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The IPO Prospectus
Rights Issue Part 1: Terms and Definition
Rights Issue Part 2: What happens during a Rights Issue
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Friday, March 26, 2010

REIT Financial News - 26 MAR 2010: Approval in principle of Fortune Reit's Listing in SEHK

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PROPOSED DUAL PRIMARY LISTING ON THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED – APPROVAL IN PRINCIPLE OF THE STOCK EXCHANGE OF HONG KONG LIMITED. See report.

Key Points
  • SEHK has on 25 March 2010 approved in principle the Listing Application of Fortune REIT.
  • The Manager wishes to highlight that this is an approval in principle only. 
  • Fortune REIT has not received formal approval from the Securities and Futures Commission of Hong Kong, nor has it received formal approval from the SEHK for the listing of, and permission to deal in, the Units.
Author's Note
We are closer to seeing the first S-REIT to be dual listed. The share price has continue to break new highs, currently in the range of HKD 3.6++.

1 comment:

  1. AnonymousMarch 26, 2010 at 1:49 PM

    I was thinking of investing in Prosperity reits too since its sponsor is linked to Li Ka Shing too. it is now trading at hkd1.42? i'm aware that is is paying out mid yearly divd. where can i find the details of its ex-divd date?? if fortune reit created a spur in hk when listed...hopefully ppl will link to prosperity reit?

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