Zhaoshang Gushou-Red Star-Linklogis Supply Chain Asset Backed Securities Project ("ABS Project") in which Llinks fully participates got approval of issuing not exceeding 10 billion Yuan securities from Shenzhen Stock Exchange in June, 2018. The first issue which was on 14, September, 2018 is divided into senior securities (triple "A" rating) and junior securities and the scale is 308 million Yuan.
ABS Project is the first storage supply chain ABS project for Red Star Macalline. The underlying asset is the creditor's rights of accounts receivable which the supplier companies enjoy to the project companies directly or indirectly controlled by Red Star Macalline Holding Group Co., Ltd. Shenzhen Qianhai Lianjie Business Factoring Ltd. provides business factoring financing to the supplier companies and becomes the original holder of the creditor's rights. The fundamental asset for ABS Project is the aforementioned creditor's rights Shenzhen Qianhai Lianjie Business Factoring Ltd purchase from supplier companies.
Llinks provided a wide range of high-quality legal services in every stage of the securities listing and issuing, including but not limited to doing legal due diligence, designing transaction structure, issuing legal opinions, and drafting, negotiating, reviewing, modifying transaction documents, etc.
