Hong Kong-listed Fantasia joins spin-off trend

The Chinese developer plans to list its majority-owned property management unit that two months ago was valued at $175 million.

Chinese real estate developer Fantasia Holdings Group has joined a series of Hong Kong-listed companies in trying to boost the value of its business by spinning off certain assets for a separate listing.

In an announcement issued late on Monday, Fantasia said it has submitted a listing application to the Hong Kong stock exchange for its property management subsidiary, Colour Life Services Group. Subject to approval, Colour Life will sell new shares through an initial public offering with the aim of listing in its own right in Hong Kong.

The company has flagged these plans previously, first in September last year when it said it had begun...

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