BBMG Corp. secures debt financing, launches infrastructure REIT

BBMG Corp. (SSE:601992) has announced significant developments in its financial strategy. The China Interbank Market Dealers Association has approved the registration of debt financing instruments for non-financial enterprises. This includes approval for short-term financing bonds of RMB 10 billion, medium-term notes of RMB 18 billion, and additional medium-term notes of RMB 12 billion, each valid for issuance within two years. Concurrently, the company's "Huaxia JinYu Intelligent Manufacturing Plant REIT" has been listed on the Shanghai Stock Exchange, trading under the code 508092, raising RMB 1.1356 billion, the REIT was split between strategic placements, offline sales and to the public. Strategic placements took up 74.57%, with the corporation and related affiliates taking up 35% of the total.