DeHeng (Hong Kong) advised Huikai International Investment Co., Limited (惠开国际投资有限公司) on its issuance of U.S.$50 million listed bonds with the benefit of a keepwell and liquidity support deed and a deed of equity interest purchase undertaking by Wuxi Huishan Hi Tech Co., Ltd. (无锡惠山高科有限公司)

2023-03-21

DeHeng Law Offices (Hong Kong) LLP advised the managers on Huikai International Investment Co., Limited (惠开国际投资有限公司) (the “Issuer”) on its issuance of U.S.$50,000,000 6.9% bonds due 2024 with the benefit of a keepwell and liquidity support deed and a deed of equity interest purchase undertaking by Wuxi Huishan Hi Tech Co., Ltd. (无锡惠山高科有限公司) (the “Company”), and listed on the Singapore Exchange Securities Trading Limited (the “SGX-ST”). 

The Company is wholly-owned by Wuxi Huishan Economic Development Zone SASAC, as a key player in infrastructure construction and construction of compensatory housing for resettled households in Wuxi Huishan Economic Development Zone. Wuxi Huishan Economic Development Zone Management Committee has mandated the Company to implement the plan of the Wuxi Municipal Government to develop the infrastructure of Wuxi Huishan Economic Development Zone. Since its inception in 2019, the Company has been playing a significant role in enhancing the development and competitiveness of Wuxi Huishan Economic Development Zone.

Listing of the bonds on the SGX-ST commenced on 21 March 2023.

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