DeHeng (Hong Kong) advised Ninghai City Investment Group Ltd. (宁海县城投集团有限公司) as Issuer on its issuance of U.S.$100.0 million listed bonds

2024-03-20

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Ninghai City Investment Group Ltd. (the “Issuer”, together with its subsidiaries, the “Group”) on the issuance of U.S.$100,000,000 5.60 per cent. bonds due 2027 (the “Bonds”) which is listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”) (Stock Code: MOXTB24055).

Established in 2000, the Group is one of the primary state-owned assets management and infrastructure construction platforms of the Ninghai Municipal Government focusing on primary land development, resettlement housing and price-capped housing and water supply and water treatment in Ninghai County and is indirectly controlled by Ninghai SAMC. Leveraging on the development of Ninghai County and Zhejiang Province, strong shareholder’s support and the experienced management team of the Group, the Group has undertaken and completed a large number of infrastructure construction projects, and played an important role in the development of Ninghai County and Zhejiang Province.

Lily Liang, the partner of DeHeng Law Offices (Hong Kong) LLP, led the team including Jason Wong, 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, Calvin Cheung, Geoffrey Tang, Jeremy Chu and Jerry Liu.