Further to assisting the same issuer’s recent offerings of dim sum bonds in an aggregated amount of CNY1,654,000,000, Dentons Hong Kong advised as issuer’s international counsel on Shandong Quanhui Industrial Development Co., Ltd.’s successful further issue of CNY200,000,000 6.4% guaranteed bonds due 2027, which were unconditionally and irrevocably guaranteed by a 3rd party professional guarantee service provider, Tianfu Bond Insurance CO.,LTD. and were consolidated and formed a single series with CNY400,000,000 6.4% guaranteed bonds due 2027 issued by the same issuer on 13 September 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, Cathay Securities (HK), TF International, Tung Yat Securities Limited, Orient Securities Limited, Sigma Capital, Shenwan Hongyuan (H.K.) and China Industrial Securities International.

Shandong Quanhui Industrial Development Co., Ltd. has 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, Tianfu Bond Insurance CO.,LTD is a state-owned guarantee platform in the PRC principally engaged in credit enhancement 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, legal assistants Man Fung Yeung and Alison Chan.