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Advised Fuzhou Digital Economy Investment Group Co., Ltd on its issuance of listed bonds

Chungs Lawyers advised Fuzhou Digital Economy Investment Group Co., Ltd (抚州市数字经济投资集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of US$98,000,000 1.98% credit enhanced bonds due 2025 with the benefit of an irrevocable standby letter of credit provided by Industrial and Commercial Bank of China Limited, Jiangxi Branch, and listed on the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).

Established in 2015, the Issuer is a major construction, investment and operation platform of infrastructures in Fuzhou City and is wholly owned by the Fuzhou City SASAC (抚州市人民政府国有资产监督管理委员会). The Group is also the core operating entity carrying out infrastructure constructions in Fuzhou City. Leveraging on the development of Jiangxi Province and Fuzhou City, strong shareholder’s support and an experienced management team of the Group, the Group has undertaken and completed a large number of municipal development projects and plays an important role in the development of Fuzhou City.

Listing of the bonds on the Hong Kong Stock Exchange commenced on 24 January 2022 (Stock code: 4429).

The Partner of Chungs Lawyers Lily Liang, led the team including Tracy Wong, Jason Wong, Lawrence Lam, Catherine Kwok, Dexter Yeung, Lilian Kwong, Amber Cao, Evelyn Fan, Fairy Wang and Jeff Wang.

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