DeHeng (Hong Kong) advised Qingtian County Urban Construction Development Co., Ltd. (青田县城市发展投资有限公司) on its issuance of CNY500.0 million listed FTZ bonds with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Hangzhou Co., Ltd Lishui Branch (杭州银行丽水分行)

2023-03-28

DeHeng Law Offices (Hong Kong) LLP advised Qingtian County Urban Construction Development Co., Ltd. (青田县城市发展投资有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY500,000,000 3.80 per cent. credit enhanced bonds due 2026 in Shanghai Free-Trade Zone supported by an irrevocable standby letter of credit provided by Bank of Hangzhou Co., Ltd Lishui Branch (杭州银行丽水分行) and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (“MOX”). The Bonds is listed on the MOX (Stock code: MOXLB2347) on 27 March 2023.

Since its establishment in 2000, the Group has served as the core operating entity carrying out infrastructure construction, land development and consolidation, waterworks and other businesses in Qingtian 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 Qingtian County, Zhejiang 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, Fairy Wang, Dexter Yeung, Lilian Kwong, Jeff Wang, Andy Kwok, Sherry Zhang, Neil Wang and Liz Tang.