Dentons Hong Kong advised as placing agents international counsel on Xichang Haihe Cultural Tourism Investment Development Co., Ltd.’s successful issue of U.S.$100,000,000 7.00% guaranteed bonds due 2027, which were unconditionally and irrevocably guaranteed by a third-party professional guarantee service provider, Sichuan Development Financing Guarantee Co., Ltd. The bonds are listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. The placing agents of this issue include Donghai International, Soochow Securities (Hong Kong), Hong Kong Main Fund Securities Limited, Shenwan Hongyuan (H.K.), SDICSI Securities, Founder Securities (Hong Kong), Guotai Junan International, Blackwell Global Securities, Cathay Securities (HK), CF Securities Limited, CMB International, CNI Securities Group Limited, Dingxin (Securities) Limited, Far East Horizon International, Gransing Securities Co., Limited, Haitong International, Head & Shoulders Securities, Innovax Securities Limited, Orient Securities Limited, Raising International, Sino Partner International Securities Limited, TF International and Tung Yat Securities Limited.
Xichang Haihe Cultural Tourism Investment Development Co., Ltd. has its business operations primarily conducted in Xichang City, Sichuan Province and the group’s operation and investment primarily consists of six major segments, namely, building materials sales, scenic spot operation and maintenance services, urban transportation services, house rental property and management services, travel services and other services. The guarantor, Sichuan Development Financing Guarantee Co., Ltd., is a state-owned guarantee platform in the PRC principally engaged in guarantee business and investment business.
The Dentons Hong Kong team, which advised on English law and Hong Kong law in this issue, was led by capital market partner Charles Yim, along with associates Ningxin Sun, Kelvin Wong, Tracy Lei and Alex Kwong , and legal assistant Alison Chan.
