News

DeHeng Advised Chongqing Construction Engineering Group Corporation Limited on Obtaining CSRC Approval for Public Offering of Convertible Bonds

2019-11-20


微信图片_20190711090624_副本.jpg


On September 6, 2019, the 18th Public Offering Review Committee of China Securities Regulatory Commission (CSRC) at its 121st meeting of 2019has approved the public issuance of convertible bonds by Chongqing Construction Engineering Group Corporation Limited (CCEGC) to raise no more than 1.66 billion yuan (inclusive).) at its 121st meeting of 2019. The issuer credit rating and the bond credit rating are both AA+, and the rating outlook is stable. The term of the bond term to maturity isshall be six years from the issuance date of issue. The convertible bonds issued and the future converted A shares will be listed on the Shanghai Stock Exchange.


CCEGC, whose predecessor was Chongqing Construction Engineering Group Co., Ltd. establishedwas founded on April 21, 1998, floated it’s A shares. CCEGC was listed on the A-share main board of Shanghai Stock Exchange on February 21, 2017 (stock code: 600939).


CCEGC is a large enterprise group specialized in building installation engineering, the construction of roads and bridges and municipal construction, and provides such services as engineering design, machinery manufacturing, franchising and logistics distribution. It is a certified special-grade EPC supplier for housing and highway engineering construction, and grade-one EPC supplier for municipal public works and for engineering construction of bridges, tunnels, electromechanical and steel structures, a grade-one1/class-A service supplier of rail transit, design and many other services. It boasts a registered capital of 1,814.5 million yuan and total assets of 63.663 billion yuan, and hires over 10,000 professionals. As the backbone of Chongqing's construction, CCEGC has undertaken most of the landmark projects in Chongqing, including Chongqing People's Auditorium, Three Gorges Museum, Olympic Sports Center, Chaotianmen Square, World Trade Center Building, Bonded Port, Science and Technology Museum, Guotai Art Center, International Expo Center, Egongyan Yangtze River Bridge, Massangxi Yangtze River Bridge, Light Rail Line 6 and so on.


As the legal counsel for this issuance, the DeHeng team, led by Wang Jian and Li Yangde, partners of its Chongqing office, and with primary support from lawyers Liao Mengying and Zhang Rang and paralegal Xu Jiamin, provided professional, high-quality and comprehensive legal services for the client. 

Relevant Lawyer

  • Jian WANG

    Partner

    Tel:+86 23 6301 2200

    E-mail:wangjian@dehenglaw.com

Search

QR Code

Scan QR Code
Share With My Friends