Wharf split the formal application for listing

(Hong Kong), Hong Kong City, Times Square and other six Hong Kong investment properties listed, Wharf announced yesterday, has to the Stock Exchange to mention the listing of A1 application form, the implementation of the “1 shares for 1 shares” (00020) will hold a 62% stake in the new Wharf, but failed to confirm the actual listing timetable.

Wheelock will hold the new Wharf 62%

Wharf announced in the middle of last month that it would be interested in the demolition of “Wharf Real Estate Investment”, which will involve two shopping malls in Harbor City, Times Square, Hollywood Plaza, two commercial buildings at Wheelock Building and Crawford Building, By the end of the hotel, The Murray, a total of six investment properties.

According to the latest announcement, the new nine positions in the first half profit of 4.9 billion yuan, accounting for 58% of the existing Wharf Group; to the end of June, the new Wharf net assets value of 210.4 billion yuan, accounting for 63% of the group.

Wharf, after the spin-off will continue to focus on the development of Hong Kong real estate development, real estate investment and development in Singapore, Wharf mainly engaged in the mainland real estate development and investment, other Hong Kong property and non-real estate business in Hong Kong.

Wharf said that the spin-off favorable investors to choose interested business, increase the operation of the group, financial transparency, so that the Group management and accountability on their respective operations and financial performance have more direct contact, but also to Ngura Real Estate independent into the stock market And the bond market.