ZTCHoldings Co., Ltd. (“ZTCHoldings”) has recently successfully issued the second tranche of 2022 super & short-term commercial papers (“SCPs”) at the National Association of Financial Market Institutional Investors. Along with the issuance of the first tranche of 2022 SCPs, an aggregate amount of RMB 0.5 billion SCPs have been issued in 2022. This is the third time JunHe has assisted ZTCHoldings in its successful issuance of financial instruments following the issuance of RMB 1 billion medium-term notes (MTNs) and RMB 750 million SCPs in 2020 and 2021, respectively (collectively, the “Project”).
Founded in 1985 and formally established in 1993, ZTCHoldings is the controlling shareholder of two listed companies: ZTE Corporation (SZ.000063/HK.00763) and Pylon Technologies Co., Ltd. (SH.688063). Over the past 30 years, ZTCHoldings has grown into a large investment holding group with assets under management of nearly USD 200 billion and several listed and quasi-listed company members. They have invested in multiple industries including information and communications, intelligent manufacturing, new energy storage, enterprise-level services and fund investment. In the new era, ZTCHoldings has focused on building a first-class industrial investment group with a solid industrial structure, clear business model, outstanding comprehensive advantages and standardized and efficient management. It has created a unified industrial investment, management service and resource integration platform for ZTE enterprises, and realizes the high-quality and sustainable development of ZTCHoldings, ZTE Corporation and Pylontech with its clear positioning and scientific management.
As the legal counsel to ZTCHoldings, JunHe participated in the whole process of the Project and efficiently communicated and cooperated with the other intermediaries. Despite the adverse impacts of the epidemic and other negative factors, JunHe assisted the client in the proposal demonstration, conducted legal due diligence, drafted legal opinions, prepared the application documents and undertook other work. JunHe’s team effectively promoted the progress of the Project and played an important role in its successful completion by actively communicating and collaborating with all parties involved. JunHe’s professional, detailed, efficient and experienced legal services have won the high-level trust and unanimous recognition of ZTCHoldings and the other intermediaries.
The Project was led and undertaken primarily by Mr. WEI, Wei and Mr. HUANG, Wei, and internally reviewed by Ms. YE, Junli.