29 July 2021
On June 1, 2021, Jiangsu Shagang Group Co., Ltd (hereinafter referred to as "Shagang Group" or "the company") issued USD $300 million three-year bonds through its overseas wholly owned subsidiary, which was unconditionally and irrevocably guaranteed by Shagang Group.
Shagang Group is a key enterprise group and an extra-large industrial enterprise located in Jiangsu Province with headquarters in Zhangjiagang City, Jiangsu Province. Currently, Shagang Group has five production bases distributed throughout Jiangsu, Liaoning, Henan and other places. Combining long and short production processes, the production line is technologically advanced. The products have complete range and rich categories, which exported to more than 100 countries and regions around the world, and are widely used in infrastructure construction, industrial production, high-end equipment, daily consumption and other fields.
JunHe acted as the Chinese legal adviser to the underwriters in this project. JunHe assisted in the communication and coordination between the project and the domestic regulatory authorities, carrying out due diligence of Chinese laws and issuing Chinese legal opinions. The team assisted in the internal and external approval process of the company, and reviewed the transaction documents from the perspective of Chinese laws, providing high-quality, rigorous and efficient legal services.
For further information, please contact:
YU, Yongqiang (YY), Partner, JunHe
yuyq@junhe.com
