Hylands Advised Jining High Tech Urban Construction Investment Co., Ltd on the IPO of $118 million overseas senior fixed rate bond

Jining High Tech Urban Construction Investment Co., Ltd (the “Company”) issued overseas senior fixed rate bond worth $118,000,000.00 on the Stock Exchange of Hong Kong on May 20, 2020. Hylands provided legal services for the project for the company as the legal counsel.

The company is the main operating entity for urban infrastructure construction, reconstruction of shantytowns and state-owned assets in Jining National High-tech Industrial Development Zone. It is a wholly-owned subsidiary of Jining High-tech Holding Group Co., Ltd., a solely state-owned enterprise. This is the first time that the company issued US dollar-denominated bond on the Stock Exchange of Hong Kong. This abundantly shows the international capital market’s recognition of the current credit, strength and industrial layout of the Chinese market. It is also an important move for the company to open up the overseas financing channels, achieve diversified financing structure and develop the international market.

Hylands’ legal service team in this project is coordinated by partner Dong Wenhao, supported by lawyers Wu Mengyao and Tian Yanan. The team provided professional legal services for this overseas bond issuance throughout the project.

Hylands’ securities team specializes in the research and practice in the field of securities, and has rich practical experience in bonds, reits, asset securitization, investment and M&A, and financial products in the interbank market.

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