Shanghai Yuyuan Tourist Mart (SHA:600655) will register its 6 billion yuan of debt financing instruments with China's National Association of Financial Market Institutional Investors, according to a Thursday filing with the Shanghai bourse.
The debts could comprise short- and medium-term debts and other instruments.
Smarter Microelectronics (SHA:688512) looks to raise up to 300 million yuan from the sale of about 25 million shares to 35 investors via a private placement, according to a Thursday disclosure to the Shanghai bourse.The company will use the proceeds to fund its mobile communication radio frequency front-end module project, communication modules for emerging application situations, and working capital.
Advance Residence Investment (TYO:3269) has agreed to acquire RESIDIA Musashi-koyama, a four-storey apartment building in Shinagawa-ku, Tokyo, for an acquisition price of 690 million yen.The purchase price represents a 95.7% ratio to the appraisal value of 721 million as of April 1, according to a Tokyo bourse filing on Thursday.The property features 19 leasable units with an occupancy rate of 95% based on floor area and a building age of 7.3 years.The acquisition will be funded through a combination of borrowings and cash on hand, with settlement expected on June 30, and the asset will be held as real estate following termination of the trust beneficiary interest on the same day.Itochu Urban Community, which falls under the category of an interested party under the asset manager's internal rules, is scheduled to serve as master lessee and property management company, while the seller is a domestic special purpose company whose further details cannot be disclosed due to a lack of consent.
Nippon REIT Investment (TYO:3296) has decided to transfer its trust beneficiary interest in Tsukiji Front, an office building in Chuo-ku, Tokyo, for a scheduled transfer price of 1.25 billion yen, effective July 31, according to a Tokyo bourse filing on Thursday.The decision to sell the property, which is over 30 years old and has an appraisal value of 1.11 billion yen as of December 2025, was driven by expectations of rising capital expenditure needs and limited growth potential due to its relatively small standard floor area.The REIT determined that terminating management of the property at this time and realising unrealised gains would contribute to the maximisation of unitholder value.The company plans to use the gain on sale as a source of funds for distributions, reducing the previously assumed reversal of reserve for the reduction entry of 369 million yen while maintaining the forecasted distribution per unit at 2,250 yen for the fiscal period ending Dec. 31, 2026.