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Advised Underwriters in Assisting Yan’an Tourism (Group) Co., Ltd. on its issuance of listed bonds

Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised Yan’an Tourism (Group) Co., Ltd. (延安旅游(集团)有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of US$77,000,000 3.90% credit enhanced bonds due 2025 supported by an irrevocable standby letter of credit provided by Bank of Xi’an Co.,Ltd. and listed on the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).


Established in 2020, the Issuer is wholly owned by Yan’an City Construction Investment (Group) Co., Ltd. (延安城市建设投资(集团)有限责任公司). The Group is the principal operating platform for developing tourism resources in Yan’an City, mainly engaging in the management and operation of tourist attractions and the development of tourism markets. The Group primarily focuses on the management and operation of four key scenic areas in the city, including Baota Mountain Scenic Area (宝塔山旅游景区), Qingliang Hill Scenic Area (清凉山旅游景区), Wanhua Mountain Scenic Area (万花山旅游景区) and Dugong Temple Scenic Area (杜公祠旅游景区). The Group’s business includes management and operation of scenic areas, hotel business, travel agency business, project construction business and sales business.


Listing of the bonds on the Hong Kong Stock Exchange will be commenced on 11 March 2022 (Stock code: 5023).


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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