DeHeng Hong Kong advised Zhenjiang Culture & Broadcasting Industry Group Co., Ltd. (镇江文化广电产业集团有限公司) as Issuer on the issuance of JPY7.5 billion listed bonds on the HKSE

2024-03-29

DeHeng Law Offices (Hong Kong) LLP advised Zhenjiang Culture & Broadcasting Industry Group Co., Ltd. (the “Issuer”, together with its subsidiaries, the “Group”) on the issuance of JPY7,500,000,000 1.65 per cent. credit enhanced bonds due 2027 with the benefit of an irrevocable standby letter of credit issued by Bank of Shanghai Co., Ltd, Nanjing 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 2 April 2024 (Stock Code: 4568).

Established in June 2010, the Issuer is a state-owned company wholly owned by the Zhenjiang Broadcasting and Television Station. The Group has been serving as the core operating entity carrying out advertising business, sales of goods business, loan interest, handling fee and commission business, program production and consultation services, engineering and other businesses in Zhenjiang City and Jiangsu Province. Leveraging on the development of Zhenjiang City and Jiangsu Province, strong shareholder’s support and the experienced management team of the Group, the Group has been a core entity carrying out cultural development activities and providing cultural services, and thereby played an important role in the development of Zhenjiang City, Jiangsu 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, Sophia Chan, Vivian Li, Evelyn Fan, Fairy Wang, Dexter Yeung, Lilian Kwong, Jeff Wang, Andy Kwok, Liz Tang, Catherine Hui, Pinky Lau, Faye Pang, Calvin Cheung, Geoffrey Tang and Jeremy Chu.