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ZhongYin Assists MOMΛ Energy Saving with Successful Offering of Corporate Bond

2019.07.18  

Author: Zhong Yin Law Firm   

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On July 8, 2019, with the support of the team led by Chen Sanying (senior partner of ZhongYing Law Firm) as presenting attorneys, Modern Land Energy Saving Real Estate Co., Ltd. (MOMΛ Energy Saving) obtained an approval from the China Securities Regulatory Commission (CSRC Approval [2019] No. 1233) over its public offering in tranches of corporate bonds with total face value no more than 940 million yuan to qualified investors.

MOMΛ Energy Saving mainly engages in real estate development and sales, real estate leasing, and hotel operations, with main products of residence, ancillary or supporting retail, and so on. It is committed to creating full-life cycle homes featured by green technology + comfortable & energy saving + digitalization & interconnection, as well as building an iconic brand in China's green technology real estate sector – “MOMΛ”. It ranked 78th among “Top 500 Chinese Real Estate Developers in China in 2019” published by China Real Estate Association and others.

The team of Chen Sanying provided full-process legal services for this bond issuance. Based on diligent, conscientious and full verification, it proposed effective solutions to the problems and difficulties arising during bond issuance, issued legal opinions on public offering of corporate bond and special verification opinions on real estate business respectively, and helped the client successfully obtain the approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission, thus winning recognition from the client. The team of Chen Sanying has extensive experience and a large number of successful cases in practicing in domestic listing, corporate refinancing, M&A and reorganization, bond issuance, NEEQ listing, private-offered fund, investment and acquisition, regular legal counseling and other areas, and has a profound understanding of PRC laws and regulations and regulatory practices, and thus can provide flexible, high-quality and value-adding legal services based on the different characteristics of different clients.