Shearman & Sterling represented DBS Bank Ltd. and Keystone Capital Limited as the joint lead managers in connection with Gemstones International Limited’s HK$298 million 6% guaranteed commercial paper notes due 2021, US$7.36 million 6% guaranteed commercial paper notes due 2021 and CNY$8.6 million 6% guaranteed commercial paper notes due 2021, unconditionally and irrevocably guaranteed by LVGEM (China) Real Estate Investment Company.

The team was led by partner Alan Yeung (Hong Kong-Capital Markets); associate Yuanjing Chen; international specialist Yiming Chen (both Shanghai-Capital Markets); and Hayley Law (Hong Kong-Capital Markets).

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NOTES TO EDITORS:

About Shearman & Sterling:

With more than 850 lawyers in 24 offices, Shearman & Sterling is a global law firm that partners with corporations, major financial institutions, emerging growth companies, governments and state-owned enterprises to provide the legal and industry insight needed to navigate the challenges of today and achieve their ambitions of tomorrow. Our lawyers come from some 80 countries and speak more than 60 languages.

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