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CHINA OVERSEAS Proposes Spinning Off Foshan Project as Infrastructure REIT for Listing on SZSE
CHINA OVERSEAS (00688.HK) announced that CAMC and CITICS submitted yesterday (25th) the application materials on the registration and listing of the public fund to the CSRC and the...
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CHINA OVERSEAS Proposes Spinning Off Foshan Project as Infrastructure REIT for Listing on SZSE
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CHINA OVERSEAS (00688.HK)  -0.240 (-1.724%)    Short selling $68.06M; Ratio 27.644%   announced that CAMC and CITICS submitted yesterday (25th) the application materials on the registration and listing of the public fund to the CSRC and the Shenzhen Stock Exchange (SZSE).

The proposed spin-off constitutes a disposal of the project (one shopping mall located in Nanhai District, Foshan, the PRC) to the Infrastructure REIT, and a subscription of 20% of the units in the public fund by the group.

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For the purpose of the proposed spin-off, CAMC, as the public fund manager, will set up the public fund as a closed-ended publicly-listed infrastructure securities investment fund and will be responsible for its daily operation. It is currently expected that the public fund will raise RMB1.355 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 16:25.)

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