DeHeng Hong Kong advised Dongyang State Owned Assets Investment Co., Ltd. (东阳市国有资产投资有限公司) as Issuer on the issuance of JPY12 billion listed bonds on the HKSE

2024-02-01

DeHeng Law Offices (Hong Kong) LLP advised Dongyang State Owned Assets Investment Co., Ltd. (the “Issuer”, together with its subsidiaries, the “Group”) on the issuance of JPY12,000,000,000 1.45 per cent. credit enhanced green bonds due 2027 with the benefit of an irrevocable standby letter of credit issued by Bank of Hangzhou Co., Ltd Jinhua Branch (the “Bonds”) which is listed on the Stock Exchange of Hong Kong Limited (the “HKSE”). Listing of the Bonds on the HKSE commenced on 1 February 2024 (Stock Code: 4329).

Established in 2003, the Issuer is a state-owned company substantially owned by the Dongyang SASAO (东阳市人民政府国有资产监督管理办公室). The Group has been serving as the core operating entity carrying out the businesses of sales of goods, sales of properties, urban infrastructure construction, land consolidation, engineering services and surveying, mapping and inspection, water supplies, labour services, marketing, sales of grains and civil explosives, as well as other ancillary businesses in Dongyang City, Zhejiang Province. Leveraging on the robust development of Dongyang City and Zhejiang Province, strong shareholder’s support and the experienced management team of the Group, the Group has been a core entity carrying out sales of goods and infrastructure construction, and thereby played an important role in the development of Dongyang City, Zhejiang Province.

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, Faye Pang and Calvin Cheung.