Beibu Gulf Port (SHE:000582) plans to issue and offer a real estate investment trust or REIT in the port infrastructure sector, according to a Shenzhen bourse filing on Tuesday.
The port operator will use the No. 1 and No. 2 berths of the Beibu Operational Area in Tieshan Port District, Beihai, Guangxi Zhuang Autonomous Region, China, which is owned by subsidiary Beibu Gulf Port Beihai Terminal, as the REIT's underlying assets. The port covers 5.9 hectares of port pool and 333,084.14 square meters of land.
The company's shares slipped 1% during the afternoon trade.
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