Davis Polk advised Bestgain Real Estate Lyra Limited, a wholly owned subsidiary of China Vanke Co., Ltd. (China Vanke), in connection with its establishment of a $2 billion medium-term note program. The notes to be issued under the program will be 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.
The Davis Polk corporate team included partner Paul Chow and associates Liang (Alex) Tao and Yang Chu. Counsel Alon Gurfinkel and associate Sarah Joy provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.
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