DeHeng (Hong Kong) advised Chongqing Fengdu Industrial Development Group Co., Ltd. (重庆丰都实业发展集团有限公司) on its issuance of CNY420.0 million listed bonds supported by an irrevocable Standby Letter of Credit issued by Chongqing Three Gorges Bank Co., Ltd.

2024-02-02

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Chongqing Fengdu Industrial Development Group Co., Ltd. (重庆丰都实业发展集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY420,000,000 4.8 per cent. credit enhanced bonds due 2026 supported by an irrevocable Standby Letter of Credit issued by Chongqing Three Gorges Bank Co., Ltd., and listed on the Singapore Exchange Securities Trading Limited (the “SGX-ST”). Listing of the bonds on the SGX-ST commenced on 2 February 2024.

The Group is a company wholly owned by the Fengdu SAAC. Since its establishment in 1994, the Group has been serving as the core operating entity for land consolidation and development, engineering agent construction, engineering construction and sales of resettlement housing. Leveraging on the development of Fengdu County, strong shareholder’s support and the experienced management team of the Group, the Group has played an important role in the development of Fengdu County. 

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.