Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised Dongtai Communication Investment And Construction Group Co., Ltd.（东台市交通投资建设集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of US$65,000,000 5.8% bonds due 2022 (the “Bonds”) listed on the Stock Exchange of Hong Kong Limited (the“Hong Kong Stock Exchange”).
Established in 2007, the Issuer is a state-owned company owned by the Dongtai SAMC and the Dongtai Transport Planning and Construction Office. The Group is primarily engaged in four business segments, namely, (i) project construction, (ii) public transportation operation, (iii) vehicle inspection and test and (iv) other miscellaneous businesses. It is also the main investing and constructing entity of transportation infrastructures in Dongtai City. The Group has built up a strong presence and achieved a leading market position in the urban infrastructure industry in Dongtai City. Leveraging on its extensive industry experience, the Issuer believes the Group will continue to play an important role in the development of Dongtai City.
Listing of the bonds on the Hong Kong Stock Exchange commenced on 24 January 2022 (Stock code: 4439).
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.