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Paul Hastings Advises Sino-Ocean Land in its US$400 Million Perpetual Subordinated Capital Securities Issuance

May 17, 2011

Hong Kong (May 17, 2011) Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised Sino-Ocean Land Holdings Ltd (Sino-Ocean Land), one of the largest real estate companies in Beijing, on its US$400 million perpetual subordinated capital securities issue. This marks the first perpetual capital securities issue by a Chinese property company. Goldman Sachs, BOC International and HSBC acted as the joint lead managers on the transaction.

Paul Hastings debt capital markets team has previously advised Sino-Ocean Land on a range of transactions including the landmark issue by its subsidiary of perpetual subordinated convertible securities in the aggregate principal amount of US$900 million. The team also advised on China Life Insurances subscription of new shares in Sino-Ocean Land valued at US$750 million and Sino-Ocean Lands US$700 million loan facility.

The Paul Hastings team was led by partners

and with support from associates , , and

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.

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