Yunda Holding to set up multi-phase asset-backed special plan

Yunda intends to establish a multi-phase asset-backed special plan, which will be backed by the underlying assets of the warehousing and logistics infrastructure held by its wholly-owned subsidiaries.

Yunda intends to establish a multi-phase asset-backed special plan, which will be backed by the underlying assets of the warehousing and logistics infrastructure held by its wholly-owned subsidiaries.

Among them, Shanghai Yunda or other wholly-owned subsidiaries of the company are the originator while the company’s holding subsidiary Rui Cai Investment or other fund management companies with qualifications act as fund managers.

It will set up multiple private equity investment funds with a total scale of no more than 2.5 billion yuan.

CITIC Securities intends to initiate the establishment of phases of CITIC Securities-Yunda logistics infrastructure asset-backed special plan, with a total scale of no more than 2.5 billion yuan.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/23/yunda-holding-to-set-up-multi-phase-asset-backed-special-plan/.

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