m88 sport betting app Assists Yinchuan Tonglian in its FTZ Bondholders' Meeting Where It Was Granted Early Redemption Rights

In December 2024, Yinchuan Tonglian Capital Investment and Operation Group Co., Ltd. ("Yinchuan Tonglian") held a bondholders' meeting (m88 sport betting app "Meeting") in Hong Kong. Yinchuan Tonglian was granted approval for flexible early redemption rights for all of its existing China (Shanghai) Pilot Free Trade Zone offshore bonds ("FTZ Bonds"). m88 sport betting appse bonds were issued in June 2023 with an issuance amount of RMB 2.12 billion and are set to mature in 2026. m88 sport betting app bonds were issued within m88 sport betting app Free Trade Zone and registered with m88 sport betting app China Central Depository & Clearing Co., Ltd. ("CCDC"). Guaranteed by an irrevocable standby letter of credit from m88 sport betting app Ningxia Branch of m88 sport betting app Postal Savings Bank of China, m88 sport betting app bonds were listed on m88 sport betting app Chongwa (Macao) Financial Asset Exchange. According to m88 sport betting app resolution adopted at m88 sport betting app Meeting, Yinchuan Tonglian exercised m88 sport betting app early redemption rights and completed m88 sport betting app full early redemption of m88 sport betting appse bonds in January 2025. This transaction has significant implications for optimizing regional debt structures, preventing financial risks, and promoting stable economic and social development.

Yinchuan Tonglian's business includes infrastructure construction and operation, state-owned resource investment, industrial development, public services, and new energy investment. Under m88 sport betting app leadership of m88 sport betting app Yinchuan Municipal Party Committee and Government and with m88 sport betting app guidance and assistance of m88 sport betting app Municipal State-owned Assets Supervision and Administration Commission, Yinchuan Tonglian has become a profitable financial quasi-SOE with high financing amounts and diverse investments across multiple industries.

The m88 sport betting app team acted as the international legal counsel to the underwriter and the international legal counsel to the trustee. As the international legal counsel to the underwriter, m88 sport betting app’s team drafted the full set of transaction documents, participated in the negotiation and modification of the transaction documents, chaired the bondholders' meeting, and advised on issues related to UK law. As the international legal counsel to the trustee, m88 sport betting app’s team assisted the trustee in reviewing the full set of the transaction documents, participated in the negotiation of the transaction documents, reviewed legal opinions, and advised on the legal issues for this project.

This was m88 sport betting app first nationwide redemption of FTZ Bonds exceeding RMB 2 billion, making it m88 sport betting app largest ever FTZ bond redemption. m88 sport betting app project has mitigated debt risks, maintained financial stability, and sent a signal to m88 sport betting app market that Yinchuan City is actively addressing debt issues and optimizing m88 sport betting app financial environment. It demonstrates Yinchuan City's determination to provide a favorable market environment for m88 sport betting app future financing activities of local enterprises and highlights m88 sport betting app strong economic development of m88 sport betting app area. m88 sport betting app project has significantly improved Yinchuan City's credit environment, enhanced market confidence, and created a healthy financial ecological environment for m88 sport betting app city's subsequent economic development. This was also m88 sport betting app first time that m88 sport betting app terms of FTZBonds were modified through a bondholders' meeting and realize full redemption, marking an important milestone. The m88 sport betting app team assisted Yinchuan Tonglian, the consent solicitation agent, CCDC, the trustee and others in resolving the various technical issues, and they procured the approval of the early redemption proposal at the bondholders' meeting, setting many precedents.

m88 sport betting app’s team acting as the international legal counsel to the underwriter was led by partnerm88 casino. M88 game APK 专业人员,文章发布led the m88 sport betting app team acting as the international legal counsel to the trustee.