Huadian Power gains approval for REIT spin-off

Huadian Power International Corporation (HKEX:1071) announced it has received approval from relevant regulatory authorities for the proposed spin-off and separate listing of a publicly traded real estate investment trust (REIT) fund dedicated to infrastructure assets on the Shanghai Stock Exchange. The company obtained registration approval of the Infrastructure REIT from the CSRC on June 19, 2025. Additionally, the Stock Exchange granted a waiver from strict compliance with paragraph 3(f) of PN15, allowing the company to proceed with the spin-off, confirming this decision on May 23, 2025. The waiver addresses the need to provide assured entitlement to shareholders given restrictions on offering PRC-listed units to foreign investors, including existing shareholders, while prioritizing equal treatment for all investors. The company noted that the spin-off remains subject to market conditions and further review by the CSRC and the Shanghai Stock Exchange.