Paul Hastings, a leading global law firm, announced today that it advised the international underwriters on the US$405 million initial public offering by Travellers International Hotel Group, Inc. (“Travellers”) and the listing of its shares on the Philippine Stock Exchange. Travellers, a joint venture between Genting Hong Kong Limited and Philippine conglomerate Alliance Global Group, Inc., is the developer and operator of Resorts World Manila, the first integrated tourism resort in the Philippines. The IPO proceeds will be used to expand Resorts World Manila.

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Davis Polk advised Bestgain Real Estate Lyra Limited, a wholly owned subsidiary of China Vanke Co., Ltd. (China Vanke), in connection with its Regulation S issue of S$140 million 3.275% guaranteed notes due 2017 under its US$2 billion medium-term note program. The notes were guaranteed by China Vanke’s wholly owned subsidiary Vanke aReal Estate (Hong Kong) Company Limited and supported by a keepwell deed and an equity purchase undertaking from China Vanke.

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Baker & McKenzie acted as counsel to DB Trustees (Hong Kong) Limited, in its capacity as the trustee of Hui Xian Real Estate Investment Trust (“Hui Xian REIT”), on the HK$1,525 million term loan facility for Hui Xian REIT. The term loan facility will be used to fund the repayment of existing loan facilities and for general corporate funding needs, including financing future acquisitions.

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Addleshaw Goddard is expanding its Corporate and Litigation capability in Greater China with the arrival today of Nigel Francis, former Head of Litigation and Employment at Minter Ellison, as head of its associated Hong Kong law firm operations, and the appointment of five additional senior hires.

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Davis Polk advised Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities plc, Deutsche Bank AG, Singapore Branch and China Merchants Securities (HK) Limited, as initial purchasers of a Rule 144A/Regulation S offering by Evergrande Real Estate Group Limited of $1 billion aggregate principal amount of its 8.75% senior notes due 2018.

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The Firm represented the underwriters of the initial public offering in Hong Kong and Rule 144A/Regulation S offering by Hydoo International Holding Limited  (Hydoo International). Hydoo International offered an aggregate of 768,256,000 shares, which raised approximately HK$1.65 Billion (US$212 Million) in gross proceeds for Hydoo International. Hydoo International is a leading developer and operator of large-scale trade centers comprising commercial complex, exhibition and conference centers, office space, warehouse, logistics facilities and residential building in China, with a focus in third- and fourth-tier, and selected second-tier, cities. It is the second largest developer and operator of large-scale trade centers in terms of number of large-scale trade centers in China. The shares of Hydoo International are listed on the Hong Kong Stock Exchange. UBS and Morgan Stanley acted as joint global coordinators, joint bookrunners, joint lead managers and joint sponsors; and ABCI, CIMB, CMS, ICBCI and  BOCOM International acted as joint bookrunners and joint lead managers.

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Leading international law firm Clifford Chance has advised Haitong International Finance Holdings Limited, an indirect wholly-owned subsidiary of Haitong Securities Co., Ltd. (Haitong Securities), on its issue of US$900 million 3.95% Reg S credit-enhanced bonds due 2018. This is the first time that Haitong Securities has tapped the international US dollar market and is the second-largest credit-enhanced offering to date. The notes included credit enhancement from Bank of China Singapore in addition to a keepwell deed from Haitong Securities.

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Herbert Smith Freehills advised Goldman Sachs (Asia) LLC as the placing agent on a US$294 million private placement of new H-shares in Chinese railway power equipment maker Zhuzhou CSR Times Electric Company Limited.

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Herbert Smith Freehills has advised Agricultural Bank of China Limited Hong Kong Branch, Bank of China (Hong Kong) Limited, CCB International Capital Limited, China International Capital Corporation Hong Kong Securities Limited, Credit Suisse Securities (Europe) Limited and J.P. Morgan Securities Plc as joint lead managers on the Regulation S international offering of US$400 million 6.00% senior notes due 2023 by China Taiping New Horizon Limited.

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Mayer Brown JSM today announced that Gabriela Kennedy has joined the firm and will lead the IP & TMT group in Asia. She will be based in Hong Kong.

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