Daily news and Commentary on the Chinese Real Estate sector
CC Land(1224.HK): spin-off and separate listing of the package business
Jun 29, 2012
- In relation to the Proposed Spin-off, the Board announces that the Proposed Spin-off is expected to be effected by way of the Distribution and the Share Offer.
- Qualipak International is a wholly-owned subsidiary of the Company as at the date of this announcement. Immediately after completion of the Distribution and the Share Offer, the Company will cease to have any shareholding interest in Qualipak International. Accordingly, Qualipak International will cease to be a subsidiary of the Company and the financial information of the Qualipak International Group will cease to be consolidated into the consolidated financial statements of the Company thereafter.