DeHeng (Hong Kong) advised Urumqi Gaoxin Investment and Development Group Co., Ltd. (乌鲁木齐高新投资发展集团有限公司) on its issuance of CNY806.2 million listed bonds.

2023-09-08

DeHeng Law Offices (Hong Kong) LLP advised Urumqi Gaoxin Investment and Development Group Co., Ltd. (乌鲁木齐高新投资发展集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY806,200,000 5.50 per cent. bonds due 2026, which is listed on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).

The Issuer has played a strategic role in the municipal development and urbanisation of Urumqi High-tech Industrial Development Zone (乌鲁木齐高新技术产业开发区) ( “UHDZ”) by acting as one of the primary municipal facility development and construction entities in UHDZ. By undertaking various key infrastructure construction projects and taking up major municipal development, construction, operation and service provision responsibilities in UHDZ, the Group has played a crucial role in upgrading the business environment and promoting social development in UHDZ. In particular, the Issuer is mandated to act as a key state-owned asset investment, management and operation platform in UHDZ and serves as the primary state-owned vehicle through which the UHDZ Government implements its development plans for UHDZ.

Listing of the bonds on the Hong Kong Stock Exchange (Stock code: 84444) commenced on 8 September 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, Liz Tang, Catherine Hui, Pinky Lau and Faye Pang.