DeHeng (Hong Kong) advised Jiangsu Donghe Investment Group Co., Ltd. (江蘇東和投資集團有限公司) on its issuance of CNY197.9 million listed bonds with an irrevocable Standby Letter of Credit issued by Postal Savings Bank of China Co., Ltd. Nantong Branch

2024-01-25

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Jiangsu Donghe Investment Group Co., Ltd. (江蘇東和投資集團有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY197,900,000 3.58 per cent. credit enhanced bonds due 2027 with an irrevocable Standby Letter of Credit issued by Postal Savings Bank of China Co., Ltd. Nantong Branch, and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”). Listing of the bonds on the MOX (Stock code: MOXTB24014) commenced on 25 January 2024.

Established in December 2014, the Issuer is a large state-owned enterprise directly wholly-owned by Rudong County Government State-owned Assets Supervision and Administration Office. The Issuer has been designated by Rudong County Government to be one of the primary entities that operates state-owned assets and public utilities in Rudong County. By leveraging strong government support and its track record in infrastructure construction, the Group has achieved stable growth in its assets scale and recorded strong operating performances over the past few years.

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, Dexter Yeung, Evelyn Fan, Fairy Wang, Lilian Kwong, Jeff Wang, Andy Kwok, Liz Tang, Catherine Hui, Pinky Lau, Faye Pang and Calvin Cheung.