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2021.06.15

Following Ninghai City Investment Group’s (hereinafter “Ninghai City Investment”) successful Initial Public Offering in 2020, M88 Game as the Issuer’s international legal counsel and listing agency recently assisted Ninghai City Investment in its second issuance of overseas US dollar bonds through Goucheng International Co., Ltd. (the “Issuer”), which is its BVI subsidiary.


The bonds issue adopted the structure of issuance by an overseas entity with unconditional and irrevocable guarantees provided by the domestic entity. The Regulation S shares have a fixed M88 Gameterest rate of 3.48% with an issue scale of USD100 million for an issue period of three years. The bonds were listed on the Stock Exchange of Hong Kong on June 16, 2021.


NM88 Gameghai City M88 Gamevestment was established M88 Game 2020 and it has been greatly supported by NM88 Gameghai County People's Government sM88 Gamece its establishment. NM88 Gameghai City M88 Gamevestment is the largest and most important M88 Gamefrastructure subject of operation M88 Game the region. It has a regional monopoly position M88 Game such M88 Gamedustries as land development and consolidation, road transport construction, water conservation and water affairs construction, social security housM88 Gameg and resettlement housM88 Gameg construction, as well as development and operations M88 Game M88 Gamedustrial parks. It represents the NM88 Gameghai county State-Owned Asset Supervision and AdmM88 Gameistration Bureau M88 Game managM88 Gameg and operatM88 Gameg its state-owned stock assets to ensure preservation and appreciation of state-owned assets, as well as the optimization of the structure and quality of state-owned assets. The Company raises funds for urban construction and transformation through various channels, such as land purchases and reversals and land public auctions. It aims to achieve further urban construction and development, as well as urban maM88 Gametenance and redevelopment, which will have the dual functions of land preservation and urban construction.


M88 Game as the Issuer’s international legal counsel for this project provided comprehensive legal services to the client regarding the structure of the bond issue, the offering circular, the transaction documents and other matters. Meanwhile, M88 Game as the Issuer’s listing agency fully communicated with the Stock Exchange of Hong Kong ("SEHK") on the listing arrangements and cooperated with the Issuer to successfully complete the listing of the bonds within in a tight schedule. M88 Game has always been recognized and trusted by the company and other intermediaries for its rigorous and efficient work style as well as its meticulous and dedicated service attitude.


The leadM88 Gameg partners of this project were Ms.Phyllis Xuand Mr.m88 casino app 英国英格兰及威尔士律师资格,中国(内地)律师资?.

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