According to market news，188bet online live casino Group’s plan to issue wine and tourism REITS in Singapore has been approved，Estimated in May this year、Listed on SGX in June。This trust will become the first REITs project for a large Chinese state-owned enterprise to be listed in Singapore。

It is reported，March 2016，188bet online live casino Holdings has issued announcements and disclosures，Its wholly-owned subsidiary 188bet online live casino Holding Group Co., Ltd. signed an agreement with Amare Investment Management Group, a subsidiary of Honor Fund, in Singapore，Set up a hotel real estate investment trust and plan to list on the Main Board of the Singapore Exchange。

This cooperation uses 188bet online live casino’s 19 hotel properties in China as the basic assets，Initiated the establishment of "Amare-188bet online live casino Hotel Real Estate Investment Trust"，While realizing hotel asset securitization，Let investors jointly become the beneficiaries of the development of 188bet online live casino Hotel assets，The total assets transferred are worth approximately RMB 21 billion。where，The first portfolio will include those located in Shanghai、Nanjing、Jinan、Xi’an、Zhengzhou、Six hotels in Yangzhou。

According to announcement，188bet online live casino Holdings will subscribe for no less than 30% of the shares in the hotel industry investment trust，And continue to participate in the management of the hotel by forming a joint venture asset management company with Amare (the company holds 25% of the shares)。At the same time，The hotel investment trust also has plans to acquire 188bet online live casino Holdings in other countries (such as Australia、United States、Hotel properties developed by Japan。

Chairman of 188bet online live casino Holdings、President Zhang Yuliang once explained，Preferred issuance of REITs on the Singapore Exchange，Based on the fact that Singapore is the largest REITs market in Asia，Strong market competitiveness，High degree of internationalization。If the test is successful、Conditions and models are mature，188bet online live casino will also actively promote the financialization of more high-quality bulk assets at home and abroad。

188bet online live casino Liquor and Tourism Trust is also the first RMB-denominated IPO on the SGX，Obvious intention to be a pioneer in RMB internationalization in overseas capital markets。

January-February 2021，188bet online live casino equity sales amount achieved 306.900 million yuan，33 year-on-year increase.2%，Get off to a good start。At the same time，188bet online live casino actively reduces debt、deleveraging，The "three-year, three-step approach to leveraging" plan has reached the target ahead of schedule、Effective。

As of the end of February this year，188bet online live casino’s cash to short-term debt ratio exceeds 1，“A red line” “turns green” ahead of schedule，Total interest-bearing liabilities dropped again by 6 billion yuan，Since the deleveraging plan was promoted last year，The cumulative high point has dropped by more than 50 billion yuan。

Chairman of 188bet online live casino Holdings、President Zhang Yuliang said，Next，Green will further speed up its deleveraging plan，The time point for relevant indicators to reach the standard will be moved forward，Within this year，Strive to achieve the goal of “turning green” on both lines。

*This article comesSource: China.com Real Estate, original title:《188bet online live casino Group’s wine and tourism REITs are expected to be listed on the SGX in the middle of the year》。