China Construction Bank Corporation (00939): Public offering of REITs terminated for application review.
Construction Bank (00939) announced that its subsidiary Jianxin Housing Service Limited Liability Company (Jianxin Housing) will act as the original equity holder to apply for the issuance of public REITs for the guarantee rental housing project held by Jianxin Housing. The product is called "Jianxin Jianrong Home Garden Rental Housing Closed-End Infrastructure Securities Investment Fund" (this project).
China Construction Bank Corporation (00939) announced that its subsidiary, Jianxin Housing Service Co., Ltd. (Jianxin Housing), as the original equity holder, applied for the public offering of Real Estate Investment Trusts (REITs) for the security rental housing project held by Jianxin Housing, with the product name "Jianxin Jianrong Home Rental Housing Closed-end Infrastructure Securities Investment Fund" (this project). The project was accepted by the China Securities Regulatory Commission and the Shanghai Stock Exchange in March 2024. In order to further integrate project resources and optimize operational management, the fund manager and special plan manager of this project have applied to the China Securities Regulatory Commission and the Shanghai Stock Exchange to withdraw the application for fund registration, listing, and asset support special plan listing transfer. As of the date of this announcement, the application review process of this project by the China Securities Regulatory Commission and the Shanghai Stock Exchange has been terminated.
The termination of this application review will not have an adverse impact on the bank's business activities and financial condition.
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