Seazen Group Moves to Spin Off Two Wuyue Plazas into Shanghai-Listed Commercial REIT

Seazen Group Ltd. ( (HK:1030) ) has shared an update.

Seazen Group’s mainland subsidiary Seazen Holdings plans to spin off two Wuyue Plaza commercial projects in Changzhou and Qidong into a new commercial property REIT, leveraging supportive Chinese policy for public real estate investment trusts. The move aims to enhance Seazen’s professional capabilities in property operations, optimize its capital structure and strengthen long-term competitiveness by shifting mature assets into a listed income vehicle on the Shanghai Stock Exchange.

A dedicated Seazen unit, Wuyue Shunrui, has filed the REIT application with the CSRC and SSE, and the product has been formally accepted for review, with the REIT to be structured as a closed-end fund backed by 100% equity in special purpose vehicles holding the malls. Seazen Holdings or its subsidiaries plan to subscribe for at least 34% of the offering, and management says the issuance should broaden financing channels, revive existing assets and improve asset efficiency, underlining the group’s push to tap China’s multi-level capital markets and adapt to the new real estate development model.

The most recent analyst rating on (HK:1030) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Seazen Group Ltd. stock, see the HK:1030 Stock Forecast page.

More about Seazen Group Ltd.

Seazen Group Limited is a Cayman Islands–incorporated real estate developer with operations in mainland China, focused on commercial property projects such as Wuyue Plaza shopping centers. Through its subsidiary Seazen Holdings, listed on the Shanghai Stock Exchange, the group engages in development, operation and management of retail-led commercial real estate in key PRC cities.

Average Trading Volume: 35,342,559

Technical Sentiment Signal: Hold

Current Market Cap: HK$16.28B

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