ESR Group Limited (HK:1821) has released an update.
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ESR Group Limited has launched a REIT offering on the Shanghai Stock Exchange, marking a significant step in the planned spin-off and listing of its logistics assets located in Kunshan, Jiangsu Province. This move follows regulatory approvals and is part of a pilot program by Chinese authorities. Investors are advised to stay cautious as the completion of this spin-off depends on market conditions.
For further insights into HK:1821 stock, check out TipRanks’ Stock Analysis page.