We advised the dealer managers on the transaction

Davis Polk advised the dealer managers in connection with an exchange offer of 12.95% senior notes due 2022 and 14.25% senior notes due 2023 for $144.9 million 16.00% senior notes due 2023 issued by Golden Wheel Tiandi Holdings Limited.

Golden Wheel Tiandi is an integrated commercial and residential property developer, owner and operator in China. It focuses on developing projects in Jiangsu and Hunan provinces that are connected or close to metro stations or other transportation hubs. It also manages and sub-leases shopping malls in newly developed metro areas. Golden Wheel Tiandi is listed on the main board of the Hong Kong Stock Exchange (Stock Code: 1232).

The Davis Polk corporate team included partner Gerhard Radtke, counsel Bingqing Pan, registered foreign lawyer Marcus Tan and associate Rose Lu. All members of the Davis Polk team are based in the Hong Kong office.