Swire Properties Ltd. will not proceed with a plan to spin off its property unit in an initial share sale in Hong Kong, the company said in a statement to the Hong Kong Stock Exchange.
Swire Pacific Ltd., the Hong Kong company with businesses ranging from soft drinks to airlines, said the city’s stock exchange has approved a plan to spin off its property unit.
Jiao Jun, visiting Hong Kong from Shanghai with his wife Creasey Xia for the first time, is not feeling welcome.
Swire Properties Ltd.’s Chief Executive Officer Martin Cubbon says the company has seen a weakening demand for office space in Hong Kong.
Construction cranes dot Miami’s skyline as 47 condominium projects are under way, the most in almost a decade, symbolizing the city’s housing boom.
Hong Kong stocks rose, with the city’s benchmark index heading for a third straight weekly advance, as raw material producers gained after oil and metals prices rebounded.
Hong Kong developers are heading deeper into China to lure shoppers, investing at least $1.3 billion to build malls in Chengdu, the city vying with Chongqing as the economic hub of the country’s west.