NEWS

Paul Hastings Advises Treasury China Trust in Acquisition and Financing of Shanghai Shopping Mall

July 11, 2011

Beijing & Shanghai (July 11, 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 Stock exchange, in its acquisition and financing of the Huai Hai Mall complex in Shanghai, China. Huai Hai Road is one of Shanghais major precincts for high-end and luxury brand retail shops.

As well as assisting in the purchase and sale documentation, Paul Hastings also advised in the negotiation and closing of the acquisition financing, consisting of an approximately S$55.29 million dual currency onshore and offshore loan facility provided by CITIC Bank International and CITIC Bank International (China) Limited, Shanghai Branch.

The Paul Hastings team was led by partners Joel Rothstein and David Blumenfeld with support from Jason Sass, Wayne Ma and Julian Zhu.

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.