On 26 May, Shanghai Stock Exchange issued a notice to Wuxi Beitang Urban Investment and Development Co to approve its filing for small and medium-sized enterprise (SME) private placement bonds. Altogether RMB250m (£24m) worth of bonds was filed with the exchange. Partners Zhang Xinming and Huang Xiamin and paralegal Dai Renzhi from Dacheng’s Shanghai office provided all-round legal counsel for the issuer.
Sinolink Securities acted as underwriter for the bonds.
Wuxi Beitang Urban Investment and Development Co is one of the largest agent engineering and construction companies in Beitang District, Wuxi.