On June 10, 2021, Hengli Group Co., Ltd. (hereinafter referred to as "Hengli Group" or "the Company") for which legal services are provided by Kangda completed the issuance of RMB 12 billion privately placed exchangeable corporate bonds (hereinafter referred to as "current bonds"). The bond abbreviation is "21 Hengli EB", with the bond code of "137000", the issuance scale of RMB 12 billion, the coupon rate of 0.50% and the term of three years.
Hengli Group, founded in 1994, is an international enterprise developed in the whole industry chain of oil refining, petrochemical, advanced polyester materials and textile. With a total revenue of RMB 695.3 billion in 2020, Hengli Group now ranks 107th among the world’s top 500 enterprises, 28th among the top 500 Chinese enterprises, 4th among the top 500 Chinese private enterprises and 8th among the top 500 Chinese manufacturing enterprises. It has won the honors of "National Science and Technology Progress Award" and "National Advanced Employment Enterprise" issued by the State Council. At present, Hengli Group has two listed companies, namely Hengli Petrochemical Co., Ltd. (stock abbreviation: Hengli Petrochemical, stock code: 600346) and Guangdong Songfa Ceramics Co., Ltd. (stock abbreviation: Songfa, stock code: 603268), and a company listed on the "New Third Board", namely Suzhou Wujiang Tongli Lake Holiday Resort Co., Ltd. (stock abbreviation: Tongli Lake Holiday, stock code: 834199). The stocks of Hengli Petrochemical are used as the exchange subject to raise the funds of RMB 12 billion through the issuance of current bonds. The funds are mainly used to repay the Company's liabilities with interest and optimize the Company's asset-liability structure.
Kangda's lawyers, as the special legal adviser for the current bonds project, participated in the whole process of application, review, inquiry, reply and issuance of current bonds. With their excellent business ability and meticulous and rigorous working attitude, they won the trust of customers and intermediary colleagues, and helped the smooth issuance of the current bonds. In the future, the lawyers will continue to provide high-quality and efficient legal services for the Company.
The members of the project team
ZHANG Yujia, MA Shuangshuang, QIAN Kun
LU Lei, ZHAO Yihan
Southwest Securities Company, LTD.
Guodu Securities Company, LTD.
Zhongshenzhonghuan Certified Public Accountants LLP
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