We advised Red Star Macalline on the transaction

Davis Polk advised Red Star Macalline Group Corporation Ltd. in connection with its solicitation of consents to certain amendments to the trust deed dated August 26, 2022, governing the $249.7 million 5.20% credit enhanced bonds due 2025 issued by the company, and certain waivers under the bonds.

Red Star Macalline is the leading home improvement and furnishings shopping mall operator, as well as a pan-home furnishings platform service provider in China. It operates and manages a national network of shopping malls located in hundreds of cities in China.

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan and registered foreign lawyer Moran Zhang. Members of the Davis Polk team are based in the Hong Kong office.