7 May, 2019
Davis Polk advised the joint lead managers in connection with the Regulation S offering of $325 million principal amount of 8.0% senior notes due 2022 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 Terrence R. O’Donnell and counsel – registered foreign lawyer Xuelin (Steve) Wang, registered foreign lawyers Jennifer (Yujia) Jiang and Xiushan Sun. The tax team included counsel Alon Gurfinkel and associate Omer Harel. Members of the Davis Polk team are based in the Hong Kong and London offices.
