DeHeng (Hong Kong) advised Huzhou City Investment Development Group Co., Ltd.（湖州市城市投资发展集团有限公司）on its issuance of U.S.$300 million listed notes.

2023-06-08

DeHeng Law Offices (Hong Kong) LLP advised the Huzhou City Investment Development Group Co., Ltd.（湖州市城市投资发展集团有限公司） (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of U.S.$300,000,000 5.68 per cent. notes due 2026, which is listed on the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).

The Issuer was established in 1993 and is a state-owned enterprise under the control of the Huzhou Municipal People’s Government. The Issuer is designated to carry out the Huzhou Municipal Government’s blueprint for the urban infrastructure construction and municipal development in Huzhou City. The Group is mainly engaged in urban infrastructure construction, property development, water supply and gas supply services and other businesses. By virtue of its diversified development strategy and business success in various sectors, the Issuer has experienced rapid growth in recent years and has also benefited from the economic strengths and strategic location of Huzhou City. 

Listing of the bonds on the Hong Kong Stock Exchange (Stock code:5800) commenced on 7 June 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, Fairy Wang, Dexter Yeung, Lilian Kwong, Jeff Wang, Andy Kwok, Sherry Zhang, Neil Wang and Liz Tang.