Sinotrans gains approval for infrastructure REITs registration

Sinotrans (SSE:601598) announced that its application for infrastructure public REITs has made significant progress. The company received formal acceptance from the CSRC and the Shanghai Stock Exchange (SSE) in January 2025. Recently, the SSE issued a letter of no objection to the listing of the "China Orient Asset Management - Sinotrans Warehousing Logistics Infrastructure No. 1 Asset Support Special Plan Asset Support Securities" and "China Orient Asset Management - Sinotrans Warehousing Logistics Closed Infrastructure Securities Investment Fund". Subsequently, the CSRC granted approval for the registration of the "China Orient Asset Management - Sinotrans Warehousing Logistics Closed Infrastructure Securities Investment Fund" (License No. [2025] 1162). The approved fund is a contractual closed-end fund with a term of 40 years and a total offering size of 400 million units. China Orient Asset Management will serve as the fund manager, and China Merchants Bank will act as the fund custodian. Sinotrans stated it will actively advance the REITs issuance, while cautioning investors about market and economic risks.