DeHeng Assisted Central China Securities – Yanxi New Town Affordable Housing Trust Beneficiary Rights Asset-Backed Scheme in Obtaining the Non-Objection Letter

2023-04-17

On April 7, 2023, the Shanghai Stock Exchange issued a letter of no objection on the Central China Securities – Yanxi New Town Affordable Housing Trust Beneficiary Rights Asset-Backed Scheme. This scheme was initiated and established by Jiangsu Yanxi New Town Investment and Development Co., Ltd. as the original equity holder, and Central China Securities Co., Ltd. as the scheme manager. The underlying assets are the trust beneficiary rights enjoyed by the original rights holders to the Guolian Trust – Yanxi New Town Affordable Housing Property Rights Trust. The total amount of asset-backed securities to be issued under this scheme shall not exceed RMB 767 million.

As the legal counsel of this scheme, the DeHeng team was led by partner Yu Yunbo of its Shanghai Office, with primary support of lawyers Lei Mingwei and Zhao Yueyang. They provided professional, comprehensive and high-quality legal services for the project, including the design and demonstration of transaction structures, legal due diligence of underlying assets, drafting and revision of transaction documents, issuance of final legal opinions and integrated solutions and opinions on relevant legal issues.