Calculated based on the subscription price of 7.48 yuan per share, the offline issuance shares received a total of 36.921 billion yuan in subscriptions, public investors subscribed a total of 91.271 billion yuan, and together with the 1.122 billion yuan in subscription funds from the strategic placement, Guotai Junan Jinan Energy Heating REIT "attracted" a total of 129.314 billion yuan.
Jinan Energy REIT is the first public REIT for municipal infrastructure and the first public REIT for heating infrastructure in the country.
Public information shows that the underlying assets of Jinan Energy REIT are 232 sections of high-quality heating pipeline assets held by Jinan Thermal Power Group. The pipeline covers an area of 37.02 million square lebanon telegram data meters and serves 374,500 households. The service area is concentrated in the core functional area of Jinan. The regional economy is developing well, the permanent population continues to increase, and the asset operation is relatively mature and stable.
REITs Real Estate Investment Trusts is translated into Chinese as "real estate investment trust funds" and is a relatively new category among public funds.
Simply put, REITs are like everyone raising funds together to buy a shop or other real estate that can be rented out, and then sharing the dividends from the rental income over the long term based on the proportion of investment. my country's regulatory requirements for REIT products require mandatory dividends, and at least 90% of distributable income must be distributed as returns to investors each year.