Zhejiang China Light&Textile Industrial City Group (600790.SH) is planning to launch a public offering of real estate investment trusts (REITs) worth around 10-20 billion yuan to develop consumer infrastructure.

Zhejiang China Light&Textile Industrial City Group (600790.SH) announced that in order to further optimize its existing assets and achieve the capital operation cycle of "investment, financing, management, and exit" of consumer infrastructure projects, and promote the strategic transformation of the company's light asset operation model, the company plans to apply for the pilot issuance of publicly traded real estate investment trust funds in the infrastructure sector with a scale of approximately 10-20 billion yuan, using its holdings in projects such as the Beilian Market. (The specific issuance targets and scale are subject to the actual issuance plan) As of now, the project is still in the planning and design phase, and the specific plan still needs to be approved by the company's board of directors, shareholders' meeting, and relevant departments. Subsequent issuances will also require approval from the National Development and Reform Commission, China Securities Regulatory Commission, and securities exchanges, which may involve some uncertainty.