Davis Polk advised the joint lead managers in connection with the $300 million Regulation S offering by Yango (Cayman) Investment Limited of its 6.85% notes due 2020. The notes are guaranteed by Fujian Yango Group Co., Ltd.
Fujian Yango Group Co., Ltd. is a large private corporate group primarily engaging in property development, trading and education service businesses. Leveraging its strong foothold in Fujian province, Fujian Yango Group Co., Ltd. has expanded into other cities across China including Beijing, Shanghai, Xi’an, Hangzhou and Suzhou.
The Davis Polk corporate team included partners William F. Barron and Paul Chow, counsel Faisal Baloch and associates Yang Chu, Bingqing Pan and Flora Tsui. The tax team included counsel Alon Gurfinkel and associate Kelli A. Rivers. Members of the Davis Polk team are based in the Hong Kong and London offices.