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Advised the Managers and Trustee on issuance of EUR72 million listed bonds

Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised the Managers and Trustee on Peng Ying International Development Company Limited’s (蓬瀛国际发展有限公司) (the “Issuer”) issuance of EUR72,000,000 2.60% guaranteed bonds due 2025 unconditionally and irrevocably guaranteed by Xiangshan County Binhai Investment Co., Ltd. (象山县滨海投资有限公司) (the “Guarantor”, together with its subsidiaries, the “Group”) and listed on the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).

Established in 2007, the Group is a major construction, management and operation platform of housing and property in Xiangshan County and is wholly owned by the Xiangshan County SAMC (象山县国有资产管理中心). The Group is also the core operating entity carrying out housing and government-supported facilities constructions in Xiangshan County. Leveraging on the development of Zhejiang Province and Xiangshan County, strong shareholder’s support and its diversified businesses, the Group has undertaken and completed a large number of housing construction and management projects and played an important role in the development of Xiangshan County.

Listing of the bonds on the Hong Kong Stock Exchange (Stock code: 5373) commenced on 2 August 2022.

The Partner of Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, Lily Liang, led the team includes Jason Wong, Vanessa Lai, Darryl Ting, Christina Yip, Catherine Kwok, Dexter Yeung, Lilian Kwong, Evelyn Fan, Fairy Wang, Jeff Wang, Andy Kwok, Neil Wang and Sherry Zhang, Liz Tang, and Vince Chan.

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