DeHeng (Hong Kong) advised Ocean Industry Development Group (BVI) Co., Ltd. 海洋产业发展集团（英属维尔京）有限公司 on its issuance of CNY162,160,000 7.5 per cent. listed bonds with the benefit of a keepwell deed and a deed of equity interest purchase undertaking by Qingdao Haike Holding Co., Ltd. (青岛海科控股有限公司)

2024-06-28

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Ocean Industry Development Group (BVI) Co., Ltd. 海洋产业发展集团（英属维尔京）有限公司 (the “Issuer”) on its issuance of CNY162,160,000 7.5 per cent. bonds due 2027 with the benefit of a keepwell deed and a deed of equity interest purchase undertaking by Qingdao Haike Holding Co., Ltd. (青岛海科控股有限公司) (the “Company”), and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. on 28 June 2024 (Stock code: MOXTB24137).

The Issuer is wholly controlled by the Qingdao Blue Valley Management Bureau. As one of the major entities that operates public utilities business in Qingdao City, the Group conducts five major businesses, including agent construction, asset maintenance and management, sale of real estate, leasing of real estate and other businesses, and serves as the main infrastructure construction platform in Qingdao City. Since its inception in 2012, the Group has been playing a significant role in enhancing the development and competitiveness of Qingdao City.

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, Sandy Liu, Gia Jia and Luna Zheng.