Japan's Takara to become first to list on infrastructure market

April 4, 2016 7:19 AM

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TOKYO, April 4 Takara Leben Infrastructure Fund, managed by a fully owned unit of condominium developer Takara Leben Co, said it will list shares on Japan's infrastructure market by selling trusts backed by revenue from solar power plants.

The listing will be the first for the Tokyo Stock Exchange's nascent infrastructure market, which was created a year ago. The market became attractive finally after renewable energy trusts become exempt from corporation tax for 20 years from April 1.

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