Shearman & Sterling represented CCB International Capital Limited, Guotai Junan Securities (Hong Kong) Limited, YONXI Securities Limited, Valuable Capital Limited, CMB International Capital Limited, Seazen Resources Securities Limited, Glory Sun Securities Limited, Continental Securities Limited and Guolian Securities International Capital Co., Limited as the initial purchasers in connection with Skyfame International Holdings Limited’s offering of $112 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).