Mar 2021
Conyers provided Bermuda legal advice to Beijing Gas Blue Sky Holdings Limited (“Beijing Gas Blue Sky”) in connection with its issue of US$40 million senior notes in exchange for any and all of its outstanding 6.875% senior notes due 2021.
Moving towards clean energy is a key focus of China’s development policies, and is an important economic and environmental objective. As the PRC economy continues to develop, demand for clean energy grows; whereas natural gas, a form of clean energy, has great market potentials and will facilitate the sustainable development of Beijing Gas Blue Sky’s natural gas business.
City gas projects, with its stable revenue stream, can provide a solid foundation of income for the company; natural gas for industrial users and transportation, as emerging sectors, will be our pillars of growth; while natural gas trading and distribution will be a guaranteed source of revenue. Beijing Gas Blue Sky currently has numerous gas projects in the PRC, including projects that supply natural gas to transportation, industrial users, city gas projects, mid-stream projects (i.e. LNG receiving terminal), and other natural gas utilization projects.
Partner Flora Wong of Conyers’ Hong Kong office advised on the matter working alongside Norton Rose Fulbright Hong Kong.