Kangda helped Hengli Group in the smooth issuance of RMB 12 billion of privately placed exchangeable bonds

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

Cooperative intermediary

Southwest Securities Company, LTD.

Guodu Securities Company, LTD.

Zhongshenzhonghuan Certified Public Accountants LLP

业绩新闻活动

Kangda assisted Jiangnan Chemical, a subsidiary of China North Industries Group, to purchase assets, which was unconditionally approved by China Securities Regulatory Commission

Kangda helped Hengli Group in the smooth issuance of RMB 12 billion of privately placed exchangeable bonds

Kangda has helped China Railway Group to spin off the IPO stocks of its subsidiary, High-Speed Electrification, and make the listing on the Science and Technology Innovation Board to be successfully approved at the meeting

The contract dispute between Cinda and Junefield over tens of billions of RMB of plot represented by Kangda won the case in the retrial by the Supreme Court

The "Baofeng case" represented by Kangda lawyers won the judgment of the first instance before the Beijing high court

Contact Us

BeijingMore

Add.：8/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China

Tel：+86 10 5086 7666

Fax：+86 10 5691 6450