DeHeng (Hong Kong) advised Xiaogan Gaochuang Investment Co., Ltd. (孝感市高创投资有限公司) on its issuance of CNY170 million listed bonds backed by an irrevocable Standby Letter of Credit issued by Evergrowing Bank Co., Ltd, Wuhan Branch

2023-09-01

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Xiaogan Gaochuang Investment Co., Ltd. (孝感市高创投资有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY170,000,000 4.8 per cent. credit enhanced bonds due 2026 with the benefit of an irrevocable Standby Letter of Credit provided by Evergrowing Bank Co., Ltd, Wuhan Branch, and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”). 

Since its establishment in 2003, the Group has been the core operating entity carrying out state-owned assets management and construction in Xiaogan City. The Group’s businesses include project repurchase, agent construction, project construction, property management and other businesses. Leveraging on the development of Xiaogan City and Hubei Province, strong shareholder’s support and the experienced management team of the Group, the Group has undertaken and completed a large number of municipal development projects and played an important role in the development of Xiaogan City.

Listing of the bonds on the MOX (Stock code: MOXTB23048) commenced on 31 August 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.