Davis Polk advised the joint lead managers in connection with the Regulation S offering of $152 million principal amount of 12.5% senior notes due 2021 by Yango (Cayman) Investment Limited. The notes are guaranteed by Fujian Yango Group Co., Ltd.

Fujian Yango Group Co., Ltd. is a large private corporate group primarily engaged in property development, trading, education service and environmental protection businesses. Leveraging its strong foothold in Fujian province, Fujian Yango Group Co., Ltd. has expanded into other cities across China including Shanghai, Beijing, Hangzhou, Fuzhou and Shenzhen.

The Davis Polk corporate team included partners Gerhard Radtke and Yang Chu, counsel Bingqing Pan and registered foreign lawyer Jennifer Liu. Associate Summer Xia provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.

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