DeHeng (Hong Kong) advised Huzhou Wuxing Industrial Investment Development Group Co., Ltd. (湖州吴兴产业投资发展集团有限公司) on its issuance of CNY230.0 million listed FTZ bonds with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Shaoxing Co., Ltd.

2023-03-24

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Huzhou Wuxing Industrial Investment Development Group Co., Ltd. (湖州吴兴产业投资发展集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY230,000,000 4.4 per cent. credit enhanced bonds due 2026 in Shanghai Free-Trade Zone backed by an irrevocable Standby Letter of Credit provided by Bank of Shaoxing Co., Ltd. and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”) on 23 March 2023 (Stock code: MOXLB2351). 

Since its establishment in 2013, the Group serves as the core operating entity responsible for infrastructure construction, land consolidation and development, as well as sale of resettlement housing in Huzhou City. The Group serves the dual purposes of supporting social and economic development of Huzhou City and achieving business growth. The Group has leveraged on the robust economic growth of Huzhou City and the favourable local as well as national strategies, to develop and 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, Fairy Wang, Dexter Yeung, Lilian Kwong, Jeff Wang, Andy Kwok, Sherry Zhang, Neil Wang and Liz Tang.