1 August, 2016
Davis Polk advised Greenland Hong Kong Holdings Limited (“Greenland Hong Kong”), a subsidiary of Greenland Holding Group Company Limited (“Greenland Holding”), in connection with its issue of $450 million 3.875% notes due 2019 under its $2 billion medium-term note program. The notes are supported by a keepwell deed and an equity purchase undertaking from Greenland Holding.
Davis Polk also advised Greenland Hong Kong Holdings Limited, in connection with its private placement of $120 million 5.625% senior perpetual capital securities under its $2 billion medium-term note program. The securities are supported by a keepwell deed and an equity purchase undertaking from Greenland Holding.
Greenland Hong Kong is principally engaged in the development of quality residential, commercial and hotel properties in various cities in the PRC, including Shanghai, Ningbo, Kunming, Huangshan, Suzhou, Changshu, Wuxi, Xuzhou, Haikou, Nanning and Taiyuan. Its ordinary issued shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited (HKSE code: 0337). Greenland Holding is a leading group company in the PRC with a focus on real estate business.
The Davis Polk corporate team for the notes offering included partner Paul Chow, associate Christine Xu and registered foreign lawyer Xuelin (Steve) Wang. All members of the Davis Polk team are based in the Hong Kong office.
The Davis Polk corporate team for the issue of senior perpetual capital securities included partner Paul Chow, associate Christine Xu, registered foreign lawyers Xuelin (Steve) Wang and Jie Ge. All members of the Davis Polk team are based in the Hong Kong office.
