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 CNY480 million listed bonds unconditionally and irrevocably guaranteed by Chongqing Xingnong Financing Guarantee Group Co., Ltd.（重庆兴农融资担保集团有限公司）

2024-06-03

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 CNY480,000,000 7.8 per cent. guaranteed green bonds due 2027 unconditionally and irrevocably guaranteed by Chongqing Xingnong Financing Guarantee Group Co., Ltd.（重庆兴农融资担保集团有限公司）, and listed on the Singapore Exchange Securities Trading Limited (the “SGX-ST”). Listing of the bonds on the SGX-ST commenced on 3 June 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, 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 and Sandy Liu.