On August 1, 2019, as a Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager, Admiralty Harbour assisted Shandong Chenming Paper Group (1812.HK, the “Company” or "Chenming") in successfully completing the issuance of US$163m 9.00% Senior Notes due in 2022 (the "Transaction") The Transaction is the first public offering of an offshore USD Senior Notes of Chenming.
Meilun (BVI) Limited, an indirect wholly owned subsidiary of Chenming, is the issuer of the Transaction. Chenming provides unconditional and irrevocable parent guarantee. The proceeds raised from the Transaction will be used to refinance Chenming's existing onshore and offshore bonds.
Chenming Group, the leading enterprise in Chinese papermaking industry, is ranked as one of the Top 10 in world paper industry and Top 500 enterprises in China. Since its foundation in 1958, Chenming has grown into large enterprise groups that dominates with its papermaking, finance, pulp, real estate and mining industry and involves in fields like forestry, logistics, building materials, hotels, etc. Chenming has production bases in Shandong, Guangdong, Hubei, Jiangxi, Jilin, etc. Group total assets amount to RMB100 billion and annual pulp paper capability achieves over 10 million tons.