Property News · January 25, 2017

China Evergrande’s Shenzhen spin-off plan gets nod from Hong Kong regulator


China Evergrande Group’s proposed spin-off of its key real estate business via a back-door listing in Shenzhen has been approved by the Hong Kong stock exchange, the company said.
Evergrande, the country’s largest homebuilder by sales, has been wanting to transfer its real estate business from a Hong Kong stock market listing to Shenzhen in order to achieve higher valuations.
The company received from the Hong Kong bourse “in-principle approval” for the proposed spin-off…

Source : South China Morning Post
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