DeHeng Advised Huitong Construction Group Co., Ltd. on Public Offering of Convertible Corporate Bonds

2023-01-12

On January 11, 2023, Huitong Construction Group Co., Ltd. (stock code “603176”) publicly issued convertible corporate bonds known as “Huitong Convertible Bonds” with the bond code of “113665.” The total issuance scale was RMB 360 million, the issuer credit rating AA-, the bond credit rating also AA-, and the term six years. The bond was issued at face value, and the funds raised are intended to finance the 2021-2022 River Water Replacement Project (EPC) for Rural Domestic Water Sources in Xushui District, the Old-Town Renovation and Upgrading Project (Ecological Restoration and Urban Repair) Phase IV Project (Road Renovation and Upgrading Project Phase IV) (EPC) in Qingyuan District, Boding, and the road engineering (north of Shenbao Avenue) EPC project at Baoding-Shenzhen High-tech Innovation Industrial Park.

As the issuer's legal counsel, the DeHeng team, led by partner Sun Yanli, with primary support from Di Shuang, Jia Yulu and Fu Farui, provided comprehensive, professional, efficient and high-quality legal services for the issuance.