We advised the joint lead managers on the Regulation S senior notes offering and concurrent tender offer

Davis Polk advised the joint lead managers in connection with the Regulation S offering of $250 million principal amount of 12.50% senior notes due 2024 on August 4, 2021. The notes are guaranteed by Fujian Yango Group Co., Ltd.

Concurrently with the notes offering, Davis Polk advised the dealer managers in connection with cash tender offer for any and all of its outstanding 12.50% senior notes due 2021.

Fujian Yango Group Co., Ltd. is a large private corporate group primarily engaged in property development, trading, education services and environmental protection businesses. Leveraging its strong foothold in Fujian province, Fujian Yango Group Co., Ltd. has expanded into other cities across China including Shanghai, Beijing, Hangzhou, Fuzhou and Shenzhen.

The Davis Polk corporate team included partners Gerhard Radtke and Yang Chu, counsel Bingqing Pan and registered foreign lawyers Jennifer Liu, Lyuning He and Sean Su. All members of the Davis Polk team are based in the Hong Kong office.