CapitaLand Commercial C-REIT (CLCR) has received approval from the China Securities Regulatory Commission to register for its listing on the Shanghai Stock Exchange.
This milestone puts it on track to be China's first international-sponsored retail REIT upon listing, which is expected to take place by the fourth quarter of 2025.
The REIT, backed by Singapore-listed CapitaLand Investment Limited (CLI), is set to raise approximately RMB2.1 billion (SGD375 million) through the issuance of 400 million units.
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