Sichuan Expressway Eyes Listing of Quasi REITs on Shanghai Bourse

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Sichuan Expressway (HKG:0107, SHA:601107) is proposing to launch up to 12 billion yuan of Quasi REITs on the Shanghai stock exchange in September, according to a Thursday Hong Kong bourse filing.

Shares of the expressway operator were up 1% in Friday afternoon trading.

The quasi REITs are being launched with a view to invest in and securitise an underlying asset portfolio held by units of the company.

The move, subject to shareholder approval, comes to raise funds for business operations and development.

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