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CLI's China REIT to list by end of year; to raise $375 million issuing 400 million units

The Edge Singapore
The Edge Singapore  • 2 min read
CLI's China REIT to list by end of year; to raise $375 million issuing 400 million units
CapitaMall SKY+ in Guangzhou will be one of the two initial properties in the portfolio of CLCR / Photo: CLI
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CapitaLand Investment's China REIT, CapitaLand Commercial C-REIT (CLCR), has received approval to register for a listing. The listing is likely to be by the end of the year.

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.

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