Precise(SZ:300442) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-06-25 22:55Group 1 - The fund is a publicly offered infrastructure securities investment fund, with a total issuance of 1 billion shares, of which 700 million shares are allocated for strategic placement, 210 million for offline issuance, and 90 million for public investors [5][10][18] - The fund aims to invest over 80% of its assets in the Southern Capital - Runze Technology Data Center Phase 1 infrastructure asset-backed securities, focusing on obtaining stable cash flows from infrastructure project custodial service fees [3][4] - The fund's initial strategic placement includes 340 million shares from original equity holders and 360 million shares from other strategic investors, while the offline issuance is set at 210 million shares [6][18] Group 2 - The offline inquiry will take place on July 1, 2025, with a price range set between 3.020 yuan and 4.531 yuan per share [8][39] - Investors must complete registration and qualification verification by June 30, 2025, to participate in the offline inquiry [27][36] - The fund management will determine the final issuance price based on the median and weighted average of the bids received from offline investors [45] Group 3 - The fund's strategic investors are required to hold at least 20% of the total issuance for a minimum of 60 months, while the remaining shares must be held for at least 36 months [12][20] - The fund's management has the right to adjust the allocation of shares between strategic, offline, and public investors based on demand and market conditions [49][50] - The fund aims to leverage the growing demand for data centers driven by advancements in generative AI and large models, which is expected to stabilize service fees in the industry [4][10]