Davis Polk advised Red Star Macalline Group Corporation Ltd. (“Red Star”) in connection with its initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. The gross proceeds from the offering amounted to approximately HK$7.2188 billion (US$931.1 million) prior to any exercise of the over-allotment option.    

Red Star is the largest home improvement and furnishings shopping mall operator in China in terms of operating area, number of shopping malls and geographic coverage according to Frost & Sullivan. As of December 31, 2014, Red Star had a network of 158 shopping malls with a total operating area of approximately 10,752,853 square meters offering over 18,000 product brands across 115 cities in 26 provinces in China.  

The Davis Polk corporate team included partners Bonnie Y. Chan, Antony Dapiran and Li He, counsel Liang (Alex) Tao, associates Christine Xu and John Kwok and registered foreign lawyers Bo Huang, Bingqing Pan and Yazhe Liu. Counsel Alon Gurfinkel provided tax advice. Members of the Davis Polk team are based in the Hong Kong, Beijing and London offices. 

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