DeHeng Hong Kong advised Binzhou Caijin International Co., Ltd. 滨州财金国际有限公司as Issuer and Binzhou Caijin Investment Group Co., Ltd (滨州市财金投资集团有限公司) as Guarantor on the issuance of CNY385 million listed bonds on the MOX

2023-11-22

DeHeng Law Offices (Hong Kong) LLP advised Binzhou Caijin International Co., Ltd. (the “Issuer”) and Binzhou Caijin Investment Group Co., Ltd (the “Guarantor”, together with its subsidiaries, the “Group”) on the issuance of CNY385,000,000 4.70 per cent. credit enhanced guaranteed bonds due 2026 with the benefit of an irrevocable standby letter of credit issued by Qilu Bank Co., Ltd (the “Bonds”) which is listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”).

Established in July 1992, the Guarantor is a state-owned company substantially owned by the State-owned Assets Supervision and Administration Commission of Binzhou City People’s Government. The Group has been serving as the core operating entity carrying out infrastructure construction, engineering construction, trading, textile, real estate and other businesses in Binzhou City, Shandong Province. Leveraging on the development of Binzhou City 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 infrastructure construction projects, and played an important role in the development of Binzhou City.

Listing of the Bonds on the MOX commenced on 20 November 2023 (Stock Code: MOXTB23087).

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.