Sinochem International (600500.SH) announced that the company plans to own Shanghai Dehuan Real Estate Co., Ltd. (“Dehuan Real Estate”...
Zhitong Finance App News, Sinochem International (600500.SH) announced that the company plans to sell 70% of the shares and all claims of Shanghai Dehuan Real Estate Co., Ltd. (“Dehuan Real Estate”) through public listing and transfer, and carry out asset securitization (REITs) matters. The plan manager intends to establish special asset support plans (REITs) and participate in the delisting of the underlying assets on behalf of the special plan. If it is finally determined to be the delisted party, the plan manager will use the funds raised from the special plan to pay consideration for the underlying assets and hold the underlying assets on behalf of the special plan.
According to reports, the company's asset securitization through this transaction can revitalize existing assets, speed up the return of capital, improve the efficiency of the use of the company's capital, and optimize the company's asset structure. If the audit and evaluation results of the underlying shares are used as the base listing price, the transaction is expected to increase the net profit of the company's consolidated statements by about 630 million yuan.