Sinotrans Raises 1.31 Billion Yuan From REIT Offering; Shares Up 1%

MT Newswires Live

07-30

Sinotrans (HKG:0598, SHA:601598) raised net proceeds worth 1.31 billion yuan from the offering of its publicly-traded infrastructure securities investment fund, according to a Hong Kong bourse filing on Tuesday.

The Shanghai shares of the Chinese state-owned logistics and shipping services provider rose over 1% during Wednesday's midday trade.

The BOC Sinotrans Warehousing and Logistics Closed-end Infrastructure Securities Investment Fund was listed on the Shanghai Stock Exchange on Tuesday with a trading code of 508090. The REIT offered 400 million fund units for 3.277 yuan per unit.

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