Davis Polk advised the placing agent for the top-up placement of up to 110,000,000 shares in China Maple Leaf Educational Systems Limited for a total consideration of approximately HK$1 billion.

China Maple Leaf is incorporated in the Cayman Islands with its shares listed on The Stock Exchange of Hong Kong Limited. China Maple Leaf is principally engaged in the business of operating international schools in the PRC.

The Davis Polk team included partners Paul Chow and James C. Lin, counsel Yang Chu and registered foreign lawyer Xuelin (Steve) Wang. All members of the Davis Polk team are based in the Hong Kong office.