Wantong Real Estate received 5 billion investment in Ping An trust rose more than 5%

NetEase Financial November 3 Wantong Real Estate Bulletin, recently, the company and Ping An trust limited liability company signed the "Real Estate Project Investment strategic cooperation Framework Agreement", Ping An trust in 5 years to complete 5 billion yuan (including fixed income category) trust funds on the target project investment, the specific scale to the actual recruitment situation. According to the agreement, the two sides will be the target project company shareholders for the target project funding, the two sides invested in the proportion of 50% per cent in principle.　　The target project is Wantong real estate located in the Yangtze River Delta, southwest, the Bohai Sea and other areas of high-quality residential projects and urban complex projects. Ping An trusts will launch a trust plan to invest in real estate projects in accordance with the relevant agreement to invest in the target project. The duration of the trust plan is 1-3 years. In principle, trust products are divided into 2 levels according to risk and income level. Among them, the priority source is the third party funds raised by Ping an trust.　　The Ping An trust or its affiliated party shall have its own capital return in the form of principal, fixed income and floating income at the maturity of the trust share. Inferior level of funding for Wantong Real estate and its partners to subscribe for funds. The return form is that the trust plan expires, the principal is repaid after the priority, and the proceeds float. In the event of loss of the project, the principal may face losses.　　In the case of project profitability, the distribution of benefits is assigned after the priority level. Wantong Real Estate Today Gaokaigao go, the highest increase in the plate was once more than 5%, turnover significantly enlarged.