Davis Polk advised the placing agent for the top-up placement of up to 103,500,000 shares in Ronshine China Holdings Limited (Ronshine) for a total consideration of approximately HK$1.1 billion.

Ronshine is incorporated in the Cayman Islands with its shares listed on The Stock Exchange of Hong Kong Limited. Ronshine is a property developer in the PRC and is principally engaged in the property development of mid- to high-end residential properties and also develops commercial properties integrated with or in the vicinity of its residential properties, including office buildings, retail shops and other commercial properties.

The Davis Polk team included partner Paul Chow, counsel Yang Chu, registered foreign lawyer Xuelin (Steve) Wang and associate Jeffrey Chan. All members of the Davis Polk team are based in the Hong Kong office.

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