Seazen Holdings launches Wuyue Plaza ABS program, raising 616m yuan

Seazen Holdings Group Co., Ltd. announced the official establishment of the "Guojin Asset Management - Wuyue Plaza Held-for-Investment Real Estate Asset-Backed Special Program." The program, with an issuance size of 616 million yuan, commenced on November 28, 2025, following the Shanghai Stock Exchange's approval on August 13, 2025. This initiative is part of a broader resolution passed by the board on March 27, 2025, and by shareholders on May 26, 2025, to conduct direct financing of up to 20 billion yuan.

The asset-backed special program, managed by Guojin Securities Asset Management Co., Ltd. and with Shanghai Rural Commercial Bank Co., Ltd. as the custodian, has successfully received all subscribed funds into its custody account. The securities, with a face value of 100 yuan per unit, are set to mature on April 10, 2050.

The program specifies a single category of asset-backed securities with income distribution occurring every six months. This launch underscores Seazen Holdings' strategy to diversify its financing channels, including enterprise bonds, medium-term notes, short-term commercial papers, and other debt and equity financing products across various domestic and international markets.