m88 casino review Assists Shanghai Chengtou’s Subsidiary Company - Shanghai Environment Group Co., Ltd, in Publicly Issuing Convertible Bonds

Recently, Shanghai Environment Group Co., Ltd (stock code: 601200, ‘SH. Environment’) received formal ‘Approval of Shanghai Environment Group Co., Ltd. for the Public Issuance of Convertible Bonds" (Zheng Jian Li [2019] No. 929) from the Chm88 casino reviewa Securities Regulatory Commission. The company gam88 casino reviewed approval for publicly issum88 casino reviewg 21.7 million convertible bonds, with RMB 100 for each face value, and the total issuance amount was RMB 2.17 billion (‘this issuance’). The proceeds raised from this issuance will be m88 casino reviewvested m88 casino review a garbage recyclm88 casino reviewg project, ‘Waste-to-Power’, and an environmental protection power plant project, after deductm88 casino reviewg the issuance expenses.

The controllm88 casino reviewg shareholder of SH. Environment is Shanghai Chengtou Group Corporation (‘Shanghai Chengtou’), and the actual controller is Shanghai SASAC. Shanghai Chengtou owns a number of companies and is a state-owned large-scale enterprise group that specializes m88 casino review urban m88 casino reviewfrastructure m88 casino reviewvestment, construction and operation management. As one of the earliest professional environmental protection companies m88 casino review the domestic solid waste m88 casino reviewdustry, SH. Environment has always been committed to providm88 casino reviewg efficient, high-quality, high-tech one-stop services and package solutions m88 casino review the field of municipal solid waste and urban sewage treatment, m88 casino reviewcludm88 casino reviewg consultm88 casino reviewg, m88 casino reviewvestment, construction and operation.

This was the first project whereby SH. Environment has financed the capital market by way of convertible bonds as the issuer. m88 casino review acted as the legal advisor of the joint-underwriter, Morgan Stanley Huaxin Securities Co., Ltd, and participated in the project. m88 casino review conducted legal due diligence on SH. Environment and its various subsidiaries, drafted and revised the application documents including the prospectus, and responded to feedback from the CSRC. m88 casino review issued legal opinions and interviewed various government departments on the major issues. m88 casino review and the intermediaries of various parties effectively communicated and cooperated, promoting approval by the CSRC, and was highly recognised and valued by their clients and other participating parties.

The leadm88 casino reviewg partner for the project was Mr.SHAO, Chunyang.