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Hong Kong billionaire Cheng family's New World Development secures Shanghai bourse approval for $570M REIT listing

New World Development said it has gained the Shanghai Stock Exchange's approval to spin off and list its REIT for an expected offering size of 3.82 billion yuan (US$570.36 million), the first by a Hong Kong developer.

Hong Kong billionaire Cheng family's New World Development secures Shanghai bourse approval for $570M REIT listing

We haven't written up this one. VnExpress Business has the full story — the link below goes straight to it.

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