S.F. Holding's unit SF REIT plunges in Hong Kong debut

SF Real Estate Investment Trust

17/05/2021 04:38

** Per unit of SF Real Estate Investment Trust (SF REIT) 
 2191.HK  trades as low as HK$4.26 in Hong Kong trading debut
    ** A few units trade 14.5% below their offering price of
HK$4.98 
    ** The REIT manager, a unit of Chinese logistics giant S.F.
Holding  002352.SZ , offered 520 mln units for sales in Hong
Kong IPO, raising HK$2.59 bln ($333.5 mln) for acquisitions and
for general corporate purposes  urn:newsml:reuters.com:*:nFWN2MR1EO
    ** SF REIT comprises three logistic properties in Tsing Yi
in Hong Kong, and Foshan, Wuhu in China with total gross
lettable area of 307,991 square metres and an average occupancy
rate of 95%. The appraised value was HK$6.09 bln, as at Dec. 31,
2020, Refinitiv publication IFR reported 
    ** Shenzhen-listed shares of S.F. Holding rise 3.8%, on
course for the best session since Feb 10
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  slips 0.2%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.8%, and the benchmark index  .HSI  gains 0.5%

    ($1 = 7.7667 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)