ZhongYin Represents Haiguo Xintai on Issuance of Debt for Prevention and Control Epidemic
On February 19, 2020, Beijing Haiguo Xintai Investment Holding Center (“Haiguo Xintai”) successfully issued “The First Tranche of Super & Short-Term Commercial Paper (Debt for Prevention and Control Epidemic) of 2020 of Beijing Haiguo Xintai Investment Holding Center”, to raise 1.2 billion yuan, with a term of 120 days and an interest rate of 4.62%. The issuer credit rating is AAA with stable outlook. The team led by Wang Shaoxing of ZhongYin Law Firm represented this client on this project.
Haiguo Xintai is an enterprise owned by the whole people under the State-owned Assets Supervision and Administration Commission of the People's Government of Haidian District, Beijing, with registered capital of 7 billion yuan. As of December 21, 2018, the company's consolidated total assets were 147.254 billion yuan, the net assets were 45.723 billion yuan, and the net profit was 1.544 billion yuan. 0.2 billion yuan raised through this tranche of super & short-term commercial paper will be used to fund the construction of the polypropylene product production line and related overhead of the company's subsidiary.
Wang Shaoxing's team focuses on the legal services related to fixed income financial products such as bonds, debt financing instruments, and asset securitization, has outstanding performance and rich experience in practicing in financial areas such as banking, securities, insurance, trust, and privately-raised fund, can provide clients with a full range of high-quality legal services, and has been well received by clients for high-quality services.