Dacheng Advises Beijing North Star Industrial Co., Ltd. on Issuance of RMB2.5bn Corporate Bonds
A Dacheng team composed of senior partner Zhang Hong, partner Chen Hui and associate Chen Fenfen advised Beijing North Star Industrial Co., Ltd. (A-stock code: 601588, H-stock code: 00588) on the public offering of no more than RMB2.5bn worth of corporate bonds, following the approval from CSRC on December 9, 2014.
The issuance was conducted in compliance with “Letter on the Reporting Requirement of Public Companies Involved in Real Estate Business in M&A or Refinancing”, released by Public Company Regulation Department 1 of CSRC on September 4, 2013, which has set out more detailed and stricter criteria on attorneys’ due diligence work.
Beijing North Star Industrial Co., Ltd. is a joint stock company set up independently by Beijing North Star Industrial Group Limited Liability Company on April 2, 1997. It was floated on HKEx in the year of inception and was launched on the Stock Exchange of Shanghai in 2006. Dacheng has previously advised the company on the issuance of 2008 corporate bonds. The attorneys’ expertise and sense of responsibility was fully recognized by the client.
The issuance was conducted in compliance with “Letter on the Reporting Requirement of Public Companies Involved in Real Estate Business in M&A or Refinancing”, released by Public Company Regulation Department 1 of CSRC on September 4, 2013, which has set out more detailed and stricter criteria on attorneys’ due diligence work.
Beijing North Star Industrial Co., Ltd. is a joint stock company set up independently by Beijing North Star Industrial Group Limited Liability Company on April 2, 1997. It was floated on HKEx in the year of inception and was launched on the Stock Exchange of Shanghai in 2006. Dacheng has previously advised the company on the issuance of 2008 corporate bonds. The attorneys’ expertise and sense of responsibility was fully recognized by the client.