Davis Polk advised China Cinda Asset Management Co., Ltd. (China Cinda) in connection with a private placement of US$230 million Regulation S guaranteed senior notes issued by China Cinda’s wholly owned subsidiary, China Cinda Finance (2014) II Limited. The notes are guaranteed by China Cinda (HK) Holdings Company Limited, a wholly owned subsidiary of China Cinda, and are supported by a keepwell deed and a deed of equity interest purchase, investment and liquidity support undertaking from China Cinda.
Headquartered in Beijing, China Cinda is a leading asset management company in the PRC and listed on the Hong Kong Stock Exchange. China Cinda focuses on distressed asset management and provides customized financial solutions and differentiated asset management services to its clients through the synergistic operation of its diversified business platforms. It is the first financial asset management company approved for establishment by the State Council and the leader of China’s distressed asset management industry in terms of income, profit, business scale and cash recovered.
The Davis Polk corporate team included partner Paul Chow, counsel Margie Chan and associates Yang Chu and Xiao Zhang. Counsel Alon Gurfinkel and associate Lena X. Qiu provided tax advice. Members of the Davis Polk team are based in the Hong Kong, Beijing and London offices.
Source: www.davispolk.com
