[ET Net News Agency, 30 November 2018] Zhenro Properties Group Limited (06158) said
that Zhenro Properties Holdings Company Limited, a joint stock company established in the
PRC and a wholly-owned subsidiary of the company, has on 29 November 2018 determined to
issue the asset-backed securities, which are backed by the account receivables for the
balance payment of properties sold, in Shanghai Stock Exchange.
The principal amount is RMB1.084 billion. The proceeds from the issuance of this
asset-backed securities are expected to be used for repayment of debts of the group. (RC)