Wharf Holdings has unveiled its plan to spin off its Hong Kong investment properties. The move will create a separately listed entity focused on these assets.
The spin-off is intended to allow investors to more clearly assess and invest in Wharf Holdings’ distinct business segments. The company believes this will unlock shareholder value and enhance the long-term growth prospects of both entities.
Key details of the spin-off include:
- The new entity will hold a portfolio of prime Hong Kong investment properties.
- Wharf Holdings will retain its other core businesses.
- The transaction is subject to shareholder and regulatory approvals.
Further information regarding the spin-off will be released in due course.
