Bengang Steel Plates (000761.SZ) plans to contribute physical assets including its CCPP power generation assets to establish a wholly-owned subsidiary.

Zhitong Finance APP News, Bengang Steel Plates (000761.SZ) announced that, in order to revitalize existing assets, broaden equity financing channels, and optimize the asset-liability structure, the company plans to issue holding-type real estate asset-backed securities (inter-agency REITs) on the Shenzhen Stock Exchange. According to the transaction structure requirements for holding-type real estate asset-backed securities, the underlying assets should be held by the project company, and the asset-backed special plan indirectly holds the underlying assets by holding 100% equity of the project company. Accordingly, the company plans to use physical assets such as the CCPP power generation assets it holds as capital contribution to establish a wholly-owned subsidiary, and transfer the CCPP power generation assets into the project company.