Huaneng Power International (HKG:0902, SHA:600011) said that its proposed spin-off and separate listing of an infrastructure REIT on the Shanghai Stock Exchange have received regulatory approval, according to a Tuesday Hong Kong bourse filing.
The Shanghai Stock Exchange issued a no-objection letter for the REIT listing on Sept. 21, while the China Securities Regulatory Commission approved its registration on Sept. 20.
The fund will have a 27-year term and an approved offering size of 1 billion units.
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