Conyers provided British Virgin Islands legal advice to San Shui International Development Co., Ltd, an indirect wholly owned subsidiary of Jiangsu Jiangyan Economic Development Group Co., LTD (江蘇姜堰經開集團有限公司) ( “Jiangyan Economic Development Group”) in connection with its issue of an aggregate amount of US$30 million 5.17% guaranteed notes due 2024 which are unconditionally and irrevocably guaranteed by Jiangyan Economic Development Group.

Jiangyan Economic Development Group is a major investment and financing platform in Jiangyan District and is wholly owned by the State-owned Assets Supervision and Administration Committee of Taizhou City (泰州市政府國有資產監督管理委員會). Since its establishment in 2015, Jiangyan Economic Development Group has been the core operating entity carrying out infrastructure construction, land consolidation and trading businesses within Jiangyan District of Taizhou City.

Partner Richard Hall and Associate Ryan McConvey of Conyers’ Hong Kong office advised on the matter working alongside Chungs Lawyers in Association with DeHeng Law Offices.

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