Chungs Lawyers, the associated firm of DeHeng Law Offices in Hong Kong, advised Yangzhou Jiangdu Yanjiang Development Co., Ltd. (扬州市江都沿江开发有限公司) (the “Guarantor”, together with its subsidiaries, the “Group”) on the issuance of US$40,000,000 5.20% credit enhanced guaranteed bonds due 2023 issued by Hong Kong Yanjiang International Industrial Co., Limited (the “Issuer”) supported by an irrevocable standby letter of credit provided by China Bohai Bank Co., Ltd. Suzhou Branch.
Established in May 2003, the Guarantor is a state-owned enterprise located in Yangzhou City, Jiangsu Province, China, wholly owned by the State-owned Assets Supervision and Administration Office of the People’s Government of Jiangdu District, Yangzhou City. The Group has long been the core operating entity responsible for land development, infrastructure construction, and resettlement housing in Jiangdu District, Yangzhou City. Relying on the development of Yangzhou City, strong shareholder support, and diversified group business, the Group has undertaken and completed a large number of urban development projects in Yangzhou City, playing an important role in the development and construction of Yangzhou City.
Listing of the bonds on the Hong Kong Stock Exchange commenced on 29 July 2022 (Stock code: 5389).
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, Sherry Zhang, Liz Tang and Vince Chan.