fintech / news / / South China Morning Post
Alibaba said it could separate an infrastructure real estate investment trust (Reit) and list it on the Shenzhen Stock Exchange.
Alibaba plans to spin off its Jiaxing Park logistics facility into a Shenzhen-listed Reit.
KEY POINTS
- The resulting CICC Cainiao Logistics Warehouse Infrastructure Reit would be managed by CICC Fund.
- After the spin-off, Alibaba will no longer consolidate these project companies into its financial statements.
- Chinese regulators recently approved four commercial Reit products and signaled support for such listings.
COMPANIES
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