On August 4, 2026, Sichuan Dekon Agricultural and Animal Husbandry Food Group Co., Ltd. (Dekon Agricultural and Animal Husbandry, stock code: 02419.HK) completed the issuance of zero-coupon convertible bonds with a total principal amount of USD 100 million, maturing in 2027. The bonds were listed on the Vienna MTF operated by the Vienna Stock Exchange, and the convertible shares have been approved for listing and trading by the Hong Kong Stock Exchange. The proceeds from this issuance will be used for the procurement of feed, raw materials and other production inputs during daily business, as well as for repaying part of the bank loans.
Dekon Agricultural and Animal Husbandry focuses on the breeding and raising of pigs and yellow-feathered chickens. It was listed on the main board of the Hong Kong Stock Exchange on December 6, 2023. Dekon Agricultural and Animal Husbandry’s business is divided into three segments: pigs, poultry and ancillary products, with the pig and poultry segments being the core business. Its vertically integrated business model covers feed production, breeding, propagation, raising and the sale of pigs and yellow-feathered chickens.
JunHe acted as the Chinese legal advisor to the underwriter in this project. They conducted Chinese legal due diligence and issued Chinese legal opinions, assisted in researching and determining the domestic regulatory procedures involved in this issuance, assisted in reviewing the transaction documents from a Chinese legal perspective, verified the filing materials with the China Securities Regulatory Commission and provided legal opinions on Chinese legal matters.
The JunHe team leveraged its experience in the field of overseas bonds and cross-border financing and cooperated with the underwriter, issuer and other intermediaries to provide professional, rigorous and efficient legal support for the successful completion of this issuance.
The lead partner for this project was HE, Tingcai (Lawrence HO). DU, Ruoyi (Roy) was the main lawyer in charge and SUN, Fengmin was the internal review partner.
