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DeHeng Advised Haidian District State-owned Assets Investment Group Co., Ltd. on Repurchasing Existing USD Bonds

2021-07-14

In May 2021, the overseas subsidiary of Haidian District State-owned Assets Investment Group Co., Ltd. initiated a cash tender offer for its existing bonds of USD 490 million issued overseas, with the offer price 100% of the principal amount (plus accrued interest), and a consent request was initiated at the same time. A special resolution was adopted to amend several terms of the bond agreement. Haitong International acted as the trading manager and D.F. King as the offer and tabulation manager. The repurchase was formally delivered in July 2021. 


As the Chinese legal counsel for Haidian District State-owned Assets Investment Group Co., Ltd., the DeHeng team was led by partner Hou Zhiwei, with primary support from Zhang Yan, Wen Bin, Wang Jing, Hu Xueyuan, Wang Yujia, Xianyu Jiashan, Sun Yuehao and Jiang Yue, and provided professional, comprehensive and high-quality legal services for the client.


Relevant Lawyer

  • Zhiwei HOU

    Partner

    Tel:+86 10 5268 2888

    E-mail:houzw@dehenglaw.com

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