiseSun Real Estate Development Co., Ltd. has successfully established a strong market position in the Beijing-Tianjin-Hebei Bohai Economic Rim and the Yangtze River Delta Region and has been actively expanding into the Greater Bay Area and central and western China.
The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan, and registered foreign lawyer Jennifer (Yujia) Jiang. The tax team included associate Summer Xia. Members of the Davis Polk team are based in the Hong Kong and London offices.
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.
