Dacheng Advises Nantong State-owned Assets Investment Holding Co., Ltd. on PPN Issuance

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Time：2015-04-09

On April 6, 2015, Nantong State-owned Assets Investment Holdings Co., Ltd. gained approval from National Association of Financial Market Institutional Investors for the issuance of RMB500mln five-year-term private placement notes (“PPNs”).

PPN is a debt financing instrument offered privately to the interbank markets. It is an important channel for direct financing.

Attorneys Gu Yingbin and Yang Guang from Dacheng’s Nantong office acted as legal advisor for the issuer. They were responsible for offering relevant legal counsel, conducting due diligence and issuing attorneys’ opinion letter.

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