Paul Hastings Advises Deutsche Bank and Goldman Sachs on Sunac Chinas US$336 Million Hong Kong IPO and Global Offering

October 07, 2010

Hong Kong (October 7, 2010) Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised Deutsche Bank AG, Hong Kong Branch (Deutsche Bank) as the Sole Sponsor and Deutsche Bank and Goldman Sachs (Asia) L.L.C (Goldman Sachs) as the Joint Global Coordinators, Bookrunners and Lead Managers, in the US$336 million Hong Kong IPO and global offering of Sunac China Holdings Ltd., a Tianjin-based property developer. The listing comprised a Hong Kong public offering and a Reg S/Rule 144A international offering.

This transaction follows the successful completion of numerous capital markets transactions by Paul Hastings over the last three weeks. These include Changfeng Axles US$103 million Hong Kong IPO and Franshion Properties private placement of up to US$600 million of perpetual subordinated convertible securities, as well as over US$1 billion in Hong Kong equity offerings in which Paul Hastings advised both issuers and underwriters, including Goldman Sachs, Morgan Stanley, CCB International Capital Limited and China International Capital Corporation.

Raymond Li, chair of the Greater China practice at Paul Hastings in Hong Kong, commented: This latest IPO rounds off a very successful period for our Asia capital markets practice, enhancing Paul Hastings reputation as one of the leading capital markets practices amongst the international law firms in Asia. This is the second PRC real estate company to list in Hong Kong this year and Paul Hastings has successfully advised on both transactions, reflecting our strength in this area of the market along with our strong presence in construction, natural resources, transportation and logistics, energy, hospitality, consumer products, pharmaceuticals, and retail amongst other industries.

The Paul Hastings team was led by capital markets partners Raymond Li, Sammy Li, Neil Torpey and Steve Winegar, assisted by associates John Baptist Chan, Dane Johansen, Tommy Lam and Catherine Chu.

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.