Sinotrans Gets Green Light for Shanghai REIT Listing

MT Newswires Live

06/03

Sinotrans (HKG:0598) said it has secured regulatory approval to list a warehousing and logistics REIT on the Shanghai Stock Exchange, according to a Monday Hong Kong bourse filing.

The REIT, managed by BOC Investment, is cleared to raise up to 400 million units with a 40-year term.

Shares of the e-commerce company rose about 2% at Tuesday's close.

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