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Guantao assists client in issuing Sinolink Asset Management -  Ji’nan Jinkong Factoring Phase 1 Asset-backed Special Program

Recently, Guantao assisted Ji’nan Jinkong Commercial Factoring Co., Ltd. in the successful issuance of the Sinolink Asset Management - Ji’nan Jinkong Factoring Phase 1 Asset-backed Special Program at Shanghai Stock Exchange. 

This Phase I is the initial issuance under the ABS program Ji’nan Jinkong Factoring Phases 1-5.  The project will be issued in installments in the form of storage rack ABS.  The total storage rack size is RMB1 billion, and the issuance scale in this Phase I will be RMB258 million.  The proceeds raised will be used to serve the real economy through factoring business, with emphasis on providing support to key industries, key industry chain and key supply chain enterprises based in Ji’nan. 

Guantao provided legal services for the entire process of the issuance of this ABS program, including assisting with transaction structure design, due diligence on underlying assets, drafting and amending transaction documents, issuing legal opinions and witness opinions. 

Guantao team was led by partner CUI Xiangwei and assisted by Mr. Song Song.