Zheng Quan Zhi Xing·2025-07-29 16:18Core Viewpoint - China National Foreign Trade Transportation Group Co., Ltd. (China Foreign Trade) has successfully launched its infrastructure public REITs, which is expected to enhance the company's financial performance and operational sustainability through asset revitalization and expanded financing channels [2][4]. Group 1: REITs Issuance Process - The company approved the proposal for public infrastructure REITs issuance on June 15, 2022, and extended the authorization for 24 months on June 11, 2024 [2]. - The China Securities Regulatory Commission and Shanghai Stock Exchange formally accepted the REITs issuance application on January 8, 2025 [2]. - The REIT, named Zhongyin China Foreign Trade Warehousing Logistics REIT, received approval for registration from the regulatory authorities in May 2025 [2]. Group 2: Fundraising Details - The REIT completed its issuance on June 24, 2025, with a total of 400 million fund shares sold at a price of RMB 3.277 per share, raising a net subscription amount of RMB 1.3108 billion [3]. - The issuance comprised three parts: strategic placement (70% of total shares), offline placement, and public investor placement [3]. - The original equity holder, a wholly-owned subsidiary of the company, subscribed to 80 million shares, accounting for 20% of the total issuance [3]. Group 3: Financial Impact - The issuance of the REIT is expected to positively impact the company's financial metrics, with an anticipated increase in net profit of approximately RMB 390 million for the fiscal year 2025 [4].