ESR Group (HKG:1821) is looking to raise 2.10 billion yuan from the spin-off and listing of Jiangsu Friend logistics projects on the Shanghai bourse, a Tuesday bourse filing said.
The company is planning to list the assets in China's Jiangsu province through a REIT as a publicly offered infrastructure securities investment fund.
The final offer price determined by the company for the offering is 2.628 yuan per unit.
ESR Group will subscribe for 39.37%, in addition to a potential further 2.045%, of the total number of units in issue at the completion of the proposed listing.
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