Chungs Lawyers advised the managers and the trustee on Yi Hong International Development Co., Ltd’s (壹弘國際發展有限公司) (the “Issuer”) issuance of US$100,000,000 3.50% guaranteed bonds due 2024 unconditionally and irrevocably guaranteed by Ningbo Nanbin Group Co., Ltd (寧波南濱集團有限公司) (collectively with its subsidiaries and the Issuer, the “Group”), and listed on the Hong Kong Stock Exchange.
Established in 2003 and designated to carry out land development and land consolidation in Chengguan Zhen (城關鎮) of Ninghai, the Group has since established itself as a leading primary state-owned infrastructure construction company in Ningbo Southern Binhai Economic Development Zone and plays an important role in the urbanisation and development of Ningbo Southern Binhai Economic Development Zone.
Listing of the bonds on the Hong Kong Stock Exchange commenced on 9 December 2021.
The Partner of Chungs Lawyers, Lily Liang, led the team includes Tracy Wong, Jason Wong, Lawrence Lam, Dexter Yeung, Lilian Kwong, Amber Cao, Evelyn Fan, and Fairy Wang.
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