We advised the initial purchasers on the Regulation S offering and concurrent exchange offer

Davis Polk advised the initial purchasers in connection with a Regulation S offering by Zensun Enterprises Limited of $57.58 million 12.5% senior notes due 2023 guaranteed by Zensun Group Limited as the parent guarantor and certain subsidiary guarantors.

Concurrently with the notes offering, Davis Polk also advised the deal managers in connection with the offer to exchange outstanding 12.8% senior notes due 2021 of Zensun Enterprises Limited for an additional issuance of $142.42 million 12.5% senior notes due 2023 guaranteed by Zensun Group Limited as the parent guarantor and certain subsidiary guarantors.

Zensun Group Limited is a property developer that focuses on developing a range of residential properties that cater to the various demands and preferences of middle to upper-middle class customers in Zhengzhou and selected cities with solid industrial base and high growth potential. Zensun Enterprises Limited is listed on the Hong Kong Stock Exchange.

The Davis Polk corporate team included partners Gerhard Radtke and Yang Chu, counsel Bingqing Pan and registered foreign lawyers Moran Zhang, Lyuning He and Sean Su. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.

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