Stevenson, Wong & Co. acted for the placing agents and the trustee in the successful issuance of CNY95 million 8.0% bonds due 2026 by Weifang Water Investment Group Co., Ltd. (the “Issuer”).
The Issuer is a state-owned enterprise 90% owned by the State-owned Assets Supervision and Administration Commission of Weifang City and 10% owned by Shandong Caixin Asset Operation Co., Ltd. The Issuer is a major water supply, investment and construction entity in Weifang City. The main businesses of the Issuer and its subsidiaries include engineering construction and housing sales, water sales, financing and factoring, trade and others.
Wanhai Securities (HK) Limited, Haitong International Securities Company Limited, Dongxing Securities (Hong Kong) Limited, Tung Yat Securities Limited, Interarch Asset Management Limited and Raising International Securities Limited acted as the placing agents in this issuance.
Our placing agent’s counsel team was led by Partner Mr. Rodney Teoh, supported by team members including Associates Ms. Angela Lau and Ms. Audrey Ng, Trainee Solicitor Mr. Austin Kot, and Paralegal Mr. Jay Lee.