By King & Wood Mallesons
13 April 2015, King & Wood Mallesons (“KWM”) advised Greenland Group (“Greenland”) on its successful initial issuance of “Greenland Di Chan Bao” on Guizhou Greenland Financial Exchange, a subsidiary of Greenland Financial Exchange. Greenland’s first online debt product was offered through Zhaocaibao – a platform owned by Ant Financial. Offering investors a 6.4% annual return, Greenland Di Chan Bao was sold out on its first trading day, successfully raising RMB 0.2 billion. The funds raised will be used for reconstruction of shanty towns in Nanchang of Jiangxi Province. in line with the state policies for urban reconstruction and civil projects.
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