Hong Kong to address doubts over Reit rules
Real estate investment trusts are to be governed by the same rules on mergers, securities and futures as listed companies, under a new proposal from Hong Kong's Securities and Futures Commission.
When Hong Kong's Securities and Futures Commission (SFC) introduced a framework for regulating listed real estate investment trusts (Reits) in 2003, it anticipated that an appropriate regime to govern takeover and merger activity of Reits would eventually need to be considered. That time has now come.
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