Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised Huzhou Nanxun New Town Investment Development Group Co., Ltd. (湖州南浔新城投资发展集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of US$40,000,000 3.90% credit enhanced bonds due 2025 supported by an irrevocable Standby letter of credit provided by China Zheshang Bank Co., Ltd. Huzhou Branch.
Established in 1998, the Issuer is a state-owned enterprise located in Huzhou, Zhejiang Province, China, wholly owned by Huzhou Nanxun Xinkai Construction Group Co., Ltd. The Group is one of the major operating entities for urban development in Huzhou with the business scope including agency construction, land preparation and development, training services, and design services. Relying on the development of Huzhou, the strong support from shareholders and diversified group business, the Group has undertaken and completed a large number of urban development projects in Huzhou, playing an important role in the development of Huzhou City.
The Partner of Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, Lily Liang, led the team including Jason Wong, Vanessa Lai, Darryl Ting, Christina Yip, Catherine Kwok, Dexter Yeung, Lilian Kwong, Fairy Wang, Evelyn Fan, Jeff Wang, Andy Kwok, Neil Wang, and Sherry Zhang.