China’s first REIT public offering this year and the biggest transaction volume so far raised RMB9.4 billion (USD1.42 billion) with partners from Han Kun Law offices advising.
Huaxia China Communications Construction Company (Huaxia CCCC) REIT saw a billion shares priced at RMB9.4 for the real estate investment trust with the National Development and Reform Commission, China Securities Regulatory Commission and Shanghai Stock Exchange guiding the issuance.
Han Kun Law Offices provided individual legal services and signed the opinion letter for the issuance led by Joyce Li and Fang Rong with support from fellow partner Wang Shu.
The Wuhan-Shenzhen Expressway’s Jiayu-Tongcheng section is the core project of the Huaxia CCCC REIT and seen as a high-quality REIT asset with a steady cash income and less of an economic risk.
