Davis Polk advised the joint bookrunners and joint lead managers on a Regulation S offering by Weichai International Hong Kong Energy Group Co., Limited (the “Issuer”) of $400 million 4.125% guaranteed bonds due 2020. The Bonds are guaranteed by Weichai Power Co., Ltd. (the “Guarantor”). 

The Guarantor, listed on the Hong Kong Stock Exchange and Shenzhen Stock Exchange, is one of the leading manufacturers of automotive and equipment products in China with a diversified product portfolio covering powertrain, heavy-duty trucks, construction machinery, hydraulic devices and related components. In 2015, the Group was ranked by Fortune magazine the 70th among China’s top 500 enterprises.   

The Davis Polk corporate team included partner William F. Barron, counsel-registered foreign lawyer Gerhard Radtke and registered foreign lawyer Han (Annie) Shen. The tax team included counsel Alon Gurfinkel and associate Nicholas A. Machen. Members of the Davis Polk team are based in the Hong Kong and London offices.   

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