Paul Hastings Advises Treasury China Trust in Structured Real Estate Loans in Excess of US$450 Million

February 22, 2011

Beijing (February 23, 2011) Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that it has advised Treasury China Trust (TCT), a leading owner, developer and manager of commercial real estate in China listed on the Singapore Exchange (SGX), on its 3-year multi-currency loan facility, equivalent to approximately US$120 million, to refinance its Central Plaza asset.

TCT has recently completed a successful refurbishment of Central Plaza, which it originally acquired in mid-2007. The Central Plaza loan was provided by a consortium of banks led by Citic Kawah and comprises a US$110 million loan and a RMB65 million loan. The Central Plaza loan facility is most recent of a series of complex multi-currency financing transactions valued in excess of US$450 million in which Paul, Hastings, Janofsky and Walker LLP acted on behalf of TCT.

The Paul Hastings team in the TCT financing transactions was led by partner Joel Rothstein, head of the Real Estate practice in Beijing with the assistance of attorneys Jenny Sheng, Elaine Liu and Ian Lane.

Paul, Hastings, Janofsky & Walker LLP 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.