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Advised managers/trustee on issue of US$100m listed and guaranteed bonds by Goucheng International

On 15th June 2021, The US$100,000,000 3.48% guaranteed bonds due 2024 issued by Goucheng International Co., Ltd. (the “Issuer”), which is unconditionally and irrevocably guaranteed by Ninghai City Investment Group Ltd. (寧海縣城投集團有限公司) (collectively with its subsidiaries and the Issuer, the “Group”) and listed on the Hong Kong Stock Exchange (stock code: 40723) from 16th June 2021.

The Group is one of the primary state-owned assets management and infrastructure construction platforms of the Ninghai Municipal Government focusing on primary land development, resettlement housing and price-capped housing and water supply and water treatment in Ninghai and is indirectly controlled by Ninghai SAMC. Established in 2000 and designated to carry out the Ninghai Municipal Government’s blueprint for municipal development in Ninghai, the Group has established itself as a leading state-owned asset management company in Ninghai and plays an important role in the urbanisation of Ninghai.

Chungs Lawyers (in association with DeHeng Law Offices), as the international legal advisers of the joint lead manager and trustee, provides a comprehensive, high-quality and efficient legal services.

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