DeHeng (Hong Kong) advised Songyang County State Capital Investment and Operation Group Co., LTD (松陽縣國有資本投資運營集團有限公司) on its issuance of CNY400 million listed bonds

2024-05-24

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Songyang County State Capital Investment and Operation Group Co., LTD (松陽縣國有資本投資運營集團有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY400,000,000 5.5 per cent. bonds due 2027 listed on The Stock Exchange of Hong Kong Limited (the “HKEX”). Listing of the bonds on the HKEX (Stock code: 84514) commenced on 23 May 2024.

The Issuer is an important construction and asset management entity in Songyang County, Lishui City, Zhejiang Province and the Issuer is directly wholly-owned by Songyang County State-owned Assets Supervision and Administration Office. Since its establishment in November 1999, the Issuer has achieved market dominance in key sectors in Songyang County, Lishui City, including infrastructure construction, resettlement housing construction, engineering construction, water supply and water reservoir, security service and trading business. Leveraging on the development of Songyang County, Lishui City, the Issuer has undertaken and completed a number of infrastructure construction development activities which are of strategic importance to the Songyang County.

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, Dexter Yeung, Lilian Kwong, Vivian Li, Sophia Chan, Sachi Tao, Evelyn Fan, Fairy Wang, Jeff Wang, Andy Kwok, Liz Tang, Catherine Hui, Pinky Lau, Faye Pang and Calvin Cheung.