DeHeng (Hong Kong) advised Xinyi Communications Culture & Tourism Group Co., Ltd. (新沂市交通文旅集团有限公司) on its issuance of CNY189.0 million listed bonds backed by an irrevocable Standby Letter of Credit issued by Bank of Nanjing, Xuzhou Branch

2024-08-08

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Xinyi Communications Culture & Tourism Group Co., Ltd. (新沂市交通文旅集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY189,000,000 3.10 per cent. credit enhanced bonds due 2027 with the benefit of an irrevocable Standby Letter of Credit provided by Bank of Nanjing, Xuzhou Branch, and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”) on 7 August 2024 (Stock code: MOXTB24167).

Since its establishment in 2017, the Group has been serving as the core operating entity for road infrastructure investment and hydraulic engineering in Xinyi City, Jiangsu Province. Leveraging on the development of Xinyi City, strong shareholder’s support and the experienced management team of the Group, the Group has played an important role in the development of Xinyi 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, Linda Gao, Fairy Wang, Andy Kwok, Catherine Hui, Pinky Lau, Faye Pang, Calvin Cheung, Geoffrey Tang, Matthew Mok, Gia Jia and Regina Li.