In April 2023, the "Ping An-Xiamen International Trade Accounts Receivable Asset Support Special Plan Phase 1" (hereinafter referred to as the "Special Plan"), was successfully issued with a total issuance scale of RMB 520 million and a term of 360 days, senior interest rate at 2.99%.
The original equity holder and the difference payment commitment person of the special plan is Xiamen International Trade Group Co., Ltd. (hereinafter referred to as "ITG"), and the underlying assets are trade receivables owed by ITG and its subsidiaries. ITG is a core member of the Fortune Global 500 International Trade Holdings Group (ranked 106th in 2022), and its supply chain business has maintained stable operations for a long time. Through years of operation, it has established a group of stable suppliers and customers at the trade end.
Acting as ITG legal counsel, Llinks with its rich project experience in the field of asset securitization, provided valuable legal opinions and professional services such as scheme demonstration, structure design, legal due diligence, transaction document drafting for this project.
Llinks Team:
Partner: Elva Yu
Associate: Rain Shen
