Davis Polk advised the initial purchasers in connection with a debut Regulation S offering by Zensun Enterprises Limited of $220 million 12.8% senior notes due 2021. The notes are unconditionally and irrevocably guaranteed by Zensun Group Limited.

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-registered foreign lawyer Xuelin (Steve) Wang, registered foreign lawyer Jennifer Liu and associates Tracy Wu and Cathy Yuen. 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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