DeHeng (Hong Kong) advised Xi'an Kingfar Holdings (Group) Co., Ltd. (西安经发控股（集团）有限责任公司) as Guarantor on the issuance of CNY1.15 billion 3.90 per cent. listed bonds

2023-12-01

DeHeng Law Offices (Hong Kong) LLP advised Xi’an Kingfar Holdings (Group) Co., Ltd. (西安经发控股（集团）有限责任公司) (the “Guarantor”, together with its subsidiaries, the “Group”) on the issuance of CNY1.15 billion 3.90 per cent. credit enhanced bonds due 2026 (the “Bonds”), with Xi’an Kingfar International (Singapore) Pte. Ltd. (西安经发国际（新加坡）有限公司) (the “Issuer”) as the issuer and listed on the Singapore Exchange Securities Trading Limited on 1 December 2023.

The Group has been the core operating entity in implementing the Xi’an Economic and Technological Development Zone’s and Xi’an government’s major strategic initiatives for regional construction projects and municipal services, and has received strong financial and operational support from the Xi’an government. The Group’s business primarily focuses on (i) the provision of public services, primarily including municipal facility operation and maintenance, heat and water supply, commercial leasing and property management; (ii) supply chain services; and (iii) sales of real properties. Leveraging on the development of Xi’an City and Shaanxi Province, strong shareholder support and the experienced management team of the Group, the Group has undertaken an important role in the development of Xi’an Economic and Technological Development Zone and Xi’an City.

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.