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Shanghai Industrial Holdings' Subsidiary Set to Subscribe for REIT Units on IPO
Shanghai Industrial (00363.HK) subscribes to fund rights, involving up to 1.38 billion yuan.
Shanghai Industrial Holdings (00363.HK) announced that its indirect wholly-owned subsidiary, Shanghai Jiyun, has entered into a strategic investor placement agreement with Ping An Fund. According to this, Shanghai Jiyun (as a strategic investor) agrees to subscribe for the allocated shares based on the subscription amount. Shanghai Jiyun will subscribe for an allocated share of 15.8284% of the offering, approximately 0.158 billion fund units. The subscription amount payable by Shanghai Jiyun shall not exceed RMB 1.38 billion.
Shanghai Ind H (00363) subsidiary intends to subscribe for REIT fund units.
Shanghai ind h (00363) announced that on November 18, 2024, Shanghai Jintun (the company's indirect...
Shanghai Ind H (00363.HK) subsidiary Shanghai Jiyun has entered into a strategic investor placement agreement with Ping An Fund.
Grace Times November 18th | Shanghai Industrial Holdings (00363.HK) announced that on November 18, 2024, Shanghai Ind H (an indirectly wholly-owned subsidiary of the company) entered into a strategic investor placement agreement with Ping An Fund. Under this agreement, Shanghai Ind H (as a strategic investor) agrees to subscribe for allocated units according to the subscription amount. Shanghai Ind H will subscribe for 15.8284% of the allocated units, which is 158,284,000 fund units. By subscribing to the REIT units, the liquidity and marketability of the related assets under the REIT will be enhanced, facilitating the group's participation in the securities market.
The CSRC has issued guidelines on market cap management, requiring listed companies to improve their profitability.
To implement the "State Council's Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of Capital Markets," further guide listed companies to pay attention to their investment value, effectively enhance investor returns, the China Securities Regulatory Commission issued the "Guidelines for the Supervision of Listed Companies No. 10 - Market Cap Management," which will be implemented from the date of publication. The "Guidelines" require listed companies to improve their company quality, enhance operational efficiency and profitability based on actual situations, and lawfully and compliantly utilize methods such as mergers and acquisitions, stock-based incentives, employee stock ownership plans, cash dividends, investor relations management, information disclosure, share repurchases, etc., to promote the reasonable investment value of listed companies.
Announcement Highlights | sunac's cumulative contracted sales in the first 10 months were 43.78 billion yuan; pru's annual premium equivalent sales total increased by 7% to 4.638 billion US dollars in the first three quarters.
Greentown China's total contract sales amount for the first 10 months is around 215 billion yuan, a year-on-year decrease of 3.5%; Dongfeng Group's cumulative automobile sales in the first 10 months were 1.5264 million units, a year-on-year decrease of about 10.0%.
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