Hui Xian REIT is the first RMB-denominated REIT listed in Hong Kong. Units are traded on the Hong Kong Stock Exchange and settled through CCASS in RMB, providing investors with an opportunity to invest in an RMB-denominated security product in Hong Kong.
Hui Xian REIT's assets include:
1. Its investment in Hui Xian (B.V.I.) Limited, which in turn holds Hui Xian Investment Limited (“Hui Xian Investment”), the foreign shareholder Beijing Oriental Plaza Co., Ltd. (“BOP”). Hui Xian Investment holds approximately 99.99999983% interest of BOP and is entitled to 100% distributions of BOP, which is a limited liability company established in the People’s Republic of China (“PRC”). BOP holds the land use rights and building ownership rights of Beijing Oriental Plaza;
2. Its investment in Chongqing Overseas Investment Limited, which in turn holds Chongqing Investment Limited. Chongqing Investment Limited owns the entire interest in Chongqing Metropolitan Oriental Plaza Co., Ltd (“COP”), which is a limited liability company established in the PRC. COP holds the land use rights and building ownership rights of Chongqing Metropolitan Oriental Plaza;
3. Its investment in Shenyang Investment (BVI) Limited, which in turn holds Shenyang Investment (Hong Kong) Limited (“Shenyang Investment HK”), the foreign shareholder of Shenyang Lido Business Co. Ltd (“Shenyang Lido”). Shenyang Investment HK holds 70% interest and is entitled to 70% of the distributions of Shenyang Lido, which is a limited liability company established in the PRC. Shenyang Lido holds the land use rights and building ownership rights of The Westin Shenyang;
4. Its investment in Chongqing Hotel Investment Limited, which in turn holds Highsmith (HK) Limited. Highsmith (HK) Limited owns the entire interest in Chongqing Oriental Plaza Metropolitan Hotel Co. Ltd. (“COH”), which is a limited liability company established in the PRC. COH holds the land use rights and building ownership rights of Hyatt Regency Metropolitan Chongqing; and
5. Its investment in New Sense Resources Limited, which in turn holds Chengdu Investment Limited, the foreign shareholder of Chengdu Changtian Co., Ltd.(“Chengdu Changtian”). Chengdu Investment Limited holds 69% interest and is entitled to 69% of the distributions of Chengdu Changtian, which is a limited liability company established in the PRC. Chengdu Changtian holds the land use rights and building ownership rights in Sheraton Chengdu Lido Hotel.