Chungs Lawyers advised Zhoushan Islands New Area Penglai State Asset Investment Group on the deal.Zhoushan Islands New Area Penglai State Asset Investment Group Co., Ltd. executed the issuance of US$150 million 3.90% credit enhanced bonds due 2025 supported by an irrevocable standby letter of credit provided by Bank of Hangzhou Co., Ltd. Zhoushan Branch and listed on the Stock Exchange of Hong Kong Limited. Zhoushan Islands New Area Penglai State Asset Investment Group is the core operating entity responsible for sales of resettlement housing and affordable housing, as well as land development and consolidation in Daishan County, serving the dual purposes of supporting the social and economic development of Daishan County and achieving business growth. The Chungs Lawyers team was led Lily Liang (Picture),…
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