DeHeng's Hong Kong Associated Firm Advised Qingtian County State-owned Assets Holding (青田县国有资产控股集团有限公司) on its issuance of RMB600.0 million listed bonds with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Hangzhou Co., Ltd Lishui Branch

2022-12-21

Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised the Joint Lead Managers and the Trustee on Qingtian County State-owned Assets Holding (青田县国有资产控股集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of RMB600,000,000 4.0% credit enhanced bonds due 2025 in Shanghai Free-Trade Zone with the benefit of  an irrevocable standby letter of credit provided by Bank of Hangzhou Co., Ltd Lishui Branch and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”).

The Group is the core state-owned asset operation and infrastructure construction platform in Qingtian County, which was established by the State-owned Assets Management Bureau of Qingtian County in 1999. The Group primarily conducts the business of land development and consolidation, urban infrastructure construction and public utility operation in Qingtian County. Leveraging on strong government support, the Group has completed a number of strategically important infrastructure projects and played an essential role in advancing the social and economic development in Qingtian County.

Listing of the bonds on the MOX (Stock code: MOXLB2270) commenced on 20 December 2022.

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.