Singapore’s CapitaLand Commercial C-REIT plans to raise 2.1 billion yuan ($293.59 million) by issuing 400 million units as part of its upcoming listing on the Shanghai Stock Exchange, its parent CapitaLand Investment 9CI said on Wednesday.
The listing has received regulatory approval from the China Securities Regulatory Commission, marking a significant step in CapitaLand Investment’s expansion into Chinese capital markets.
The move is in line with the parent company’s domestic-for-domestic fund strategy that aims to leverage onshore capital to expand its funds under management and boost recurring fee income, it said.
Upon completion, CapitaLand Commercial will become its parent’s eighth listed fund, further solidifying its leadership position as Asia Pacific’s largest REIT manager by market capitalization.
Expected by the fourth quarter of 2025, the listing will also make CapitaLand Commercial China’s first internationally sponsored…
