Dacheng Attorneys Advise Financial Leasing Company on Overseas Fundraising

On December 9, 2012, Guangdong Yingtong Financial Leasing Co., Ltd. (“Yingtong Leasing”) successfully accessed $300mln of funds raised overseas. By then, the biggest-ever single overseas transaction set to finance a financial leasing company ended in a complete success.
 
Yingtong Leasing is one of the several financial leasing subsidiaries under Hong Kong Liangtong International Investment Group, Ltd. (“Liangtong International”), who exercises its control over Yingtong Leasing through Liangtong Leasing Co., Ltd., an investment platform incorporated in Guangdong. Liangtong International’s core business lies in investing in the financial leasing market of Chinese mainland. So far, the total leased assets held by Liangtong International have exceeded RMB10bn, a remarkable record in foreign-invested financial leasing section in China. Because of this, Liangtong Leasing Co., Ltd. was selected as council member of Leasing Industry Committee of China Association of Enterprises with Foreign Investment.
 
Dacheng senior partner Kuang Shuangli acted as legal counsel for the project. Mr Kuang, based on his years of experience and expertise, led his team to provide all-round legal service for the project. The professional, efficient service delivered by Dacheng attorneys won the client’s recognition and prompted the willingness to further cooperation with Dacheng.