China Construction Bank (00939): Public REITs Application Review Terminated

Stock News01-23

China Construction Bank (CCB) (00939) has issued an announcement regarding its subsidiary, Jianxin Housing Service Co., Ltd. (Jianxin Housing), acting as the original equity holder. The subsidiary had applied to issue a public REIT based on its affordable rental housing projects, with the product named "Jianxin Jianrong Jiayuan Rental Housing Closed-end Infrastructure Securities Investment Fund." This project was accepted for review by the China Securities Regulatory Commission (CSRC) and the Shanghai Stock Exchange in March 2024. To further integrate project resources and optimize operational management, the project's fund manager and special plan manager have applied to the CSRC and the Shanghai Stock Exchange to withdraw the application materials for the fund's registration, listing, and the transfer application for the asset-backed special plan. As of the date of this announcement, the application review process for this project with the CSRC and the Shanghai Stock Exchange has been terminated. This termination of the application review is not expected to have an adverse impact on the bank's business activities or financial condition.

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