$CapLand China T(AU8U.SI)$
In an announcement on Aug 27, CLI says that the China Securities Regulatory Commission has given CLCR the go-ahead to register for its listing on the Shanghai Stock Exchange.
CLCR is expected to raise some RMB2.1 billion, or $375 million, through the issuance of 400 million units.
"This marks a significant milestone for CLI as CLCR will become China’s first international-sponsored retail C-REIT upon listing," says CLI.
Post listing, CLI, CapitaLand China Trust and unlisted CapitaLand Development will collectively hold at least a 20% interest in
CLCR.
As the sponsor and asset manager of CLCR, CLI will continue to operate the two malls.
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