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Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited (“Wenling MCT”) listed on the Main Board of the Stock Exchange on 30 December 2020 with a H share structure by way of Global Offering (stock code: 1379), approximately 27 times of subscription was recorded in the public offering.


Wenling MCT was established in late 2003, and is an established Measuring and Cutting Tools trading centre operator in China. It owns, operates and manages its Trading Centre located in Qianyangxia Village, Wenqiao Town, Wenling City, Zhejiang Province in the PRC . In China measuring and cutting tools trading centres market, its Trading Centre ranked No.1 in China in terms of revenue. It is also the first measuring and cutting tools trading centre listed in Hong Kong.


Chungs Lawyers (in association with DeHeng Law Offices) advised the Sole Sponsor, Cinda International Capital Limited and the underwriters on the listing of Wenling MCT.

Advised the joint lead managers and trustee on the issuance of US$100 million listed bonds by Goucheng International Co., Ltd. unconditionally and irrevocably guaranteed by Ninghai City Investment Group Ltd. (寧海縣城投集團有限公司).


Chungs Lawyers (in association with DeHeng Law Offices) advised the joint lead managers and the trustee on the issuance of US$100,000,000 3.5% guaranteed bonds due 2023 by Goucheng International Co., Ltd. (the “Issuer”), which is unconditionally and irrevocably guaranteed by Ninghai City Investment Group Ltd. (寧海縣城投集團有限公司) (collectively with its subsidiaries and the Issuer, the “Group”) and listed on the Hong Kong Stock Exchange (stock code: 40513).


The Group is one of the primary state-owned assets management and infrastructure construction platforms of the Ninghai Municipal Government focusing on primary land development, resettlement housing and price-capped housing and water supply and water treatment in Ninghai and is indirectly controlled by Ninghai SAMC. Established in 2000 and designated to carry out the Ninghai Municipal Government’s blueprint for municipal development in Ninghai, the Group has established itself as a leading state-owned asset management company in Ninghai and plays an important role in the urbanisation of Ninghai.


Listing of the bonds on the Hong Kong Stock Exchange commenced on 17 December 2020.


Chungs Lawyers (in association with DeHeng Law Offices) advised the joint lead managers on the issuance of US$190,000,000 5.8% Bonds due 2023 by Xi’an Port Industrial Co., Limited (the “Issuer”), which is listed on the Hong Kong Stock Exchange (stock code: 40496).

The Issuer is a state-owned enterprise located in Xi’an City that plays a crucial role in infrastructure construction and urban development in Xi’an City. The Issuer is the primary investment platform of the Xi’an Municipal Government to implement its development plans within the Xi'an International Trade & Logistics Park that are of strategic importance to the economic and urban development of Xi’an City.


Listing of the bonds on the Hong Kong Stock Exchange commenced on 3 December 2020.

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