Mar 2023
Conyers provided British Virgin Islands legal advice to Wuxing Industry Investment Husheng Company Limited, an indirect wholly owned subsidiary of Huzhou Wuxing Industrial Investment Development Group Co., Ltd. (“Huzhou Wuxing Group”) in connection with its issue of an aggregate amount of EUR97 million 6.20% guaranteed bonds due 2024 which are unconditionally and irrevocably guaranteed by Huzhou Wuxing Group.
Huzhou Wuxing Group is a state-owned enterprise wholly controlled by State-owned Capital Supervision and Administration Service Center of Wuxing District, Huzhou City. The Group serves the dual purposes of supporting social and economic development of Huzhou City serving as the core operating entity responsible for infrastructure construction, land consolidation and development, as well as sale of resettlement housing.
Partner Richard Hall and Senior Associate Ryan McConvey of Conyers’ Hong Kong office advised on the matter working alongside DeHeng Law Offices .