Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised Huzhou Nanxun New Town Investment Development Group Co., Ltd. (湖州南浔新城投资发展集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of US$28,600,000 2.25% credit enhanced bonds due 2025 supported by an irrevocable standby letter of credit provided by Bank of Ningbo Huzhou Branch and listed on the Stock Exchange of Hong Kong Limited (the“Hong Kong Stock Exchange”).
Established in 2018, the Issuer is wholly owned by Huzhou Nanxun Xinkai Construction Group Co., Ltd. (湖州南浔新开建设集团有限公司). The Group is one of the major operating platforms for urban development activities in Huzhou City, including agent construction business, land consolidation and development business, training service, trading business and designing service. Leveraging on the development of Huzhou City, strong shareholder’s support and its diversified businesses, the Group has undertaken and completed a large number of urban development projects and played an important role in the development of Huzhou City.
Listing of the bonds on the Hong Kong Stock Exchange will be commenced on 25 January 2022 (Stock code: 4448).
The Partner of Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, Lily Liang, led the team includes Tracy Wong, Jason Wong, Lawrence Lam, Catherine Kwok, Dexter Yeung, Lilian Kwong,Amber Cao, Evelyn Fan, Fairy Wang and Jeff Wang