DeHeng (Hong Kong) advised Rugao Economic and Trade Development Co., Ltd. (如皋市經濟貿易開發有限公司) on its issuance of CNY625 million listed bonds

2023-06-09

DeHeng Law Offices (Hong Kong) LLP advised Rugao Economic and Trade Development Co., Ltd. (如皋市經濟貿易開發有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY625,000,000 3.9% credit enhanced bonds due 2026 in Shanghai Free-Trade Zone supported by an irrevocable standby letter of credit provided by Huishang Bank Corporation Limited and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”). Listing of the bonds on the MOX commenced on 2 June 2023 (Stock code: MOXTB2318).

Since its establishment in 1993, the Group is the primary investment, financing and construction entity for infrastructure construction, affordable housing construction and primary land development in the Rugao Economic and Technological Development Zone. Leveraging on the development of Rugao City and Jiangsu Province, strong shareholder’s support and an experienced management team of the Group, the Group has participated in most of Rugao City’s key construction projects.

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.