Fuxing Huayu Qunxingcheng Asset-backed Special Plan, a fully-owned subsidiary of Fuxing Corporation (Stock Code: 000926) listed on the main board of the Shenzhen Stock Exchange, plans to establish the "Fuxing Huayu Qunxingcheng Asset-backed Special Plan" (hereinafter referred to as the "Special Plan") for listing on the Shenzhen Stock Exchange. Engda Law Firm is appointed as the special legal advisor for this Special Plan, and Lianhe Securities Co., Ltd. serves as the manager of the Special Plan.
Fuxing Huayu Qunxingcheng intends to establish property rights trusts based on the creditor's rights it holds from borrowers, thereby owning the beneficial rights of property rights trusts. After the establishment of the Special Plan, Lianhe Securities Co., Ltd. will raise funds by issuing asset-backed securities to investors and subsequently acquire all the beneficial rights of the trust held by Fuxing Huayu.
The target total fundraising scale of this Special Plan is not more than CNY 1.5 billion, including CNY 1.26 billion for the issuance of Priority A securities, CNY 0.14 billion for the issuance of Priority B securities, and CNY 1.00 billion for the issuance of Subordinated securities. This Special Plan represents an innovative asset operation model, enabling diversification of financing channels for the listed company and its subsidiaries, meeting the company's liquidity needs, and promoting its business development.
The special legal advisory services for this project are led by Li Ming, Director of Engda Law Firm, with support from the Capital Market Business Department lawyers Song Hao, Yang Jingxue, and Zhou Linglei. The legal services include legal consultation, legal due diligence with the issuance of due diligence reports, providing legal opinions, drafting, reviewing, and modifying a complete set of transaction documents such as standard terms, trust agreements, guarantee agreements, and repurchase agreements.
