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Find out more about IPO and Rights Issue in articles from the All about REIT series:
The IPO Prospectus
Rights Issue Part 1: Terms and Definition
Rights Issue Part 2: What happens during a Rights Issue
Ever wonder how to start using CPF to buy shares? Do visit Using CPF to buy shares (CPF Investment Scheme CPFIS-OA)

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About a Reit Talks about a particular REIT. Includes latest or historical performance, its business, and more.

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REIT Financial News Latest financial news related to REIT

Commentary Commentary about news or trends affecting the REITs, or about the Market in general.

General Investment Tips, guide or thoughts about investment in general.

Wednesday, March 3, 2010

Stock Movement - 3 MAR 2010: Fortune Reit closes at 52 weeks high of HKD 3.41

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Fortune Reit closes at 52 weeks high of HKD 3.41 today.

Author's Note
Following its announcement on Feb 24 to seek dual-primary listing in Hong Kong, the stock price of the Reit has been moving upwards.

The Reit has further announced today that it has made a submission to the securities and futures commission of hong kong for the dual listing. See report.

The Reit closes at HKD 3.01 on Feb 24 prior to the announcement about the dual listing. At the closing price today, the price has moved up by about 13%.

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