Dacheng Advises SMEs on the Registration and Issuance of First Collective Bonds for 2014

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Time：2014-06-03

A Dacheng team led by senior partner Yu Huifrom the finance practice advisedBeijing Lanxum Technology Co. Ltd. and Leyard Optoelectronic Co., Ltd. on the registration and issuance of collective bonds.

On May 20, the bonds, known as “First Collective Bonds for Zhongguancun Hi-Tech Small- and Medium-sized Enterprises in 2014”, were granted approval for registration by National Association of Financial Market Institutional Investors (“NAFMII”). On May 29, theRMB280mln bonds were successfully issued at an annual interest rate of 7.5%. This marks the first collective bonds approved by NAFMII since the beginning of the year.

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