Dacheng Attorney Advises Taiyuan Coal Gasification (Group) Corporation on PPNs Registration

On December 4, 2013, Taiyuan Coal Gasification (Group) Corporation Limited (hereinafter referred to as “the corporation”) received a notice of acceptance (No.: [2013]PPN376 ) from National Association of Financial Market Institutional Investors on its application of registering private placement notes (“PPNs”) with the agency.
 
Dacheng’s Shanghai-based senior partner Chen Gui acted as legal counsel for the corporation on its PPN registration. The attorney was tasked with offering relevant legal advice, conducting due diligence and issuing legal opinions.
 
The registered amount of RMB1.6bn would stand valid for two years from the day the notice was issued. Guotai Jun’an Securities and China Zheshang Bank would act as joint lead underwriter for the notes, which would be subject to a multi-tranche offering. The first tranche of PPNs was expected to be offered within six months.