DeHeng (Hong Kong) advised Taixing Zhongxin Investment Group Co., Ltd. (泰兴市中鑫投資集團有限公司) on its issuance of CNY385 million 3.80 per cent. credit enhanced bonds with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Nanjing, Taizhou Branch (南京银行泰州分行)

2024-06-28

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Taixing Zhongxin Investment Group Co., Ltd. (泰兴市中鑫投资集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY385,000,000 3.80 per cent. credit enhanced bonds due 2027 with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Nanjing, Taizhou Branch (南京银行泰州分行). 

The Group is mainly engaged in state-owned assets investments industry and urban infrastructure construction industry, and is wholly owned by Taizhou Chemical New Materials Industry Development Group Co., Ltd. (泰州化工新材料产业发展集团有限公司). Since its establishment in 2019, the Group has carried out infrastructure construction activities and provided public services in Taixing City. The Group’s businesses include infrastructure construction, land consolidation, trading, steam sales, manufacturing and other businesses. Leveraging on the robust development of Taixing City and Jiangsu Province, strong support from shareholders and the expertise of the management team, the Group has undertaken and completed a large number of strategically important projects and played an important role in the development of Taixing 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.