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Establishment of TTGG-Jiaye No.3 Asset Management Plan

日期: 2015-02-06
浏览次数: 20
source:
Establishment of TTGG-Jiaye No.3 Asset Management Plan
The fund raising for ”TTGG-Jiaye No.3 Asset Management Plan” (hereinafter referred to as “The Asset Management Plan”) initiated by Zhejiang TTGG Real Estate Private Equity Fund Management Co., Ltd. has been finished successfully. The net amount of subscribed A share was RMB 111,690,000 Yuan; the net amount of subscribed B share was RMB 37,230,000 Yuan; RMB 148,920,000 Yuan in total was raised. The Asset Management Plan’s trustee is Bank of Hangzhou Co., Ltd. The above capital was transferred to the Asset Management Plan’s escrow account on Feb. 6, 2015.
     The Asset Management Plan was officially launched on Feb. 6, 2015. It’s invested and managed by its Asset Manager Zhejiang TTGG Real Estate Private Equity Fund Management Co., Ltd. The Asset Management Plan is a Mezzanine Investment. RMB 144,720,000 Yuan is given to Yiwu Xiangyun Real Estate Co., Ltd. as an entrusted loan, and RMB 4,200,000 Yuan is invested in Yiwu Xiangyun Real Estate Co., Ltd. in the form of equity investment. All the funds are exclusively used for the construction and development of “Yiwu Buddha Hall Urban Life Plaza (Tentative Name)” Project.
     Calculation of the Asset Management Plan’s expected return started on Feb. 6, 2015.
 The announcement is hereby made.
 

Zhejiang TTGG Real Estate Private Equity Fund Management Co., Ltd.

Feb. 6, 2015


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