Hong Kong-listed companies to spin off existing businesses

Brilliance China is seeking a separate listing of its engine unit, while Hopewell says it plans to spin off its Hong Kong property business.

Hong Kong-listed companies to spin off existing businesses
Activity picking up on Hong Kong's stock exchange

Brilliance China Automotive Holdings is aiming to spin off its engine-manufacturing unit, in which it owns 42.5%, for a separate Hong Kong listing. According to a source, the deal may raise about $100 million and bankers are planning to start investor education on Monday.

Some 25% of the unit, which is called Xinchen China Power Holdings, will be sold to the public, reducing Brilliance China’s stake to about 31.9%. Bank of America Merrill Lynch is...

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