Further to assisting the same issuer’s recent offerings of dim sum bonds in an aggregated amount of CNY1,109,000,000, Dentons Hong Kong advised as issuer’s international counsel on Shandong Quanhui Industrial Development Co., Ltd.’s successful further issue of CNY145,000,000 6.95% guaranteed bonds due 2027, which were unconditionally and irrevocably guaranteed by the issuer’s parent company, Jinan Zhanqiu Holding Group Co., Ltd. and were consolidated and formed a single series with CNY280,000,000 6.95 per cent. guaranteed bonds due 2027 issued by the same issuer on 9 August 2024. The bonds are listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. The joint lead managers of the further issue include China Credit International Securities, Haitong International, Pulun International, Shanghai Pudong Development Bank Hong Kong Branch, Yuan Tong Global Securities, China Industrial Securities International, Marlin Capital Limited, Sino Partner Capital Limited, Alpine Securities, Head & Shoulders Securities, Shenwan Hongyuan (H.K.), Orient Securities Limited, TF International, Far East Horizon International, CMBC Capital and Profit Access.
Shandong Quanhui Industrial Development Co., Ltd. is a wholly owned subsidiary of the guarantor with its business operations primarily conducted in Zhangqiu District of Jinan City, Shandong Province and the group’s business consists of four major segments, namely, products sales, hotel and catering, property management, and surveying and design. The guarantor, Jinan Zhanqiu Holding Group Co., Ltd. is a state-owned enterprise in the PRC with its business operations primarily conducted in Zhangqiu District of Jinan City, Shandong Province and its business consists of five major segments, namely, infrastructure construction, hotel operation, commodities trading, tourism and investment business.
The Dentons Hong Kong team, which advised on English law in this offering, was led by capital market partner Charles Yim, along with associates Ningxin Sun, Kelvin Wong, Tracy Lei, Alex Kwong, trainee solicitor Man Fung Yeung and legal assistant Alison Chan.
