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Announcement of the Establishment of TTGG-Jiaye No.2 Asset Management Plan

日期: 2014-11-10
浏览次数: 8
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Announcement of the Establishment of TTGG-Jiaye No.2 Asset Management Plan
The fund raising for ”TTGG-Jiaye No.2 Asset Management Plan” (hereinafter referred to as “The Asset Management Plan”) initiated by Zhejiang Silicon Paradise Asset Management Group Co., Ltd. has been finished successfully. According to the capital verification done by Zhejiang Yaoxin Certified Public Accountants Co., Ltd., the net amount of subscribed A share was RMB 63,750,000 Yuan; the net amount of subscribed B share was RMB 21,250,000 Yuan; RMB 85,000,000 Yuan in total was raised. The Asset Management Plan’s trustee is Hangzhou Branch of China CITIC Bank Corporation Limited. The above capital was transferred to the Asset Management Plan’s escrow account on Nov. 5, 2014.
      The Asset Management Plan was officially launched on Nov. 10, 2014. On that day, it started to be invested and managed by its Asset Manager Zhejiang Silicon Paradise Asset Management Group Co., Ltd. The Asset Management Plan is a Mezzanine Investment. RMB 15,000,000 Yuan is invested in Jiaxing Pingfang Real Estate Co., Ltd. in the form of equity investment, and RMB 70,000,000 Yuan is given to Jiaxing Pingfang Real Estate Co., Ltd. as an entrusted loan, to be used for the acquisition of “Haiyan Life Plaza (Tentative Name)” and its subsequent construction and development. Calculation of the Asset Management Plan’s expected return started on that day. 
      The announcement is hereby made.

Zhejiang Silicon Paradise Asset Management Group Co., Ltd.
Nov. 10, 2014


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