2024.02.07
ZTCHoldings Co., Ltd. (“ZTCHoldings”) recently successfully issued 2024 Sci-Tech Innovation Corporate Bonds (Series 1) to professional investors publicly on the Shenzhen Stock Exchange. The bonds were issued by series, and the issue size of Series 1 was RMB 1 billion. On December 7, 2023, ZTCHoldings’ application for registration of a public offering of up to RMB 3 billion corporate bonds to professional investors had been approved by the China Securities Regulatory Commission (CSRC).
ZTCHoldings was founded in 1985 and formally established in 1993. It is the controlling shareholder of two listed companies: ZTE Corporation (SZ.000063/HK.00763) and Pylon Technologies Co., Ltd. (SH.688063). After more than three decades, ZTCHoldings has grown into a large investment holding group with assets under management of nearly RMB 200 billion and several listed and quasi-listed subsidiaries. Its business covers a wide range of industries including information and communications, intelligent manufacturing, new energy storage, enterprise-level services and fund investment. With a clear business model, outstanding strength and efficient management, ZTCHoldings is committed to becoming a first-class industrial investment group. It has created a unified platform for industrial investment, management services and resources integration within the group to support its high-quality and sustainable development. Its controlled subsidiaries such as ZTE Corporation and Pylon Technologies also benefit from the company’s clear positioning and scientific management.
JunHe previously acted as the legal counsel to ZTCHoldings in its issuance of medium-term notes and super-short-term commercial papers. JunHe also acted as the issuer’s counsel in its issuance of these corporate bonds and communicated and cooperated with the other intermediaries efficiently throughout the whole process. JunHe was involved in the demonstration of the proposal, conducted the legal due diligence, drafted the legal opinions, prepared filing materials, responded to feedback, built the book and witnessed the placement on site. JunHe actively communicated and collaborated with ZTCHoldings and the other parties and played an important role in the successful completion of the project. With its delivery of rigorous legal services and detail-oriented and professional expertise, JunHe’s team was highly trusted and unanimously recognized by ZTCHoldings and the other intermediaries.
The JunHe team was led by partners WEI, Wei and HUANG, Wei, both of whom were also responsible for the specific work of the project. JunHe partner YE, Junli provided support for the internal control.
