DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Yibin Emerging Industry Investment Group Co., Ltd (宜宾市新兴产业投资集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY1,040,000,000 3.4 per cent. credit enhanced bonds due 2027 supported by an irrevocable Standby Letter of Credit issued by Bank of Shanghai Co., Ltd., Chengdu Branch, and listed on the Hong Kong Stock Exchange (the “HKSE”) (Stock Code: 84521). Listing of the bonds on the HKSE will be commenced on 21 June 2024.
Established on 24 March 2017, the Issuer is designated as one of the primary state-owned investment and financing companies through which the Yibin Municipal Government promotes emerging industries and economic and urban development in Yibin City. The Group’s business operations primarily focus on automobile manufacturing and sale business, commodities trading business and other businesses. Leveraging the Industrial Development Two-wheel Drive (产业发展双轮驱动) policy promoted by Yibin Municipal Government and strong shareholder’s support, the Group has established itself as a leading state-owned company in Yibin City and plays an important role in the development of Yibin City.
Lily Liang, the partner of DeHeng Law Offices (Hong Kong) LLP, led the team including Jason Wong, Darryl Ting, Christina Yip, Connie Ip, Catherine Kwok, Dexter Yeung, Lilian Kwong, Vivian Li, Sophia Chan, Evelyn Fan, Fairy Wang, Jeff Wang, Andy Kwok, Liz Tang, Catherine Hui, Pinky Lau, Faye Pang, Calvin Cheung, Sandy Liu, Gia Jia and Luna Zheng.
