Davis Polk advised the joint lead managers in connection with the Regulation S offering of $75 million principal amount of 11.875% senior notes due 2023, to be consolidated and form a single class with the $175 million 11.875% senior notes due 2023 by Yango (Cayman) Investment Limited on November 10, 2020. 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 services 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 and registered foreign lawyers Jennifer Liu and Allie Ma. All members of the Davis Polk team are based in the Hong Kong office.

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