Li Ka-shing's Fortune REIT to delist from Singapore exchange

Li Ka-shing's Fortune REIT to delist from Singapore exchange

Justin Chin/Bloomberg

Singapore and Hong Kong-listed Fortune REIT, controlled by Li Ka-shing, has opted to delist its Singapore units and maintain its sole listing status in Hong Kong.

In a securities filing on Wednesday, ARA Asset Management, the manager of Fortune REIT, said the move will eliminate the administrative overhead and compliance costs associated with the Singapore listing.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter