Mar 2022
Conyers provided British Virgin Islands and Cayman Islands legal advice to Redco Properties Group Limited (“Redco Properties”) in connection with its offer to purchase (i) at least US$177 million, or 90%, of the outstanding principal amount of its US$285 million 8.0% senior notes, (ii) at least US$274 million, or 90%, of the outstanding principal amount of its US$320 million 11.0% senior notes, and (iii) at least US$135 million, or 90%, of the outstanding principal amount of its US$150,000,000 13.0% senior notes.
Redco Properties is an integrated residential and commercial property developer primarily focusing on residential property development in the People’s Republic of China with an established presence in a number of key economic cities in the Greater Western Taiwan Straits Economic Zone, the Bohai Economic Rim, the Central and Western Regions and the Pearl River Delta Region.
Partner Flora Wong and Associate Ryan McConvey of Conyers’ Hong Kong office advised on the matter working alongside Sidley Austin.