Skadden is advising VX Logistic Properties, a subsidiary of China Vanke Co. Ltd. (Vanke), a China-based company principally engaged in real estate development and property management, on the proposed spin-off and separate listing of three warehouse logistic park projects through a publicly traded infrastructure securities investment fund on the Shenzhen Stock Exchange.
Following notice of acceptance from the CSRC on March 1, 2024, Vanke will commence the application process for the listing of the infrastructure REIT comprising high-standard warehouse logistic parks, owned by VX Logistic properties, as CAMC-VX Warehousing and Logistic Close-end Infrastructure Securities Investment Fund.
The spin-off and proposed listing will ensure that the value of the spun-off assets is better reflected, assist in continuous capital raising, enable Vanke to remain more competitive and allow the Company’s high quality assets to be listed separately in the PRC market.
The Skadden team was led by partner Kai Sun (Beijing) with staff attorney Chris Lee (Hong Kong), corporate.
