PCCW and Swire prepare for spin-offs

PCCW's proposed listing of its telecom assets in the form of a trust and Swire Properties' listing by introduction will bring two blue-chip Hong Kong assets to the market -- something rarely seen these days.
September 27, 2011
One of Swire’s HK projects

New listings by pure Hong Kong companies are a rarity these days when virtually all IPOs on the Hong Kong stock exchange are by companies based either in China or some other country outside its borders. The reason, of course, is that most Hong Kong companies are already listed.

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