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Ashurst advised HONGKONG XIANGYU INVESTMENT CO., LIMITED (the "Issuer") in relation to its issuance of US$300 million 5.7% notes due 2025 (the "Notes") guaranteed by XMXYG Corporation (the "Guarantor" or "XMXYG"). The Notes are listed on the Hong Kong Stock Exchange. Ashurst acted as the international counsel to the Issuer and the Guarantor as to both English law and Hong Kong law.

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