Zhi Tong Cai Jing·2025-10-31 10:36Core Viewpoint - China Overseas Development (00688) announced that the Huaxia China Overseas Commercial Asset Closed-End Infrastructure Securities Investment Fund (REIT) will be listed on the Shenzhen Stock Exchange starting October 31, 2025, with the trading code 180607.SZ [1] Group 1: Fund Details - The REIT will issue a total of 300 million fund shares, with a final offering price of RMB 5.281 per share [1] - Based on the final offering price, the total amount raised from the listing is approximately RMB 1.5843 billion [1] - China Overseas Huan Yu Commercial, a wholly-owned subsidiary of the company, has subscribed for 60 million shares, accounting for 20% of the total issued fund shares [1] Group 2: Strategic Implications - The establishment and spin-off listing of the REIT provide the company with an alternative method for equity financing, diversifying its financing methods and platforms [1] - This move allows the company to activate its infrastructure assets, mitigating the adverse effects of long recovery periods and low asset turnover rates associated with infrastructure investments [1] - The initiative enhances the company's rolling investment capability and sustainable operations, benefiting its long-term performance [1]