Conyers provided British Virgin Islands legal advice to Luheng International Co., Ltd., an indirect wholly owned subsidiary of Zibo Zichuan Finance Holding Co., Ltd., (“Zibo Zichuan”) in connection with its issue of an aggregate amount of RMB 112 million 6.90% guaranteed bonds due 2028. The bonds are unconditionally and irrevocably guaranteed by Zibo Zichuan.

Zibo Zichuan is a state-owned enterprise wholly owned by Zichuan SASAB, a government organ of the Zichuan District Government. Zibo Zichuan and its subsidiaries form the district’s primary investment and infrastructure construction platform, with core entities undertaking water supply, heat supply, environmental services and municipal operations in Zichuan District of Zibo City.

Partner Ryan McConvey of Conyers’ Hong Kong office advised on the matter working alongside DeHeng Law Offices.

Stay current with our latest legal insights and subscribe today