great eagle

The Great Eagle spin-off is the first business trust-like vehicle to attempt a Hong Kong IPO in 18 months, offering yield-focused investors an alternative outside Singapore.

Langham Hospitality trust is seeking to raise up to $700 million by selling as much as 49% of the trust to yield-focused investors, sources say.

The two Hong Kong developers are both proposing to list part of their hotel properties in the form of dividend paying trusts.

The unwinding of its financial engineering measures could be a boost both for Champion and the Hong Kong Reit sector as a whole, observers say.