Davis Polk advised Poly Real Estate Finance Ltd, a wholly owned subsidiary of Poly Real Estate Group Co., Ltd. (Poly Real Estate), in connection with its Regulation S offering of US$500 million 4.5% guaranteed bonds due 2018. The bonds were guaranteed by Poly Real Estate’s wholly owned subsidiary Hengli (Hong Kong) Real Estate Limited. The bonds were supported by a keepwell deed and an equity purchase undertaking from Poly Real Estate, and a keepwell deed from China Poly Group Corporation, the parent company of Poly Real Estate.

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Ashurst announces the appointment of John K.J. Kim as a partner in its Hong Kong office.

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Ropes & Gray LLP announced today that Jaewoo Lee has joined its corporate department as a partner. Mr. Lee focuses on corporate and financial transactions, particularly cross-border mergers & acquisitions. He will initially be based out of New York and Hong Kong and will relocate to the firm’s Seoul office when his license to practice in Korea is approved.

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Nigel Binnersley and Kristi Swartz have joined the international law firm Bryan Cave LLP as partners in the firm’s Hong Kong office. Binnersley will practice with Bryan Cave’s Commercial Litigation Client Service Group and Swartz will practice with the Transactions Client Service Group.

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Baker & McKenzie acted as REIT trustee’s counsel for Regal Real Estate Investment Trust (“Regal REIT”) on its HK$4.5 billion term loan and a HK$300 million revolving loan in July 2013, which are both for a term of approximately 5 years. The new term loan will be used for refinancing the existing term loan facility that will mature on 9 March 2015. The revolving loan will be used for general corporate funding purposes of Regal REIT.

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The firm is representing an affiliate of KKR Asset Management in connection with its pending acquisition of a 9.5% stake in PT Tiga Pilar Sejahtera Food Tbk (“TPSF”).  This will be KKR’s first investment in Indonesia.

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Paul Hastings, a leading global law firm, announced today that it represented Haitong International Securities Group Limited (“Haitong International”), a subsidiary of Haitong Securities Co., Ltd., the second largest securities firm in China by total assets, in its issuance of HK$776 million 1.25% convertible bonds due 2018. HSBC acted as the sole global coordinator, bookrunner and lead manager on the transaction.

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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 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.

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Davis Polk is advising Baidu Holdings Limited in connection with its $1.9 billion acquisition of 91 Wireless Websoft Limited. The memorandum of understanding for the transaction was signed on July 15, 2013. The transaction is subject to the conclusion of definitive documentation, which are expected to be signed by August 14, 2013.

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Global legal practice Norton Rose Fulbright has advised The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) as facility agent and the Mandated Lead Arrangers in relation to a US$101.8 million equivalent  dual currency syndicated term facility to HKSE-listed PRC property developer, Yuzhou Properties Company Limited (the “Borrower”), dated 30 April 2013. The Mandated Lead Arrangers were Hang Seng Bank Limited, HSBC, Tai Fung Bank Limited, The Bank of East Asia, Limited, Luso International Banking Limited and China Guangfa Bank Co., Ltd., Macau Branch.

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