Swire Pacific plans spin-off listing by way of introduction

05 Jan 2012

Hong Kong conglomerate Swire Pacific is spinning off its property business, Swire Properties, giving the subsidiary a Hong Kong listing by way of introduction on January 18.

The conglomerate has been trying to spin off the business for more than 10 years after first mooting the idea in 2000, and initially wanted to launch an initial public offering. But it scrapped that plan last year and has now decided to list the unit without immediately ...

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