DeHeng (Hong Kong) advised Huangshi State-owned Assets Management Co., Ltd. (黃石市國有資產經營有限公司) as Issuer on its issuance of CNY700 million Guaranteed Bonds Due 2027 Unconditionally and Irrevocably Guaranteed by Hubei Financing Group Co., Ltd.
2024-08-13
DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on the issuance of CNY700.0 million 6.5 per cent. guaranteed bonds due 2027 by Huangshi State-owned Assets Management Co., Ltd. (黃石市國有資產經營有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) guaranteed by Hubei Financing Guarantee Group Co., Ltd. (湖北省融資擔保集團有限責任公司) (the “Guarantor”). The bonds will be listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (Stock code: MOXTB24172), with the listing of the Bonds commencing on 13 August 2024.
The Issuer Group is a company primarily owned by Huangshi State-Owned Capital Investment Group Co., Ltd. (黃石市國有資本投資集團有限公司), a wholly-owned subsidiary of State-owned Assets Supervision and Administration Commission of Huangshi Municipal People’s Government. Since its establishment in 2002, the Issuer Group has been serving as the core operating entity for mineral products trading, media, food storage, electric power and agent construction business in Huangshi city. Leveraging on the development of Hubei province and Huangshi city, strong shareholder’s support and the experienced management team of the Issuer Group, the Issuer Group has played an important role in the development of Huangshi city.
The Guarantor is a state-owned enterprise located in Wuhan, Hubei province, PRC. Since its establishment in February 2005, the Guarantor Group has been primarily engaged in provisions of guarantees and other financing services including loan guarantee, notes acceptance guarantee, trade financing guarantee, project financing guarantee, letter of credit and other financing guarantee business, litigation preservation guarantee, performance guarantee, financing consultation related to guarantee business, financial advisory and other intermediary services, investment with own funds, re-guarantee, and bond issuance guarantee.
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.
