Core Viewpoint - Zhejiang Xineng (600032.SH) announced that its associate company, Zhejiang Shanxi Hydropower Development Co., Ltd. (referred to as "Shanxi Hydropower"), plans to issue public infrastructure REITs backed by operational assets such as the Shanxi Reservoir and power station [1] Group 1: REITs Issuance Details - The public REITs will be backed by the Shanxi Reservoir and power station, with a total asset valuation of approximately 3.004 billion yuan [1] - The issuance will have a term of 30 years, with a planned issuance scale of 2.474 billion yuan, retaining 529 million yuan in liabilities for the project company [1] - Four shareholders, including Wenzhou Public Utilities as the initiator, will participate as original equity holders, with a total subscription ratio set at 80%, while 20% will be sold to public investors [1] Group 2: Shareholder Participation - The four original equity holders will recover 100% ownership of the project company without compensation after the 30-year term [1]
浙江新能:参股公司发行基础设施公募REITs