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ESR Group receives no objection letter from Shanghai Stock Exchange on listing of logistics REIT

Felicia Tan
Felicia Tan • 2 min read
ESR Group receives no objection letter from Shanghai Stock Exchange on listing of logistics REIT
ESR Group is the sponsor of several Singapore-listed REITs including ESR-LOGOS REIT (E-LOG) and Sabana Industrial REIT. Photo: Bloomberg
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Hong Kong-listed ESR Group, on June 21, announced that the Shanghai Stock Exchange has issued a no objection letter to the group’s proposed listing of a REIT on the exchange. The China Securities Regulatory Commission (CSRC) has also approved the registration of the REIT, adds the group in its announcement.

This comes after the group submitted the application materials to the Shanghai Stock Exchange and the CSRC to register and list the REIT on the exchange on Dec 1, 2023.

ESR Group, which is the sponsor of several Singapore-listed REITs including ESR-LOGOS REIT J91U -

(E-LOG) and Sabana Industrial REIT, announced the proposed spin-off and separate listing of its logistics assets through a publicly offered infrastructure securities investment fund or C-REIT on the Shanghai Stock Exchange on Dec 13, 2022.

The assets are: Jiangsu Friend – I, Jiangsu Friend – II and Jiangsu Friend – III, which are three high-standard logistics projects in Kunshan, Jiangsu Province. The assets are currently wholly-owned by ESR Group through Jiangsu Friend Warehouse Co., Ltd.

On March 6, 2023, ESR Group said that it received confirmation from the Stock Exchange of Hong Kong that it may proceed with its proposed transaction.

Shares in ESR Group closed 8 HK cents higher or 0.75% up at HK$10.80 ($1.88) on June 21.

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