DeHeng (Hong Kong) advised Chongqing Chijia Tourism Culture Creative Development Group Co., Ltd. (重庆市赤甲旅游文化创意开发集团有限责任公司) on its issuance of CNY188 million listed bonds with the benefit of an irrevocable Standby Letter of Credit issued by Chongqing Rural Commercial Bank Co., Ltd.

2023-07-03

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Chongqing Chijia Tourism Culture Creative Development Group Co., Ltd. (重庆市赤甲旅游文化创意开发集团有限责任公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY188,000,000 4.2 per cent. credit enhanced bonds due 2026 with the benefit of an irrevocable Standby Letter of Credit provided by Chongqing Rural Commercial Bank Co., Ltd., and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”). 

Since the Issuer establishment in 2016, the Group has carried out municipal development activities and provided public services in Chongqing City. The Group’s businesses include agent construction business, cultural tourism business, sales of navel orange and corrugated box for navel orange business and other businesses. Leveraging on the development of  Chongqing City and Fengjie County, strong shareholder’s support and the experienced management team of the Group, the Group has undertaken and played an important role in the development of Chongqing City.

Listing of the bonds on the MOX (Stock code: MOXTB2336) commenced on 3 July 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.