AllBright Advises Chengtong Development on Credit Enhanced Bond Sale2014-05-152597
On May 9, 2014, AllBright’s client, China Chengtong Development Group, Ltd., issued 600 million RMB of credit enhanced bonds at the Hong Kong Stock Exchange.
Chengtong Development is a red chips company listed on the Main Board of the Stock Exchange of Hong Kong (Stock code: 217), and is principally engaged in bulk commodity trading, trading of coal, property development, property investment, financial leasing and hotel and marine travel services. Chengtong Development is the only overseas listed company and asset securitization platform for China Chengtong Holdings Group, Ltd., the controlling shareholder.
AllBright partners Lawrence Zhu and Maggie Chen, foreign legal counsel Meng Fanlin, associate Miles Pan and paralegal Lu Xiaoyang formed the Chinese legal team for Chengtong Development and issued legal opinions.