Dentons advises Guangdong Highsun Group Co., Ltd. on obtaining no-objection letter for its non-public issuance of 2018 corporate bonds

On January 28, 2019, Guangdong Highsun Group Co., Ltd. (Highsun Group) received the "No-objection Letter on the Non-public Issuance of 2018 Corporate Bonds of Highsun Group" (Shen Zheng Han [2019] No.5) from the Shenzhen Stock Exchange. A Dentons Guangzhou team led by Senior Partner Rong Weiwei, assisted by associate Chen Xiaoman, acted as the legal advisor for Highsun Group. The company was permitted to privately issue no more than RMB 500 million three-year corporate bonds to qualified investors.

Highsun Group was listed on the Shenzhen Stock Exchange in 2008 and its stock code is 000861. It is one of the few privately-held commercial listed companies in Guangzhou, one of the top 500 private enterprises in China and one of the top 100 private enterprises in Guangdong Province and Guangzhou. It is mainly engaged in commercial operations, financial services and new energy.

The Dentons team provided professional legal services for this project, including conducting legal due diligence, participating in the design of bond issuance plan, and issuing an opinion letter. Their efficient and high-quality services were highly appreciated by the client and other participating agencies.