Jiangsu Hantong Ship Heavy Industry Co., Ltd. (“Hantong”), a leading private enterprise in ship and offshore platform manufacturing, recently signed a syndicated facility contract worth RMB 24 billion equivalent with a consortium composed of nine banks. Grandall Nanjing provided legal services for this syndicated financing project.
To assist the enterprise in building contemplated container ships, China Construction Bank, as the lead lender, formed a consortium of nine banks to provide strong financial support to Hantong by issuing advance payment guarantees and providing working capital loans for ship building. Grandall Nanjing Office has been retained to assist the consortium in this syndicated financing project with partners Sun Xianchao and Jing Zhong, and lawyers Chi Wenjing and Tan Meiling as key personnel serving the case.