Shearman & Sterling represented CCB International Capital Limited, CMB International Capital Limited, Guotai Junan Securities (Hong Kong) Limited, CRIC Securities Company Limited, Silk Road International Capital Limited, Kaisa Financial Group Company Limited and Golden Rich Securities Limited as the initial purchasers in connection with Skyfame International Holdings Limited’s offering of $100 million 13% senior notes due 2023, unconditionally and irrevocably guaranteed by Skyfame Realty (Holdings) Limited.

Skyfame International Holdings Limited is a subsidiary of Skyfame Realty (Holdings) Limited, which is principally engaged in the property development, investment, management and commercial operations in China.

The Shearman & Sterling team was led by partner Alan Yeung (Hong Kong-Capital Markets); associate Yuanjing Chen; special associate Cathy Qian; and legal assistant Bixuan Wang (all Shanghai-Capital Markets).