DeHeng (Hong Kong) Advised Guiyang County Rongcheng Holding Group Co., Ltd. (桂阳县蓉城控股集团有限公司) on its issuance of CNY278.0 million listed FTZ bonds with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Changsha Co., Ltd. (长沙银行股份有限公司)

2023-03-21

DeHeng Law Offices (Hong Kong) LLP 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 CNY278,000,000 4.5 per cent. credit enhanced bonds due 2026 in Shanghai Free-Trade Zone supported by an irrevocable standby letter of credit provided by Bank of Changsha Co., Ltd. (长沙银行股份有限公司) and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (“MOX”). The Bonds is listed on the MOX (Stock code: MOXLB2345) on 21 March 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.

Lily Liang, the partner of DeHeng Law Offices (Hong Kong) LLP, led the team including Jason Wong, Vanessa Lai, Darryl Ting, Christina Yip, Connie Ip, Catherine Kwok, Evelyn Fan, Dexter Yeung, Lilian Kwong, Fairy Wang, Jeff Wang, Andy Kwok, Neil Wang, Sherry Zhang and Liz Tang.