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DeHeng's Hong Kong Associated Firm advised Rugao Economic and Trade Development Co., Ltd. (如皋市經濟貿易開發有限公司) on its issuance of CNY675 million listed bonds

2023-01-05


Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised Rugao Economic and Trade Development Co., Ltd.(如皋市經濟貿易開發有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY675,000,000 4.20% credit enhanced bonds due 2026 in Shanghai Free-Trade Zone supported by an irrevocable standby letter of credit provided by Bank of Shanghai Co., Ltd, Nanjing Branch and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”).


Since its establishment in 1993, the Group is the primary investment, financing and construction entity for infrastructure construction, affordable housing construction and primary land development in the Rugao Economic and Technological Development Zone. Leveraging on the development of Rugao City and Jiangsu Province, strong shareholder’s support and an experienced management team of the Group, the Group has participated in most of Rugao City’s key construction projects.


Listing of the bonds on the MOX commenced on 5 January 2023 (Stock code: MOXLB2281).


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.

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