Cainiao’s First Public REIT Lists on Shenzhen Exchange
TMTPOST — The CICC Cainiao Warehousing & Logistics Closed-End Infrastructure Securities Investment Fund listed on the Shenzhen Stock Exchange on October 30.
The fund, trading under the ticker 中金菜鸟REIT (180307), is Cainiao’s first public REIT. It has a total of 500 million units and an issue price of 2.98 yuan per unit. The underlying assets are the China Smart Logistics Network Jiaxing warehouse park.
The listing marks Cainiao’s entry into China’s public infrastructure REIT market.
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