DeHeng's Hong Kong Associated Firm Advised the Issuer on the U.S.$300 million listed notes guaranteed by Hangzhou Linjiang Investment Development Co., Ltd. (杭州临江投资发展有限公司)

2022-11-29

Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised LinJiang Investment and Development (BVI) Co., Ltd (the “Issuer”) on its issuance of U.S.$300,000,000 7.1 per cent. guaranteed notes due 2025 unconditionally and irrevocably guaranteed by Hangzhou Linjiang Investment Development Co., Ltd. (杭州临江投资发展有限公司) (the “Guarantor”, together with its subsidiaries, the “Group”), and listed on the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).

Established in 2003, the Guarantor is a company wholly owned by the Hangzhou Qiantang New Area Administrative Committee. The Group has been serving as the core operating entity carrying out infrastructure construction, sales of goods, leasing and other businesses in Qiantang District. Leveraging on the development of Qiantang District and Zhejiang Province, strong shareholder’s support and the experienced management team of the Group, the Group has undertaken and completed a large number of municipal development and infrastructure construction projects and played an important role in the development of Qiantang District.

Listing of the notes on the Hong Kong Stock Exchange commenced on 29 November 2022 (Stock Code: 5644).

The partner of Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, Lily Liang, led the team including Jason Wong, Vanessa Lai, Darryl Ting, Christina Yip, Connie Ip, Catherine Kwok, Dexter Yeung, Lilian Kwong, Fairy Wang, Evelyn Fan, Jeff Wang, Andy Kwok, Neil Wang, Sherry Zhang and Liz Tang.