DeHeng's Hong Kong Associated Firm Advised Sanshui International Development Co., Ltd (三水国际发展有限公司) on its issuances of US$90 million, US$27 million and US$48 million listed bonds/notes
2022-06-08
Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised Sanshui International Development Co., Ltd (三水国际发展有限公司) (the "Issuer") on its issuances of (i) US$90,000,000 3.90% credit enhanced guaranteed notes due 2025 with the benefit of an irrevocable standby letter of credit by Bank of Jiangsu Co., Ltd., Taizhou Branch; (ii) US$27,000,000 3.90% credit enhanced guaranteed bonds due 2025 with the benefit of an irrevocable standby letter of credit by China Zheshang Bank Co., Ltd. Nanjing Branch; and (iii) US$48,000,000 3.90% credit enhanced guaranteed notes due 2025 with the benefit of an irrevocable standby letter of credit by Bank of Nanjing, Taizhou Branch, which are guaranteed by Jiangsu Jiangyan Economic Development Group Co., LTD (江苏姜堰经开集团有限公司) (the "Guarantor", together with its subsidiaries, the "Group") and listed on the Stock Exchange of Hong Kong Limited.
Established in 2015, the Issuer is wholly owned by Taizhou City State-owned Assets Supervision and Administration Committee (泰州市政府国有资产监督管理委员会). The Group has been the core operating entity for infrastructure construction, land consolidation and trading businesses in Jiangyan District since its establishment. Leveraging on the development of Jiangyan District and Taizhou City, strong shareholder’s support and its experienced management team, the Group has undertaken and completed a large number of infrastructure development projects and played an important role in the development of Jiangyan District.
Listing of the three tranches of bonds on the Hong Kong Stock Exchange commenced on 8 June 2022.
The Partner of Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, Lily Liang, led the team including Jason Wong, Vanessa Lai, Darryl Ting, Christina Yip, Catherine Kwok, Dexter Yeung, Lilian Kwong, Fairy Wang, Evelyn Fan, Jeff Wang, Andy Kwok, Neil Wang, and Sherry Zhang.
