New World Development climbs on Shanghai REIT listing nod
Shares of New World Development rose 2.1% on Monday after the Shanghai Stock Exchange approved the spinoff and listing of its REIT, for an expected offering size of 3.82 billion yuan ($570.36 million).
9, putting the stock on course to end two straight losing sessions. 36 million). 01 billion yuan. 24 billion yuan from the asset sale and the purchase of a 20% stake in the REIT.
9% decline in the benchmark Hang Seng Index.