Chungs Lawyers (in association with DeHeng Law Offices) advised two Hong Kong based investment funds on their subscription of RMB120 million and US$12,200,000 senior secured bonds, respectively. The senior secured bonds are issued by a holding company of a PRC based group company focusing on energy and chemical services.
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.