China Real Estate Opportunities, the property company, has proposed abandoning its listing on London's Aim market to list in Singapore, in an effort to improve the rating of its shares against the value of its ￡840m Chinese portfolio.
CREO, which owns Chinese office, retail and residential property, will consult investors on the move, which it said may help narrow the gap between its net asset value and share price.
CREO has been trading at a wide discount to the value of its assets since the real estate crash in 2008. At the close on Friday, it was trading at a discount of 68 per cent, and the shares closed yesterday down 23?p at 342p.
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