The statement pointed out that this restructuring is an important step in Shengjie's "asset light strategy", which is to release the market value of existing real estate, increase stable income sources, strengthen asset management capa...
The statement pointed out that this restructuring is an important step in Shengjie's "asset light strategy", which is to release the market value of existing real estate, increase stable income sources, strengthen asset management capabilities, and expand fund management business through trust platforms. The company is expected to obtain capital gains of approximately RMB 33 million, while significantly reducing the net debt ratio, creating financing space for future growth.
The initial portfolio has a total of 14 industries. After the Australian project is completed, the investment portfolio will reach 15 projects with a total valuation of RMB 2.116 billion.
Shengjie Enterprise will sell assets worth RMB 1.184 billion to the Trust and retain approximately 45% of the Trust shares through the sponsorship institutions it holds.
Shengjie Enterprise announced the establishment of a Centurion Accommodation REIT and plans to promote listing on the Singapore Stock Exchange main board.
Shengjie Enterprise fell 0.57% on Monday to close at 1.75 yuan.
JieJet issued a statement on Monday (July 14) to announce the above news. According to the statement, the trust will focus on investing in portfolios of specific purpose workers' dormitories (PBWA) and specific purpose student dormitories (PBSA) with stable returns worldwide.
