REIT Financial News - 22 MAR 2010: Fortune Reit submits proposal of primary listing to HKSE

PROPOSED DUAL PRIMARY LISTING ON THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED – SUBMISSION TO THE STOCK EXCHANGE OF HONG KONG LIMITED. See report.


Author's Note
The news of dual listing of the reit has been favourable to its share price, continues to break new high and closes at HKD 3.51 today. Intraday high of HKD 3.53 is also the new 52 weeks high. The reit rises by 0.9 HK cents despite the broader market weakness.

There is a reminder to exercise caution in dealing with the units of the Reit in the above report as the listing in HKSE is still subject to approval of various parties:
"As the Introduction is subject to the approval of the Hong Kong regulatory authorities as well as the Unitholders at the EGM, the Introduction may or may not occur. There is no assurance that all or any of the relevant approvals in connection with the Introduction will be obtained from the Hong Kong regulatory authorities and/or the Unitholders. The information relating to the Introduction as stated in this announcement is also subject to change. Unitholders are therefore reminded to exercise caution when dealing in the Units. In the event that Unitholders are in doubt when dealing in the Units, they should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers."