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."
If fortune reit successfully listed in HKSE and gain further in price, do u think CapitalRchina reit will follow suit to list in china as well??
ReplyDeleteFortune Reit is trading in HKD ,so even at hkd 3.60 sgd is at 0.67 whereas capitaR is now trading at sgd 1.19.Any potential dual listing for capitalr ?since it is pure china play?
That was what came to my mind also. Read up a bit about this and found that REITs are still not allowed in China (SSE). Apparently since 2008 or even earlier they have been studying this and it still takes time for them to firm up the rules and regulations for REITs to be listed. Once that is done I think i makes sense to dual list. But I have not come across this being mentioned by the capitaR management.
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