NEWS

Paul Hastings Advises Morgan Stanley on Yuzhou Properties HK$1.62 Billion Hong Kong IPO and Global Offering

November 02, 2009

Hong Kong (November 2, 2009) Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised Morgan Stanley as the sole bookrunner in the HK$1.62 billion (approximately US$208 million) Hong Kong IPO and global offering of Yuzhou Properties Company Limited (Yuzhou Properties), a leading property developer in Chinas Fujian province. The listing comprised a Hong Kong public offer and an international offering, including a placement under Reg S/Rule 144A.

We are delighted to have advised Morgan Stanley on this successful Hong Kong IPO, said Raymond Li, a partner in the Paul Hastings capital markets practice in Hong Kong and chair of the firms Greater China practice. This is the fourth successful IPO that the firm has completed this year, highlighting the firms significant presence in the Hong Kong and global capital markets.

Earlier in October the firm advised Glorious Property Holdings Limited on its HK$9.9 billion (approximately US$1.28 billion) as well as Citigroup and Deutsche Bank AG as bookrunners and joint lead managers on the HK$2.1 billion (approximately US$265 million) IPO of China Vanadium.

The Paul Hastings team was led by capital markets partners Raymond Li and Sammy Li, assisted by associates Christina Loh and Esther Fung. The U.S. capital markets team on the transaction was led by Neil Torpey, Chair of the Paul Hastings Office in Hong Kong assisted by associate Justin Wolff.

Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.