The net proceeds from the notes issuance will be used for general corporate purposes and for partial payment of the consideration in relation to the proposed acquisition of the Joy City Projects, comprising a portfolio of commercial and mixed-used property projects in Beijing, Shanghai, Tianjin, Yantai and Shenyang.

The Appleby team was led by Judy Lee, a corporate partner in the Hong Kong office, assisted by Senior Associate Chris Cheng and Associate Joanne Loi. Davis Polk & Wardwell advised COFCO Land Holdings and Double Rosy as to Hong Kong law, while Linklaters was the legal advisor to the joint lead managers and trustee as to Hong Kong law. King & Wood Mallesons was the PRC counsel to the joint lead managers.

COFCO Land Holdings is a large-scale property developer and operator in China with a focus on development, operation, sales, leasing and management of mixed-use complexes and commercial properties such as shopping malls, offices, serviced apartments, hotels and resorts.

For further information please contact Queenie Ngan.

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