Financial news
Written by: Zhang Weilun
2019-11-27 14:38
Last updated: 2019-11-27 14:38China Merchants Commercial Real Estate Investment Trust, with China Merchants Property (0978) as the room manager, will start offering shares tomorrow. According to sources quoted in "IFR" quoted by Reuters, the commercial real estate fund raised up to 400 million US dollars.
China Merchants Commercial Real Estate Investor Trust, the first real estate investment trust (REITS) in Hong Kong in 6 years, is expected to yield 6.9%.
The report also pointed out that the China Merchants Housing Trust Foundation set the price on December 3, with Citi as its sole sponsor.
As of the end of June this year, China Merchants Housing Fund had a profit of 392 million yuan in the first half of the year, down 50.23% year-on-year.
China Merchants Commercial Housing Trust Applying for Listing
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