2020.07.06
In June 2020, Zhejiang Changxing Financial Holdings Group Co., Ltd. (hereinafter referred to as "Changxing Financial Holdings") issued USD160 million bonds overseas with a nominal interest rate of 5.50% for a period of three years. Such bonds were listed on the Stock Exchange of Hong Kong from July 6, 2020.
Changxing Financial Holdings was established in February 2011 with a registered capital of RMB1 billion. The Finance Bureau of Changxing County is the sole shareholder and actual controller of Changxing Financial Holdings. As an important entity engaged in infrastructure construction and investment, management and operation of state-owned assets in Changxing County, the company is mainly responsible for the business of land development, land consolidation and infrastructure construction, and also carries out operational business in trade and finance.
JunHe, acting as the issuer's counsel in respect of British and Hong Kong laws and the agent for the listing of the issuer’s bonds in Hong Kong, assisted the client in handling issues concerning the offering structure, offering circular, transaction documents, etc. and with its application for listing of bonds.
The leading partners in this project are Lee, Alex Jao Jang and Chris Tang. Stephen Wozencroft has also given strong support for this project.
