Appleby is pleased to have acted as British Virgin Islands (BVI) counsel to Xin Fu (BVI) Co., Limited in connection with its successful issuance and listing of US$80 million 6.50% guaranteed bonds due 2028 and listed on the MOX (Chongwa (Macao) Financial Asset Exchange). The issuance of bonds took place on 19 May 2025, was guaranteed by Taizhou Xintai Group Co., Ltd. and Taizhou Guokong Investment Group Co., Ltd..
Led by Vincent Chan, Partner at the Appleby’s Hong Kong office, the team provided legal counsel and expertise throughout the transaction, reinforcing its commitment to supporting cross-border financing initiatives.
The Group serves as a leading investment, financing, and operating platform for urban development in Taizhou City, Jiangsu Province, China. It is also the main investment and operating entity for the Taizhou Medical High-tech Zone. Since its establishment in September 2001, the Group has played an integral role in the infrastructure growth of the Taizhou Economic Development Zone (EDZ) and the Taizhou Central Business Zone (CBZ) by focusing on urban development and infrastructure construction, with other principal businesses segment including sales of new and used automobiles, automobile parts and accessories, as well as trading of chromite, coal products, high carbon ferro-chrome, polyvinyl chloride, purified terephthalic acid and chemical plastic products.