We advised Beijing Hongkun on the transaction

Davis Polk advised Beijing Hongkun Weiye Real Estate Development Co., Ltd. in connection with its solicitation of consents to certain amendments to the indenture dated October 8, 2019 governing the 14.75% senior notes due 2022 issued by Hongkong Ideal Investment Limited, a wholly owned subsidiary of Beijing Hongkun. 

Beijing Hongkun is a property developer in the PRC with market presence in the Beijing-Tianjin-Hebei region and selected cities in the Yangtze River Delta, the Pearl River Delta, Central China and Hainan Province. Beijing Hongkun primarily engages in the development and sale of a diversified portfolio of residential properties, catering to the need of a wide range of customers. It also develops business parks and commercial properties including shopping complexes, office buildings and retail stores.

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan, associate Edwin Lee and registered foreign lawyers Moran Zhang and Allie Ma. All members of the Davis Polk team are based in the Hong Kong office.

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