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BRIEF-Red Star Macalline receives governmental approval for quasi- REITs programme
June 29, 2017 / 11:27 AM / 3 months ago

BRIEF-Red Star Macalline receives governmental approval for quasi- REITs programme

June 29 (Reuters) - Red Star Macalline Group Corp Ltd

* Refers to announcements in relation to future collaboration between company and fund regarding quasi-REITS programme​

* Announces that relevant governmental approval in relation to quasi- REITS programme has been obtained

* Upon receival of approval, co has entered into agreements to govern administration of fund and quasi-REITS programme

* Co, Gohigh Capital, Cindafund Investment Management, and others entered into limited partnership agreement

* Pursuant to limited partnership agreement, co will contribute RMB400 million into fund as limited partner Source text(bit.ly/2sUtIfH) Further company coverage:

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