• 2019/8/23

    DeHeng Represented a Venture Capital Firm in a Lawsuit in Valuation Adjustment Mechanism Dispute and Won

    Recently, DeHeng's client was awarded a favoring verdict in an valuation adjustment mechanism dispute. The case was arbitrated by Shanghai International Economic and Trade Arbitration Commission (Shanghai International Arbitration Center) ("SHIAC"). The arbitral tribunal ruled in favor of all arbitration claims of the claimant represented by DeHeng. The case was handled by a project team headed by attorney Zhang Lei.

  • 2019/8/20

    DeHeng Provided Legal Services for the Issuance of U.S.$200,000,000 Bonds Issued by Changde Economic Construction Investment Group Co., Ltd. in 2019

    In August 2019, Changde Economic Construction Investment Group Co., Ltd. successfully issued U.S.$200,000,000 6.60 per cent. Bonds due 2022 with Moody's rating of Ba1 and coupon rate of 6.6%.

  • 2019/8/19

    DeHeng Advised Bank of Communications Limited Issue Secondary Capital Bonds

    On August 16, 2019, Bank of Communications Limited (601328, 03328.HK) ("BoCom") issued 2019 Secondary Capital Bonds on the national inter-bank bond market. With an issuance scale of RMB 40 billion, it is divided into two varieties: the 10-year fixed-rate variety has an issuance scale of RMB 30 billion, with a coupon rate of 4.10%, and the 15-year fixed-rate variety has an issuance scale of RMB 10 billion, with a coupon rate of 4.49%.

  • 2019/8/12

    DeHeng Helped New Hope Liuhe Co., Ltd. Establish Sino-French Joint Venture

    DeHeng recently provided a full range of legal services for the Sino-French joint venture of New Hope Liuhe Co., Ltd. (hereinafter New Hope Liuhe) by assisting the establishment of the joint venture and completing the signing of relevant legal instruments. The joint venture is a concrete embodiment of the strategic cooperation agreement between New Hope Liuhe and a French group at the China-France Business Forum held in July 2015 in the presence of Premier Li Keqiang of the State Council of China.

  • 2019/8/7

    DeHeng Advised on China's First Issuance of Non-public Green Bonds for Sponge City Construction

    On August 5, 2019, Chongqing Nanchuan District Urban Construction Investment Holding (Group) Co., Ltd. issued the 2019 green non-public project bonds worth RMB1.08 billion, with the term of seven years and the interest rate of 7.80%. This was the first issuance of non-public green bonds for sponge city construction in China.

  • 2019/8/6

    DeHeng Advised Longzhou on Obtaining the Non-objection Letter on Asset Securitization of Its Right to the Passenger Transport Yields

    On July 22, 2019, Shenzhen Stock Exchange issued the Non-objection Letter for the Listing of the Special Asset-Backed Scheme of Sinolink Securities for the Right to Longzhou's Passenger Transport Yields on Shenzhen Stock Exchange (Letter No.377 of 2019 by Shenzhen Stock Exchange). The special scheme plan to issue equities worth no more than RMB 811 million, with Longzhou Group Co., Ltd. (stock code: 002682) and its subsidiary Fujian Wuyi Transportation Co., Ltd. as the joint original equity holders. The equities were divided into priority and subordinated asset-backed securities, of which priority asset-backed securities are further divided into Longzhou 01, Longzhou 02, Longzhou 03, Longzhou 04, Longzhou 05 and Longzhou 06 by maturity period. The special scheme will operate for six years.

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