---
title: "China Everbright Holdings intends to subscribe for no more than 470 million yuan for the issuance of REIT fund units, accounting for over 9% of the total issuance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286691643.md"
description: "China Everbright Holdings announced the subscription of REIT fund units for no more than RMB 470 million, accounting for approximately 9.332% of the total issuance. The REIT is the China Everbright Prudential Everbright Anstone Closed-end Commercial Real Estate Securities Investment Fund, with an initial offering scale of approximately RMB 4.6 billion. The related assets include Shanghai Jing'an Grand Gateway and Guangdong Jiangmen Grand Gateway. Despite market challenges, this initiative helps promote capital recovery and improve financial performance"
datetime: "2026-05-18T00:45:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286691643.md)
  - [en](https://longbridge.com/en/news/286691643.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286691643.md)
---

# China Everbright Holdings intends to subscribe for no more than 470 million yuan for the issuance of REIT fund units, accounting for over 9% of the total issuance

According to the Economic Information Daily on the 18th, CHINA EB LTD (00165) announced that it will subscribe for fund units for a total amount not exceeding 470 million yuan (RMB, the same below), which corresponds to approximately 9.332% of the total number of REIT fund units to be issued.

The group stated that the REIT is the Guangda Baodexin Guangda Anshi Closed-End Commercial Real Estate Securities Investment Fund, with an initial offering scale of approximately 4.6 billion yuan. The relevant assets of the REIT are two shopping center properties, namely Shanghai Jing'an Daluocheng and Guangdong Jiangmen Daluocheng, with construction areas of approximately 18,900 square meters and 12,000 square meters, respectively. In the previous year, the annual weighted average occupancy rate of Shanghai Jing'an Daluocheng was approximately 95.66%, while Guangdong Jiangmen Daluocheng was approximately 93.52%. According to an assessment conducted by independent professional property valuers using the income method, the total assessed value of the relevant commercial properties as of the valuation reference date of December 31 last year was approximately 5.8 billion yuan. The group indicated that despite the current challenges in the real estate market, this move can facilitate an orderly exit from its private real estate fund investments at reasonable valuations, thereby promoting capital recovery and contributing to financial performance. (wh)

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