Davis Polk advised Bestgain Real Estate Lyra Limited, a wholly owned subsidiary of China Vanke Co., Ltd. (China Vanke), in connection with its renewal and update of a US$2 billion medium-term note program. The notes were guaranteed by China Vanke’s wholly owned subsidiary Vanke Real Estate (Hong Kong) Company Limited and supported by a keepwell deed and an equity purchase undertaking from China Vanke.   

China Vanke is a leading residential property developer in China primarily focusing on the development, sales and management of quality residential properties. China Vanke’s ordinary shares are listed on the Shenzhen Stock Exchange and the Stock Exchange of Hong Kong Limited.   

The Davis Polk corporate team included partner Paul Chow, counsel Liang (Alex) Tao and associate Yang Chu. Members of the Davis Polk team are based in the Hong Kong office.     

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