Dacheng Attorneys Advise Chengtun Mining Group Co. on Corporate Bond Issuance

On September 4, 2013, Chengtun Mining Group Co., Ltd. (“Chengtun Mining”) was granted CSRC approval for issuing corporate bonds, with a total scale of no more than RMB200mln at a maturity not exceeding 10 years. Great Wall Securities Co., Ltd acted as lead underwriter for the bonds under an underwriting standby contract. A Beijing-based project team from Dacheng which was comprised of senior partners Ping Yunwang, Zhang Lei, partner Liu Yahui and associate Liu Tao provided all-round legal service for the issuance.
 
Chengtun Mining (stock code: 600711) was listed on Shanghai Stock Exchange in 1996. So far, it has issued a total of 453mln shares with net asset value of RMB5.11 per share. Chengtun Mining is primarily engaged in the beneficiation and mining of nonferrous metal ores, with business in major provinces and cities in China, including Beijing, Fujian, Inner Mongolia, Yunnan, Guizhou and Ningxia.