Sidley Austin Advises Agile Property Holdings Limited on US$400 million High Yield Offering

Sidley Austin Advises Agile Property Holdings Limited on US$400 million High Yield Offering

October 03, 2006

    HONG KONG, Oct. 3 /Xinhua-PRNewswire/ -- International
law firm Sidley Austin has represented Agile Property
Holdings Limited (Agile), a company listed on The Stock
Exchange of Hong Kong, as U.S. and Hong Kong counsel in
connection with its issuance of US$400 million 9% Senior
Notes due 2013 including "high yield" covenants,
pursuant to Regulation S and Rule 144A, with a listing on
the Singapore Stock Exchange.  The high-yield issuance,
which closed on Friday, September 22, marks Agile's first
international debt offering and is the first to be offered
by a Chinese-based company since April this year.

    The transaction was led by partner, Matthew Sheridan,
of Sidley's Hong Kong office. Mr. Sheridan commented,
"It was a pleasure and an honor to work with the Agile
team, this transaction being the second time we have
represented the company. We first worked with Agile as HK
counsel on its initial public offering in December last
year. Partner Constance Choy led the Hong Kong team in that
transaction."

    Agile is a Chinese property developer based in
Guangzhou, China, and is one of the largest property
developers in the rapidly growing Pearl River Delta
region.

    Notes for Editors:

    Sidley is one of the world's largest full-service law
firms, with more than 1,600 lawyers practicing in 15
offices on 3 continents (Asia, Europe and the U.S.).  We
are consistently ranked at the top of the Thomson Financial
league tables. For 2005, we were ranked as:

    -- top issuer counsel and third as underwriter counsel
for U.S. debt,
       equity and equity-related offerings;
    -- top issuer counsel and top underwriter counsel for
U.S. investment grade
       debt; and
    -- top issuer counsel and third underwriter counsel for
U.S. straight debt,
       including asset-backed and mortgage backed
securities.

    In Asia, lawyers in the corporate finance team advise
clients on U.S., Hong Kong and English law in connection
with all types of equity, debt and equity-linked
transactions, including SEC-registered offerings in the
United States, international securities offerings pursuant
to Rule 144A and Regulation S governed by U.S. and English
law, The Stock Exchange of Hong Kong Main Board and Growth
Enterprise Market (GEM) listings, and issuances involving
the creation of ADR or GDR programs.

    In 2005, Sidley ranked first in relation to the number
of transactions advising issuers and first (tied) in
relation to the number of transactions advising
underwriters for listings on The Stock Exchange of Hong
Kong Mainboard. (Asian Legal Business, Jan 2006)

    In 2006, Sidley was named to Legal Business' Global
Elite, their survey of "the 15 finest law firms in the
world."

    For more information, please contact:

     Matthew Sheridan
     partner of Sidley Austin LLP
     Tel:   [phone]
     Email: [e-mail]

     Lisa Kong
     marketing manager
     Sidley Austin LLP
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Sidley Austin LLP