DeHeng Hong Kong advised Rowen International Co., Limited (鲁威国际有限公司) as Issuer and Weihai Wendeng District Bluesea Investment & Development Co., Ltd (威海市文登区蓝海投资开发有限公司) as Guarantor on the issuance of U.S.$98 million listed bonds

2023-11-08

DeHeng Law Offices (Hong Kong) LLP advised Rowen International Co., Limited (the “Issuer”) and Weihai Wendeng District Bluesea Investment & Development Co., Ltd (the “Guarantor”, together with its subsidiaries, the “Group”) on the issuance of U.S.$98,000,000 guaranteed bonds due 2024 (the “Bonds”) which is listed on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).

Established in April 2012, the Guarantor is a state-owned company wholly-owned by the Weihai Wendeng District State-owned Assets Service Centre. The Group has been serving as the core operating entity carrying out project construction, sales of goods, leasing, surveying and mapping and other businesses in Wendeng District. Leveraging on the development of Wendeng District and Shandong 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 Wendeng District.

Listing of the Bonds on the Hong Kong Stock Exchange commenced on 7 November 2023 (Stock Code: 5940).

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, Liz Tang, Catherine Hui, Pinky Lau and Faye Pang.