Zhongyin Law Firm Help "Jiashi Jindi No. 8 Bridge Asset Supporting Special Plan" Successfully Issue
Author： Zhong Yin Law Firm
Recently, the "Jiashi Golden No. 8 Bridge Asset Supporting Special Plan", which is served as a special legal advisor by our senior partner, Dong Wan, was successfully issued on Shanghai Stock Exchange. The project was granted no objection to the SSE on May 12th, 2017, it is the first batch of approved cultural and creative park asset securitization products.
It is said that the project adopts a dual SPV structure and the original owner is Shenzhen Weixin Software Technology Co., Ltd., a subsidiary of Golden Land Holdings Co.,Ltd. and the owner of the trust loan borrower, namely, project reimbursement cash flow, is Shanghai VIII Bridge Real Estate Leasing Co.,Ltd. Home Project Company, which will obtain the sublet of No. 8 bridge property from 2017 to 2024, (including rental of existing downstream lease contracts and downstream lease contracts signed in the future). Provide pledged guarantee for trust loans, and manage the income of No. 8 Bridge property rental, to be the source of reimbursement for a trust loan for the special plan.
Lawyer Dong Wan and team lawyers Lu Haiyan and Wu Liyang provided legal services for the project. They conducted due diligence on the legal compliance of the No.8 Bridge Property and upstream and downstream lease contracts, and assisted in the design of a special plan under the double spv structure main transaction structure, determine the legal nature of pledged property, accurately interpret the regulatory policies of creative industries park and issue legal compliance opinions, which contributed to this project’s successful approval of the first cultural and creative industrial park in China. The work of Dong Wan lawyers team also won the unanimous approval of customers.