Jul 2024
Conyers advised Road King Infrastructure Limited in connection with (i) the tender offers in respect of the 6.7% guaranteed senior notes due 2024, 5.9% guaranteed senior notes due 2025, 6.0% guaranteed senior notes due 2025, 5.2% guaranteed senior notes due 2026 and 5.125% guaranteed senior notes due 2026 (collectively, the “Notes”); and (ii) the solicitation of consent in respect of 7.75% senior guaranteed perpetual capital securities.
Road King Infrastructure Limited (HK stock code: 1098) is a prominent property developer in Mainland China and Hong Kong focusing on developing quality residential apartments, and also a leading toll road investor and operator in Mainland China with over 20 years of experience in the industry. The existing real estate portfolio is mainly located in the Yangtze River Delta, Bohai Rim regions and Greater Bay Area, comprising a land reserves of about 7.91 million square meters. The current toll road portfolio consists of five expressways spanning 340 km in Mainland China.
Partners Christopher Bickley, Wynne Lau and Ryan McConvey of Conyers’ Hong Kong office advised on the matter, working alongside Reed Smith Richards Butler.