China's Lifeline For The Sputtering Property Market: Seazen To Raise Funds Through REIT spinoff
The property developer received regulatory approval this month to issue a commercial real estate investment trust, or REIT image credit: Bamboo Works Key Takeaways: Seazen plans to raise funds through a
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Why It Matters
Seazen, a big real estate company, got permission to raise money a new way. They will sell shares in buildings they own, which helps them get cash when business is slow.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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