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Interlaw’s Partner Firm in Hong Kong advises on US$20.5 million Bond Issuance
Stevenson Wong & Co., Interlaw’s partner firm in Hong Kong, recently advised on the bond issuance of a Chinese-registered construction entity. The bonds raised US$20.5 million 6.95 per cent and are listed on Chongwa (Macao) Financial Asset Exchange Co., Ltd., or MOX, in Macau.
The issuer, Weifang Guokong Development Group Co., Ltd. a company incorporated in the People’s Republic of China with limited liability, is an infrastructure construction entity based in Weifang city, and is controlled by the State-owned Assets Supervision and Administration Commission of China’s State Council. The group is mainly engaged in three principal business segments: Infrastructure construction, road maintenance and commodities trading.
The funds raised will assist Weifang Guokong invest in and develop infrastructure in Weifang, including undertaking road maintenance and construction projects. The team at Stevenson Wong & Co. served as Weifang Guokong’s international counsel, while more than a dozen placing agents were involved in the transaction.
The transaction was led by partners Hank Lo, Erica Cheng, and Gordon Tsang.
