News
  • 2019/12/18

    DeHeng( New York )establishes compliance program for U.S. branch of China's largest communications company

    After successfully establishing compliance programs for the largest investment construction company in the world, one of the largest Chinese commercial banks, a reputable Chinese education foundation and other Chinese institutions in the United States, DeHeng Chen, LLC (DeHeng NY) has entered into an agreement with the US subsidiary of the largest Chinese telecommunication corporation to develop a compliance program for the subsidiary. The compliance team of DeHeng Chen, LLC will conduct assessment of risks, design compliance plans, draft employment handbook, and establish a reporting procedure and mechanism for the subsidiary to comply with all the applicable state laws and federal laws.

  • 2019/11/12

    DeHeng Advised Beijing Kerui North Technology Development Co., Ltd. on Non-public Issuance of Exchangeable Bonds in 2019

    On November 7, 2019, Beijing Kerui North Technology Development Co., Ltd. (hereinafter referred to as "Kerui North") obtained the non-objection letter from Shenzhen Stock Exchange (SZSE) declaring that the non-public issuance of exchangeable bonds of Kerui North in 2019 met the transfer conditions of SZSE, thus granting the approval for its non-public issuance of exchangeable bonds with a face value of no more than RMB 170 million. The bonds issued can be exchanged for the A shares of Beijing Creative Distribution Automation Co., Ltd. (CREAT) (Stock code: 002350.SZ) held by Kerui North, with a validity period of no more than three years. The exchangeable bonds will be listed and traded on SZSE and the exchanged A shares of CREAT will continue to be traded on SZSE.

  • 2019/11/11

    DeHeng Advised China National Nuclear Corporation on Issuing Offshore RMB Bonds

    In November 2019, CNI Capital Limited., an overseas wholly-owned subsidiary of China National Nuclear Corporation (the "CNNC"), issued offshore RMB bonds worth RMB1 billion in Hong Kong with a coupon rate of 3.97% (the "Issuance"). CNNC provided credit enhancement for this non-rating Issuance in the form of a keepwell deed.

  • 2019/11/8

    DeHeng Advised Hangzhou Financial Investment Group on Issuing the Sixth-tranche offshore USD Bonds

    On November 4, Finance Investment International (Hong Kong) Co., Ltd., an overseas subsidiary of Hangzhou Financial Investment Group Co., Ltd. (HFI), issued the sixth-tranche $37 million senior unsecured bonds in Hong Kong with a coupon rate of 4.2%.This was another milestone USD bond issuance following HFI’s previous five overseas issuances of USD bonds with DeHeng's services.

  • 2019/11/7

    DeHeng Advised China Export-Import Bank and Other Banks on a Syndicated Loan Worth RMB 8 Billion

    The Export-Import Bank of China, Agricultural Bank of China, China Construction Bank, Industrial Bank and Bank of Beijing formed a syndicate in April 2019, and provided a syndicated loan of about RMB 8 billion for a large Chinese enterprise to acquire a European chip maker via its subsidiaries at home and abroad. Beijing Branch of Export-Import Bank of China served as the leading bank, loan agent bank and security agent bank respectively for the syndicated loan, for which DeHeng provided whole-process legal services.

  • 2019/11/6

    DeHeng Advised China Three Gorges Corporation on Issuing $850 Million Medium- and Long-term Bonds

    In October 2019, China Three Gorges Corporation (the "CTG") issued 5-year, USD$500 million and 30-year,USD$350 million bonds overseas, with the coupon rates of 2.3% and 3.2% respectively (the "Issurance"). The Bank of China, Deutsche Bank, and JPMorgan served as Joint Global Coordinators. And Citigroup, Industrial and Commercial Bank of China, Morgan Stanley, Mizuho Securities, Standard Chartered Bank, UBS, and CLSA as Joint Lead Managers and Joint Bookrunners (the "Underwriters"). The raised fund will be used to swap the bridge loan of the Chaglla hydropower station project in Peru.

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