Guangzhou Zengcheng Industrial Investment Group Co., Ltd. (“Zengcheng Industrial Investment” or the “Issuer”) recently obtained approval from the Shanghai Stock Exchange for its 2024 non-public issuance of corporate bonds. The issuance has a total value of up to RMB 1.5 billion, targeted at professional investors (the “Project”). JunHe acted as the special legal advisor for the Issuer.
Zengcheng Industrial Investment is a wholly state-owned company established by the State-owned Assets Supervision and Administration Bureau of Zengcheng District, Guangzhou, to accelerate the economic development of Zengcheng District. It is one of the five major state-owned business groups in Zengcheng District. The company specializes in infrastructure construction, industrial park development and operation, industrial support services and industrial investment, as well as the development and operation of services for industrial parks in Zengcheng District.
This was Zengcheng Industrial Investment’s first bond issuance on the Shanghai Stock Exchange following its initial non-public bond issuance in 2022 on the Shenzhen Stock Exchange. The successful issuance has optimized its capital structure, lowered financing costs and enhanced its comprehensive strength as well as providing momentum for its future development. JunHe was the special legal advisor and participated in the entire process of this Project. They conducted legal due diligence on Zengcheng Industrial Investment and its related subsidiaries, reviewed the legal documents, issued legal opinion, and delivered professional, efficient and comprehensive legal services. JunHe’s meticulous and results-driven approach ensured the timely submission of the Project and earned high recognition and trust from the client and the other intermediaries.
This Project was led by partners FU, Jun (Laura) and Joe Wan. Partners Joe Wan and ZHU, Yuanyuan undertook the major work and partner LEI, Tianxiao provided support for the internal control.