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ZhongYin Announces Establishment of “Kaiyuan-Beijing Waterworks Water Supply Income Right-2018 Phase I Asset backed Special Plan”

2018.11.06  

Author: Zhong Yin Law Firm   

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Recently, undertaken by the team led by Dong Wan, a management committee member and senior partner of ZhongYin Law Firm, “Kaiyuan - Beijing Waterworks Water Supply Income Right -2018 Phase I Asset backed Special Plan” (short name Special Plan) has been declared established.

It is understood that the Special Plan is backed by the water fee charging rights for a specific period held by Beijing Waterworks Group Co., Ltd. (short name Beijing Waterworks) due to its water supply business, that is, the water fee (at basic rate) income right which Beijing Waterworks as a water supplier is entitled to due to the sales of the tap water produced by its ninth waterworks, and is issued to raise 650 million yuan.

Beijing Waterworks is a wholly state-owned company under the administration of the Beijing Municipal Government. It is responsible for the water supply in the downtown (urban area), as well as Mentougou, Yanqing, Miyun, Huairou, Fangshan, Daxing, Tongzhou and other new towns of suburban districts and counties in Beijing. It also engages in reclaimed water, sewage treatment, design, construction, and installation of waterworks, pipe network first-aid repair, pipe fittings and water meter manufacturing, water supply materials trading and other businesses. It is an industry leader in the terms of enterprise size, major financial indicators, water supply capacity, water quality, process and technology level, and is one of the largest and most influential urban water suppliers in China.

In this project, ZhongYin conducted a due diligence on the qualifications of relevant parties involved in and the authenticity, legality and integrity of the underlying assets involved in the Special Plan; from a legal perspective, gave professional consulting advices and suggestions on the design and improvement of the transaction structure of the Special Plan; drafted a transaction contract, legal opinions and other documents related to the Special Plan; responsible for responding to feedback and inquiries from regulators and investors, and other work, thus promoting the smooth issuance of the Special Plan. With professional and efficient services, ZhongYin lawyers obtain unanimous affirmation from the client and other intermediaries participating in the project.


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Relevant lawyers

  • Dong Wan

    dongwan@zhongyinlawyer.com

    -Senior partner