Apr 2023
Conyers acted as special legal counsel in the Cayman Islands and the British Virgin Islands to Central China Real Estate Limited (“Central China”) and certain subsidiary guarantors of the Company: Joy Ascend Holdings Limited, Sino Joy Enterprises Limited, Central China Real Estate Holdings Limited, Proud Sky Investments Limited, Leapup Limited, Bumper Up Limited and Artstar Investments Limited, in connection with (i) the issue by Central China of 7.25% Senior Notes due 2025 in exchange for Central China’s outstanding 7.25% Senior Notes due 2023, (ii) the issue by Central China of 7.9% Senior Notes due 2025 in exchange for the Company’s outstanding 7.9% Senior Notes due 2023, (iii) the issue by Central China of 7.65% Senior Notes due 2025 in exchange for Central China’s outstanding 7.65% Senior Notes due 2023, and (iv) the solicitation of consents in relation to Central China’s 7.25% Senior Notes due July 2024, 7.25% Senior Notes due August 2024, 7.75% Senior Notes due 2024 and 7.5% Senior Notes due 2025.
The New Notes are listed on the Official List of the SGX-ST.
Central China develops hotels, commercial and residential buildings and other properties in the People’s Republic of China (“PRC”). It also engages in property investment consulting, leasing, and management activities, as well as in hotel management, designing, commerce and trading and financial services businesses. It was founded in 1992 and is based in Zhengzhou, the PRC.
Partner Anna Chong, Counsel Alexander Doyle and Associate Yvonne Lee of Conyers’ Hong Kong office advised on the matter working alongside Sidley Austin.