BBMG Corporation (02009): "Huaxia Golden Summit Intelligent Manufacturing Plant REIT" will be listed on the Shanghai Stock Exchange starting from February 26th.
26/02/2025
GMT Eight
BBMG Corporation (02009) announced that its Huaxia Jinyu Intelligent Manufacturing Plant Industrial Park Closed-End Infrastructure Securities Investment Fund (hereinafter referred to as "Huaxia Jinyu Intelligent Manufacturing Plant REIT") has obtained approval from the China Securities Regulatory Commission on December 25, 2024.
Huaxia Jinyu Intelligent Manufacturing Plant REIT completed its offering on January 20, 2025, and was listed on the Shanghai Stock Exchange starting from February 26, 2025, with the trading code 508092. The fund is abbreviated as "Jinyu Intelligent Manufacturing" and the ticker symbol is "Huaxia Jinyu Intelligent Manufacturing Plant REIT".
Huaxia Jinyu Intelligent Manufacturing Plant REIT ultimately raised 400 million fund units, with an offering price of 2.839 yuan per unit, resulting in a total fundraising amount of 1.1356 billion yuan. The offering of Huaxia Jinyu Intelligent Manufacturing Plant REIT consists of strategic placements, offline placements, and public investor offerings. The strategic placement units totaled 298.28 million, accounting for 74.57% of the total units offered, with subscriptions from the company (original equity owner) or related parties under the same control at 140 million units, representing 35% of the total units offered, and other strategic investors at 158.28 million units, representing 39.57% of the total units offered; offline investors subscribed for 71.204 million units, accounting for 17.801% of the total units offered; public investors subscribed for 30.516 million units, accounting for 7.629% of the total units offered.
This issuance of infrastructure public REITs will enable the company to realize the value of mature industrial parks, optimize asset structure, improve capital turnover efficiency and return levels, and some of the funds raised will be invested in other industrial park projects, promoting a virtuous cycle of investment in industrial park infrastructure and enhancing the company's sustainable operational capabilities.