Wharf Holdings, one of Hong Kong’s biggest landowners, saw its shares surge 15 per cent today after it unveiled plans to spin off its core commercial assets in the city into a separate listing.
Wharf said it is carving out six investment properties in Hong Kong with a market value of over HK$230 billion into a new entity named Wharf Real Estate Investment Company. They are Harbour City and Times Square – Hong Kong’s two biggest malls in shopping districts – and Plaza…
Source : South China Morning Post
Read more…Wharf shares jump to record as Hong Kong property spin-off plan revealed















