According to market news，Greenland 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 of a very large Chinese state-owned enterprise to be listed in Singapore。

It is reported，March 2016，Greenland Holdings has issued announcements and disclosures，Its wholly-owned subsidiary Greenland 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。

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

According to announcement，Greenland 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 Greenland Holdings in other countries (such as Australia、United States、Japan)。

Chairman of Greenland Holdings、President Zhang Yuliang once explained，Preferred issuance of REITs on the Singapore Exchange，Based on the 188bet online sports betting 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，Greenland will also actively promote the financialization of more high-quality bulk assets at home and abroad。

Greenland Winery Trust is also the first RMB-denominated IPO on the SGX，Clear intention to be a pioneer in RMB internationalization in overseas capital markets。

January-February 2021，Greenland equity sales amount achieved 306.900 million yuan，YoY growth of 33.2%，Getting off to a good start。At the same time，Greenland 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，Greenland’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 Greenland 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。

188bet online sports betting Source: China.com Real Estate, original title:《Greenland Group’s wine and tourism REITs are expected to be listed on the SGX in the middle of the year》。