DeHeng (Hong Kong) advised Rizhao Xinlanshan Caijin Investment Group Co., Ltd. (日照新岚山财金投资集团有限公司) on its issuance of U.S.$30.0 million 9.5 per cent. bonds due 2026.

2023-11-15

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on the issuance of U.S.$30,000,000 9.5 per cent. Bonds due 2026 by Rizhao Xinlanshan Caijin Investment Group Co., Ltd. (日照新岚山财金投资集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”). Listing of the bonds on The Stock Exchange of Hong Kong Limited (Stock code: 5973) has commenced on 15 November 2023.

Since its establishment in 2017, the Issuer has played an essential and active role in implementing the Rizhao government’s major strategic initiatives for urban planning and municipal construction, and has received strong financial and operational support from the Rizhao government. The Group's business primarily focuses on agent construction, sales of goods, labour dispatch and municipal construction. Leveraging on the development of Rizhao City, strong government support, geographical advantage and an experienced management and operation team, the Group has undertaken and played an important role in the development of Rizhao City, Shandong Province, China.

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.