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Zhong Lun Advises on Issuance of USD 100 Million Notes Guaranteed by Junfa Property in Hong Kong
Zhong Lun Advises on Issuance of USD 100 Million Notes Guaranteed by Junfa Property in Hong Kong
On March 28, 2019, Power Best Global Investments Limited, a subsidiary of Hong Kong Junfa Property Company Limited (“Junfa Property"), announced the issuance of US$100 million 13% notes due 2021 guaranteed by Junfa Property in Hong Kong (the “Note Issuance").
Power Best Global Investments Limited, a company with limited liability incorporated in British Virgin Islands, is a wholly-owned subsidiary of Junfa Property. Junfa Property and its subsidiaries (“Junfa Group"), founded in 1998, is a national comprehensive group company that engages in real estate development, housing construction engineering, municipal roads construction, property management service, commercial and hotel operation and other business sectors. Junfa Group has been listed as a Top 50 Chinese Real Estate Enterprise, a Top 50 Chinese Real Estate Companies in terms of brand value and a Top 30 Chinese Property Management Service Enterprises, and has been occupying the largest market share in Kunming for ten consecutive years and ranked the first among Top 100 Yunnan Private Enterprises for four consecutive years. Junfa Group has developed around 100 projects in 17 cities including Kunming, Dali, Lijiang, Ruili, Xishuangbanna, Chengdu, Guiyang, Shanghai, Wuxi, Zhengzhou, Shenzhen, Xi'an, Foshan, Shijiazhuang, Wanning, Phuket in Thailand, and Sihanoukville in Cambodia.
China International Capital Corporation, Guotai Junan International, Zhongtai International and CRIC SECURITIES acted as the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers of the Note Issuance. Zhong Lun Law Firm acted as the PRC counsel of the Issuer on the Note Issuance. The legal team from Zhong Lun was led by Anthony Qiao and Michael Chen, and included Chi Cheng, Grace Wang, Nicole Wang, Jia Song, Lisa Liu, Kevin Wang, Dean Liu and Zoe Tao.
Professionals
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Anthony QIAO
Equity Partner
ShanghaiPractices： Chinese Mainland Capital Markets,Hong Kong & Overseas Capital Markets,Financial Products & TrustsIndustries： Real Estate,Urban Infrastructure,Transportation & Logistics,Tourism & Hospitality,Energy & Power,Insurance,Healthcare -
Anthony QIAO
Equity Partner
Shanghai
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