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China's securities regulator approves ESR Group's logistics real estate IPO, raising approximately $336m.
China's securities regulator approves ESR Group's logistics real estate firm listing in the country, enabling the company to raise approximately 2.44bn yuan ($336m) via an IPO.
The ESR C-REIT, which will comprise three logistics facilities in Kunshan, Jiangsu Province, China, aims to provide future assets for acquisition from ESR's quality portfolio of assets under management and development pipeline.
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El regulador de valores de China aprueba la oferta pública inicial de bienes raíces logísticas del Grupo ESR, recaudando aproximadamente 336 millones de dólares.