Tongshang and Tongshang Hong Kong represented Guiyang County Rongcheng Holding Group Co., Ltd. on the issuance of its CNY credit enhanced bonds on Chongwa (Macao) Financial Asset Exchange Co., Ltd.
Tongshang and Tongshang Hong Kong jointly represented Guiyang County Rongcheng Holding Group Co., Ltd. (桂陽縣蓉城控股集團有限公司) on its issuance of CNY 258 million 5% credit enhanced bonds in China (Shanghai) Pilot Free Trade Zone due 2026 supported by an irrevocable standby letter of credit issued by Bank of Hunan Corporation Limited and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (Stock code: MOXLB2322).
Guiyang County Rongcheng Holding Group Co., Ltd. is a wholly state-owned enterprise that serves as a core operating entity in carrying out infrastructure construction and upgrading activities in Guiyang County, Chenzhou City, Hunan Province. China Construction Bank (Asia) Corporation Limited acted as the trustee and principal paying agent in this transaction.
Tongshang Hong Kong team was led by Managing Partner, Eric Chow, and Partner, Priscilla Lee, supported by Registered Foreign Lawyer, Kevin Tian, Associate, Kathleen Liu, Trainee Solicitor, Sofia Long and Legal Assistant, Ziwei Qiu.