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Kunlun Fortune 139 • Zhengzhou Shenglong Royal Bank Project proceeds of transfer and repurchase collective fund trust plan to pr
|product name||Kunlun Fortune 139 & bull; Zhengzhou Thang Long Imperial Project proceeds of the transfer and repurchase funds trust plan|
|Product deadline||Each term is 24 months, counting from the date of establishment of each trust unit.||Expected rate of return||7.2% -7.4% / year|
|Trust distribution of benefits||Each year on December 20, the ending date of the trust units and the termination date of the trust plans during the duration of the trust plan shall be the trust benefit calculation day. The trust benefits shall be distributed to the beneficiaries within 10 days after the calculation of the trust benefits.||The size of the funds||RMB 300 million yuan|
|Custodian bank||Zhejiang Bank Co., Ltd.||The purpose of the trust plan||The trust fund is used for the purchase of the development project of the residential project Shenglong Yuxi Phase 5 (hereinafter referred to as "the project of the subject") from Zhengzhou Yuanlong Real Estate Development Co., Ltd. (hereinafter referred to as "Zhengzhou Yuanlong"), Zhengzhou Yuanlong promised to repurchase the subject of the proceeds of the project when each financing is over two years.|
(1) The financier provided the first collateral guarantee for the financing of the six phases of Zhengzhou Shenglonglongxixi Project (including Block A-01 and Block B-04-1 located in Zhongyuan District, Zhengzhou City) (No other mortgage) and apply for compulsory notarization, the mortgage rate does not exceed 50%;
(2) Shanghai Shenglong Investment Group Co., Ltd. (hereinafter referred to as "Shanghai Shenglong", "Guaranteeor") provided 100% joint and several guarantees for financing and handled the notarization for enforcement.