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DeHeng (Hong Kong) advised Qingtian Transportation Development Investment Co., Ltd. (青田县交通发展投资有限公司) on its issuance of RMB483.0 million listed FTZ bonds with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Ningbo Co., Ltd., Lishui Branch (宁波银行丽水分行)

2023-05-23


DeHeng Law Offices (Hong Kong) LLP advised Qingtian Transportation Development Investment Co., Ltd. (青田县交通发展投资有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of RMB483,000,000 3.70 per cent. credit enhanced bonds due 2026 in Shanghai Free-Trade Zone supported by an irrevocable standby letter of credit provided by Bank of Ningbo Co., Ltd., Lishui Branch (宁波银行丽水分行) and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (“MOX”). The Bonds is listed on the MOX (Stock code: MOXTB2311) on 23 May 2023.


The Issuer is the core state-owned asset operation and infrastructure construction entity in Qingtian County, which was established by the Transportation Bureau of Qingtian County (青田县交通局) in 1997. The Issuer primarily engages in infrastructure construction, land development and consolidation and public utility operation within Qingtian County designated by the Qingtian County People’s Government and the local government agencies. Leveraging strong government support, the Issuer has played an essential role in furthering the social and economic development of Qingtian County by undertaking and completing a number of strategically important infrastructure projects in Qingtian County. 


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.

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