Davis Polk & Wardwell LLP advised Deutsche Bank AG, Singapore Branch, ING Bank N.V., London Branch and Nomura International plc as initial purchasers in connection with the US$300 million Rule 144A/Regulation S offering by Central China Real Estate Limited of its 12.25% senior notes due 2015.

Central China Real Estate Limited is the leading residential property developer in Henan, China. It is engaged in the development of typically integrated residential complexes in 22 cities in Henan, China. The company is listed on the Hong Kong Stock Exchange.

The Davis Polk corporate team included partners William F. Barron and Show-Mao Chen, associates Richard (Sukjoon) Lee, Harold Tin and Jiabei Chen and legal specialist Xiaotong (Lisa) Yuan. Partner John D. Paton and associate Kent Heggerud provided tax advice. Melody Ming Chi Ching was the legal assistant on the transaction. Members of the Davis Polk team are based in the Beijing, Hong Kong and London offices.