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O’Melveny Represents China VAST in US$180 Million High Yield Bond Offering

June 28, 2019

FOR IMMEDIATE RELEASE

HONG KONG—June 28, 2019—O’Melveny represented China VAST Industrial Urban Development Company Limited (“China VAST”) (6166.HK) in the US$180 million offering of 13% senior secured notes due 2021. Approval in-principle has been received for the listing and quotation of the Notes on the SGX-ST.

The high yield note offering is made purusant to Regulation S of the Securities Act of 1933. Nomura (B&D), Morgan Stanley, and Haitong International served as Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers, and CCB International, CMB International and First Shanghai Securities Limited served as Joint Bookrunners and Joint Lead Managers.

China VAST intends to use the proceeds for repayment of certain existing indebtedness, investment in industrial town and property development projects, and general corporate purposes.

The O’Melveny team advising China VAST was led by partners Edwin Kwok and Jeeho Lee, with support from associates Nick Ahn, Henry Wong, and Yuki Tsang, and trainee solicitor Daryl Wan.

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Contact:

Christopher Rieck
O’Melveny & Myers LLP
+1 212 326 2218
crieck@omm.com

Chris Schob
O’Melveny & Myers LLP
+86 21 2307 7000
cschob@omm.com