Lin Yuan makes its first move into the publicly offered REITs market, participating in subscriptions for nearly 80 million yuan.
On August 15th, Zhongjin Weipinhui Outlet REIT announced the sale of fund units, with several private equity funds under Linyuan Investment appearing in the investor price information table. According to incomplete public information, this is also the first time that Linyuan Investment has participated in the initial public offering of a REIT project through offline subscription. The announcement shows that the China Securities Regulatory Commission has approved a total of 1 billion units for Zhongjin Weipinhui Outlet REIT. Of these, 700 million units are for strategic allocation, 210 million units for initial offline sales, and 90 million units for public sales. The inquiry work for the fund sale was completed on August 13th. Linyuan Investment's funds, including Linyuan Investment 96, Linyuan Investment 180, Linyuan Investment 238, and Linyuan Investment 212, among others, participated in the offline subscription of the REIT, with a total of 22.9 million units planned for subscription at a price of 3.481 yuan per unit, totaling nearly 80 million yuan.
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