Mainland developer Sunac China plans to spin-off Sunac Services Holdings, its property management unit and list it in Hong Kong, with analysts expecting China’s struggling home builders looking to cash in on the profitable parts of their business amid a souring property market.After the spin-off and listing, Sunac China will have an interest of not less than 50 per cent in Sunac Services Holdings, Sunac said in the initial public offering application filed late on Thursday evening.“The company…
Source : South China Morning Post
Read more…Mainland developer Sunac China proposes to spin off property services arm and list it in Hong Kong















