Macalline plans to issue CMBS backed by Wenshui Road mall to raise 2.4 billion yuan

Corporate Action
โดย 澎湃新闻·Read original
Summary · why it matters

Macalline plans to use the Red Star Macalline Shanghai Wenshui Road mall in Baoshan District as the underlying asset to issue asset-backed securities of up to 2.4 billion yuan. The special plan has a term of no more than 18 years, and the funds raised will be used to repay existing liabilities on the underlying asset and to supplement working capital. The underlying asset is held by the controlled subsidiary Shanhai Artist Furniture, with a gross floor area of 139,500 square meters. In 2025, it achieved operating revenue of 158 million yuan and net profit of 29.91 million yuan. The product is divided into senior and subordinated tranches, with the senior tranche of up to 2.34 billion yuan offered to professional institutional investors, and the subordinated tranche of up to 60 million yuan subscribed by Macalline. The controlling shareholder, C&D Inc., acts as the deficiency payment provider and put option provider, providing credit enhancement for the senior securities.

Impact on stocks 2

Others▲ · 2 stocks
Xiamen C&D Inc
600153
▲ PositiveCapitalrelevance

C&D Inc. provides credit enhancement as deficiency payment and put option provider, supporting the CMBS issuance.

Off-coverage companies 1

上海山海艺术家俱有限公司Private± Mixed
relevance

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