NHPRECL(SH:600638) Ge Long Hui A P P·2026-02-24 11:20Core Viewpoint - The company, Xin Huangpu, has approved a special plan for asset-backed securities related to rental housing, indicating a strategic move to enhance its real estate portfolio and attract investment in the rental market [1][2]. Group 1: Company Actions - Xin Huangpu convened its ninth board meeting on April 28, 2025, to approve the proposal for a special plan for asset-backed securities related to rental housing [1]. - The company will act as the original rights holder for the special plan, with Pacific Asset Management Co., Ltd. serving as the plan manager [1]. - The underlying asset for this plan is a rental housing project located in the Minhang District, specifically the MHPO-0306 unit [1]. Group 2: Financial Developments - As of the announcement date, all subscription funds have been transferred to the special plan's custody account, and the total number of asset-backed securities subscribed has reached the target fundraising scale outlined in the plan documents [2]. - The special plan is set to be officially established on February 13, 2026 [2].