Swire Properties sell-down

Swire raises $645 million from sale of Swire Properties stake

John Swire & Sons offloads roughly half of its stake in the company, after the stock gains more than 30% since its trading debut in January.
<div style="text-align: left;"> The East: a recent addition to Swire's hotel interests </div>
<div style="text-align: left;"> The East: a recent addition to Swire's hotel interests </div>
August 15, 2012

The Swire group has reduced its shareholding in Swire Properties, raising HK$5 billion ($645 million) by selling roughly half the stake it held in the company through John Swire & Sons (HK).

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media