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Advised Huaiyuan County New Urbanization Construction Co. Ltd on its issuance of listed bonds

Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised Huaiyuan County New Urbanization Construction Co. Ltd (怀远县新型城镇化建设有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of US$100,000,000 3.0% credit enhanced bonds due 2025 supported by an irrevocable standby letter of credit provided by Huishang Bank Corporation Limited and dual listed on the Stock Exchange of Hong Kong Limited (the“Hong Kong Stock Exchange”) and Chongwa (Macao) Financial Asset Exchange Co., Limited (the “MOX”).


Established in 2015, the Issuer is indirectly wholly owned by Huaiyuan County SASAO (怀远县国有资产监督管理办公室). The Group serves as the core operating entity responsible for the provision of public services and implementation of urban development activities in Huaiyuan County. The Group conducts the business of agent construction including infrastructure construction and construction of affordable housing, bridge operation, as well as leasing of water area use rights. Leveraging on the robust development of Huaiyuan County and Bengbu City, strong support from shareholders and the expertise of the management team, the Group has played an important role in the economic and social development of Huaiyuan County by engaging in agent construction and transportation construction and operation.


Listing of the bonds on the Hong Kong Stock Exchange (Stock code: 4593) and the MOX (MOXLB2208) will be commenced on 9 March 2022.


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, Vanessa Lai, Catherine Kwok, Dexter Yeung, Lilian Kwong, Amber Cao, Evelyn Fan, Fairy Wang, Jeff Wang and Andy Kwok.

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