DeHeng's Hong Kong Associated Firm Advised Hubei Agricultural Valley Industrial Group Co., Ltd. (湖北农谷实业集团有限责任公司) on its issuance of CNY578 million FTZ bonds with the benefit of an irrevocable Standby Letter of Credit issued by Hubei Bank Corporation Limited

2023-02-23

Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised Hubei Agricultural Valley Industrial Group Co., Ltd. (湖北农谷实业集团有限责任公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY578,000,000 4.95 per cent. credit enhanced bonds due 2026 in Shanghai Free-Trade Zone supported by an irrevocable standby letter of credit provided by Hubei Bank Corporation Limited.

Since its establishment in 2012, the Group has served as the primary state-owned engineering construction and leasing entity in Jingmen City, Hubei Province, with a focus on engineering construction, sales of goods and agricultural products and land development and consolidation. The Group serves the dual purposes of supporting local social and economic development and achieving business growth. Leveraging on the robust economic growth in Jingmen City and Hubei 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.