DeHeng's Hong Kong Associated Firm Advised ron its issuance of CNY258.9 million listed FTZ bonds with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Hunan Corporation Limited (湖南銀行股份有限公司)

2023-02-21

Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised Guiyang County Rongcheng Holding Group Co., Ltd. (桂阳县蓉城控股集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY258,000,000 5.0 per cent. credit enhanced bonds due 2026 in Shanghai Free-Trade Zone supported by an irrevocable standby letter of credit provided by Bank of Hunan Corporation Limited (湖南銀行股份有限公司) and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (“MOX”). The Bonds will be listed on the MOX (Stock code: MOXLB2322) on 21 February 2023.

Since its establishment in 2019, the Group has served as the core operating entity carrying out infrastructure construction business, trading business, service business and other businesses in Guiyang County. The Group serves the dual purposes of supporting local social and economic development and achieving business growth. Leveraging on the robust economic growth in Guiyang County, Hunan Province and the favourable local as well as national strategies, the Group will continue to expand its business. 

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, Liz Tang, Andy Kwok, Neil Wang and Sherry Zhang.