Core Viewpoint - Maoye International (00848) is initiating a public REITs issuance for commercial real estate, leveraging its subsidiary Chengshang Group Holdings Limited and related party Chengdu Chongde Investment Co., Ltd. to enhance asset liquidity and broaden financing channels [1] Group 1: REITs Issuance - Maoye Commercial (600828) plans to use certain buildings in Chengdu as underlying assets for the public REITs issuance, subject to regulatory approval [1] - The company and its related party intend to jointly invest in the public REITs, subscribing to 34% of the total fund issuance amount [1] Group 2: Financial Impact - The public REITs initiative is expected to activate existing assets and attract social capital for new project investments [1] - As an equity financing tool, public REITs can uncover the intrinsic value of mature commercial properties, optimize the capital structure, improve financial conditions, and reduce financial leverage for Maoye Commercial [1]