Seazen Group Moves to Spin Off Two Wuyue Plazas into Shanghai-Listed Commercial REIT
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Seazen Group Ltd. plans to spin off two Wuyue Plaza projects into a new commercial property REIT, leveraging supportive Chinese policies for public real estate investment trusts. This move aims to enhance property operations, optimize capital structure, and strengthen competitiveness by shifting mature assets to a listed income vehicle on the Shanghai Stock Exchange. A dedicated unit has filed the REIT application, which is under review. Seazen Holdings intends to subscribe for at least 34% of the offering, aiming to improve asset efficiency and tap into China's capital markets.
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