DeHeng's Hong Kong Associated Firm Advised the Managers and Trustee on CNY372 million listed FTZ bonds guaranteed by Xiangshan County Binhai Investment Co., Ltd. (象山县滨海投资有限公司)

2023-02-24

Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised the Managers and Trustee on Peng Ying International Development Company Limited’s (蓬瀛国际发展有限公司) (the “Issuer”) issuance of CNY372,000,000 5.80% guaranteed bonds due 2026 unconditionally and irrevocably guaranteed by Xiangshan County Binhai Investment Co., Ltd. (象山县滨海投资有限公司) (the “Guarantor”, together with its subsidiaries, the “Group”) and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”).

Established in 2007, the Group is a major construction, management and operation entity of housing and property in Xiangshan County and is wholly owned by the Xiangshan SAMC (象山县国有资产管理中心). The Group is also the core operating entity carrying out housing and government-supported facilities construction in Xiangshan County. Leveraging on the development of Zhejiang Province and Xiangshan County, strong shareholder’s support and its diversified businesses, the Group has undertaken and completed a large number of housing construction and management projects and played an important role in the development of Xiangshan County.

Listing of the bonds on the MOX (Stock code: MOXLB2324) commenced on 22 February 2023.

The Partner of Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, Lily Liang, led the team includes Jason Wong, Vanessa Lai, Darryl Ting, Christina Yip, Connie Ip, Catherine Kwok, Dexter Yeung, Lilian Kwong, Fairy Wang, Evelyn Fan, Jeff Wang, Andy Kwok, Liz Tang, Neil Wang and Sherry Zhang.