DeHeng (Hong Kong) advised Chongqing Tongnan Construction Engineering (Group) Co., Ltd. (重庆市潼南区建设工程（集团）有限公司) on its issuance of CNY200 million listed bonds supported by an irrevocable Standby Letter of Credit issued by Chongqing Three Gorges Bank Co., Ltd.

2024-03-01

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Chongqing Tongnan Construction Engineering (Group) Co., Ltd. (重庆市潼南区建设工程（集团）有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY200,000,000 4.8 per cent. credit enhanced bonds due 2027 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 1 March 2024.

The Group is a primary local investment and development entity responsible for gravel sales in Tongnan, Chongqing. Established in December 2017, the Group is designated to carry out major infrastructure construction projects within Tongnan, Chongqing. Leveraging the development of Chongqing in recent years, strong shareholder’s support and its diversified businesses, the Group has established itself as a leading state-owned company in Chongqing and plays an important role in the development of Chongqing.

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, Lilian Kwong, Vivian Li, Sophia Chan, Evelyn Fan, Fairy Wang, Jeff Wang, Andy Kwok, Liz Tang, Catherine Hui, Pinky Lau, Faye Pang, Calvin Cheung, Geoffrey Tang, Jeremy Chu and Jerry Liu.