DeHeng's Hong Kong Associated Firm advised Ganzhou Urban Investment Holding Group Co., Ltd. (赣州城市投资控股集团有限责任公司) (the “Issuer”) on its issuance of USD62.0 million listed notes with the benefit of an irrevocable Standby Letter of Credit issued by Postal Savings Bank of China Co., Ltd. Jiangxi Branch

2023-03-01

Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised the issuer on Ganzhou Urban Investment Holding Group Co., Ltd. (赣州城市投资控股集团有限责任公司) (the “Issuer”) on its issuance of USD62,000,000 5.898% credit enhanced notes due 2026 with the benefit of an irrevocable Standby Letter of Credit provided by Postal Savings Bank of China Co., Ltd. Jiangxi Branch, and listed on the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).

The Issuer is the pillar enterprise that carries out financing, investment, construction, operation and management of infrastructure construction and land development in the region. Since its establishment, the Issuer has continued to benefit from its strategic relationship with and received strong support from the Ganzhou Municipal Government. The Issuer has participated in a wide range of infrastructure construction projects including key public facilities, major roadways, railway stations and affordable housings. 

Listing of the notes on the Hong Kong Stock Exchange (Stock code: 5717) commenced on 27 February 2023.

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.