DeHeng's Hong Kong Associated Firm Advised the Managers and Trustee on the issuance of EUR100 million listed bonds issued by Xinchang County Transportation Investment Group Co., Ltd. (新昌县交通投资集团有限公司)

2022-11-01

Chungs Lawyers, the associated firm of DeHeng in Hong Kong, being the legal advisers to the Joint Lead Managers and the Trustee, advised Xinchang County Transportation Investment Group Co., Ltd. (新昌县交通投资集团有限公司) (the "Issuer", together with its subsidiaries, the "Group") on its issuance of EUR100,000,000 4.4% credit enhanced bonds due 2025 with the benefit of an irrevocable standby letter of credit provided by Bank of Hangzhou Co., Ltd., Shaoxing Branch, and listed on the Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange").

Established in 2017, the Issuer is a leading state-owned enterprise based in Xinchang County and is substantially controlled by the Xinchang SASAC (新昌县人民政府国有资产监督管理委员会). The Group is also a key entity responsible for undertaking construction projects to develop the transportation facilities in Xinchang County. Leveraging on the development of Zhejiang Province, Shaoxing City and Xinchang County, strong shareholder’s support and an experienced management team of the Group, the Group has undertaken and completed a large number of municipal development projects and plays an important role in the development of Xinchang County.

Listing of the bonds on the Hong Kong Stock Exchange commenced on 1 November 2022 (Stock code: 5587).

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.