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Alibaba (09988.HK) Receives HKEX Approval for Proposed Spin-off and Shenzhen Listing of Jiaxing Park
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Alibaba-W (09988.HK) (BABA.US) announced that on March 13, The Stock Exchange of Hong Kong has confirmed that the company may proceed with the proposed spin-off involving the listing of an infrastructure REIT on the Shenzhen Stock Exchange. The statement emphasized that the proposed listing remains subject to approvals from the Shenzhen Stock Exchange and the China Securities Regulatory Commission. The company intends to spin off part of its infrastructure assets by seeking a real estate investment trust to be listed on the Shenzhen Stock Exchange. The underlying assets of the proposed spin-off are the Jiaxing Park, which are held by two indirect wholly owned subsidiaries, Jiaxing Chuanyun and Jiaxing Chuanxiang. (de/d) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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