Hong Kong government said Sunday the Link Real Estate Investment Trust (The Link REIT) will be listed on the Hong Kong Stock Exchange Friday, Nov. 25, 2005.

According to the government, the Global Offering of The Link REIT comprises a Hong Kong Public Offering of initially 577.754 million units to the retail investors in Hong Kong, representing approximately 30 percent of the total number of units, and an International Offering of initially 1348.092 million units to institutional, professional and other investors.

Up to 211.608 million additional units, representing about 11 percent of the Global Offering, have been reserved for the Over-allotment Option.

The International Offering price per unit is expected to be within the range of 9.7 Hong Kong dollars (1.24 US dollars) to 10.3 Hong Kong dollars (1.32 US dollars). The Hong Kong Public Offering offer price per unit, being the International Offering offer price per unit less the 5 percent Hong Kong Public Offering Discount is expected to be within the range of 9.22 Hong Kong dollars (1.18 US dollars) to 9.78 Hong Kong dollars (1.25 US dollars).

With a total of 2137.454 million units being offered in the Global Offering, assuming the Over-allotment Option is exercised in full, the expected market capitalization of The Link REIT is 22,016 million Hong Kong dollars (2,822 million US dollars), based onthe Maximum Offer Price.

The Hong Kong Public Offering of The Link REIT will open at 9:00 a.m. on Monday, Nov. 14, 2005, and will close on Thursday, Nov.17, 2005.

Upon closing of the Global Offering, The Link REIT will hold 180 properties acquired form Hong Kong Housing Authority. Full details of the properties to be divested, including 149 integrated retail and car-parking facilities, two standalone retail facilities and 29 are stand alone car-parking facilities.

Source: Xinhua