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China First Nine REITs May Yield 4-12%: News

MNI (Singapore)

China's first batch of nine REIT products ranged from CNY2.3 to CNY13.38 per share, with expected dividend yields from 4% to 12%, said Quanshang Zhongguo, a WeChat blog run by Securities Times. They were sold out in half a day yesterday in public offering, with some more than 40 times oversubscribed, the newspaper said. These REIT products focus on high-quality infrastructure projects in key areas, with five to be invested in industrial parks, warehouses, and logistics, the newspaper said.

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