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<CN Home>CHINA OVERSEAS' 1st Public Infrastructure REIT Approved
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The China Asset China Overseas Commercial REIT (literal translation of "華夏中海商業REIT"), initiated by CHINA OVERSEAS (00688.HK), officially received registration approval from the China Securities Regulatory Commission (CSRC) and a letter of no objection from the Shenzhen Stock Exchange (SZSE) on 22 September. The initial asset of the REIT is the Foshan Yingyuehu Unipark, a self-owned property of CHINA OVERSEAS in a mature operational phase. The project has a total GFA of approx. 153,500 square meters and a leasable area of about 63,900 square meters. It is located in the pilot area of the Yingyuehu area in the Guangzhou-Foshan High-Quality Development Integration Pilot Zone, with a surrounding permanent population of about 430,000 within 3 kilometers. It is currently a major large-scale shopping center in the area. AASTOCKS Financial News Website: www.aastocks.com |
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